Tech Talk for Wednesday May 14th 2025
The "Magnificent Seven" ETF" $MAGS has come alive again. Nice move above $49.46!
Base Metals ETN $DBB (One third weighted each in copper, zinc and aluminum) moved above $18.69 setting an intermediate uptrend. Base metals equity ETFs (XBM.TO in Canada and PICK in the U.S. responded accordingly.
Caterpillar $CAT a Dow Jones Industrial Average stock moved above $350.72 extending an intermediate uptrend.
MasterCard $MA an S&P 100 stock moved above $581.31 to an all-time extending an intermediate uptrend.
KLA Corp $KLAC a NASDAQ 100 stock moved above $792.21 extending an intermediate uptrend.
Nutrien $NTR.TO a TSX 60 stock moved above Cdn$79.30 extending an intermediate uptrend.
U.S. Healthcare Providers iShares $IHF moved below $47.11 extending an intermediate downtrend.
IHF as well as the Dow Jones Industrial Average were heavily influenced with a drop by UnitedHealth Group $UNH to a four year low. The company issued a earnings warning.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 13th 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 May 13th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 13th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Is This Rally Built to Last? Guy Adami and Dan Nathan
Is This Rally Built to Last? - YouTube
Relief Rally Is Overdone, Says JPM’s Kelly
Relief Rally Is Overdone, Says JPM’s Kelly - YouTube
Tariff effects are going to show up in next month’s CPI data, says Morgan Stanley’s Ellen Zentne
CFRA’s Sam Stovall: Market still has more upside potential
CFRA’s Sam Stovall: Market still has more upside potential - YouTube
50% of S&P 500 Stocks Just Turned Bullish - What Happens Next? David Keller
50% of S&P 500 Stocks Just Turned Bullish - What Happens Next? - YouTube
50% of S&P 500 Stocks Just Turned Bullish - What Happens Next? David Keller
50% of S&P 500 Stocks Just Turned Bullish - What Happens Next? - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 2.60 to 69.80. It remains Overbought.
The long term Barometer slipped 0.60 to 52.40. It remains Neutral.
Short term (20 days) Barometer dropped another 4.20 to 76.20. It peaked at 86.60 on May 5th. .
TSX Momentum Barometers
The intermediate term Barometer added 1.38 to 78.90. It remains Overbought. Daily trend remains up.
The long term Barometer added 1.83 to 65.60. It remains Overbought. Daily trend remains up.
The short term (20 days) Barometer dropped 2.75 to 72.02. It peaked last Friday at 87.61.
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.
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