Tech Talk for Wednesday July 2nd 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.

Following a successful stress test by U.S. banking authorities, Bank of American announced plans to increase its dividend by 8%. The stock added $0.03 to $48.18.

JP Morgan Chase also responded to a successful stress test. The company announced a $50 billion share buyback program and a dividend increase. The stock added $1.30 to $291.71

Ditto for Wells Fargo! The company announced an increase in its quarterly dividend from $0.40 to $0.45 per share. The stock gained $0.06 to $81.55.

EquityClock's Market Outlook for July 2nd

The summer rally period is upon us. See:

https://equityclock.com/2025/06/30/stock-market-outlook-for-july-2-2025/

Technical Notes

Financial SPDRs (XLF) moved above $52.27 to an all-time high extending an intermediate uptrend.

Materials SPDRs (XLB) moved above $88.54 and $90.10 extending an intermediate uptrend. Responding to U.S. Dollar weakness!

S&P 100 and NASDAQ 100 stocks moving above resistance and extending intermediate uptrends included CSX, Dollar General, Ford, General Motors, Honeywell, Linde, Match Group, Medtronic, Meta Platforms, NXP Semiconductor, PACCAR, Synopsys, Target, PayPal, UnitedHealth Group, United Parcel Services and Wells Fargo

Bank of Montreal (BMO.TO) a TSX 60 stock moved above Cdn$149.95 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until November 20th. See: https://charts.equityclock.com/?s=bmo.to

Royal Bank (RY.TO) a TSX 60 stock moved above Cdn$179.06 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until November 30th. See: https://charts.equityclock.com/royal-bank-of-canada-tsery-seasonal-chart

Seasonal influences for Canadian Bank stocks (ZEB.T0) are favourable until October 24th. See:

https://charts.equityclock.com/bmo-sptsx-equal-weight-banks-index-etf-tsezeb-seasonal-chart

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 1st 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 July 1st 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 1st 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Trading Places Live! July 1, 2025: Tom Bowley

https://www.youtube.com/watch?v=32fkXpclp2c

Mike Webster Shares His #1 Swing Trading Strategy For Success: David Keller

https://www.youtube.com/watch?v=AkVFEhW_iYQ

Ark CEO Cathie Wood: We will move from a ‘rolling recession’ into a recovery

Ark CEO Cathie Wood: We will move from a ‘rolling recession’ into a recovery - YouTube

Trump’s $3.3 Trillion ‘One Big Beautiful Bill’ Passes the Senate

Trump’s $3.3 Trillion ‘One Big Beautiful Bill’ Passes the Senate - YouTube

S&P 500 Momentum Barometers for July 1st

The Barometer advanced 7.20 to 81.40, a ten month high. It remains Overbought.

The long term Barometer advanced 4.60 to 61.20. It changed from Neutral to Overbought on a move above 60.00.

TSX Momentum Barometers for June 30th

The intermediate term Barometer added 3.29 to 86.85. It remains Overbought.

The long term Barometer added 2.35 to 79.34. 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.