Tech Talk for Tuesday August 26th 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EDT.

S&P 500 Index recovered 2 points following release of July Durable Goods Orders at 8:30 AM EDT. Consensus was a 4.1% drop versus a 9.4% drop in June. Actual was a 2.8% drop. Excluding transportation orders, consensus was a 0.1% increase versus a 0.2% gain in June. Actual was a 1.1% increase.

Interactive Brokers Group (IBKR) added $2.79 to $65.55 after the stock was selected to replace Wallgreens Boots (WBA) in the S&P 500 Index

Eli Lilly added $10.42 to $705.75 after its weight loss pill cleared its latest trial prior to applying for FDA approval.

Heico gained $4.86 to $310.20 after reporting higher than consensus fiscal third quarter results.

EquityClock's Market Outlook for August 26th

Commodities are becoming a diversifier to portfolios as technology momentum wanes. See:

https://equityclock.com/2025/08/25/stock-market-outlook-for-august-26-2025/

Technical Notes

S&P /TSX Base Metals iShares (XBM.TO) moved above Cdn$21.76 extending an intermediate uptrend. Technical score remained at 6: Intermediate uptrend was extended (Score: 2). Strength relative to the S&P 500 remains positive (Score: 2). Price remains above its 20 day moving average (Score: 1). Daily Stochastics, Relative Price Index, MACD are trending up (Score: 1).

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 25th 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for August 25th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 25th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Sectors Shift After Powell's Speech: Where to Focus Now Mary Ellen McGonagle

Sectors Shift After Powell's Speech: Where to Focus Now - YouTube

Investors can use the September volatility to buy, says Hightower’s Stephanie Link

Investors can use the September volatility to buy, says Hightower’s Stephanie Link - YouTube

This is the time when Wall Street tends to have some ‘indigestion’, says RBC’s Lori Calvasina

This is the time when Wall Street tends to have some ‘indigestion’, says RBC’s Lori Calvasina - YouTube

Retail sales likely fell 0.8% month-over-month in July: StatsCan

Retail sales likely fell 0.8% month-over-month in July: StatsCan - YouTube

100% chance of September rate cut: Mulberry

100% chance of September rate cut: Mulberry - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 6.40 to 65.80. It remains Overbought

The long term Barometer dropped 3.40 to 66.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 4.74 to 67.77. It remains Overbought.

The long term Barometer dropped 1.90 to 82.94. It remains Overbought.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.