Tech Talk for Friday July 25th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:35 AM EDT.

S&P 500 futures were unchanged following release of the June Durable Goods Report at 8:30 AM EDT. Consensus was a 10.3% drop versus an upwardly revised 16.5% gain in May (impacted primarily by Boeing aircraft orders). Actual was a 9.3% drop. Excluding transportation orders, consensus was unchanged versus an upwardly revised 0.6% gain in May. Actual was a 0.2% gain.

Intel advanced $1.37 to $24.00 after reporting higher than consensus second quarter results.

Charles Schwab gained $1.01 to $97.51 after announcing a $20 billion share buyback program

Deckers Outdoor added $8.63 to $113.61 after announcing higher than consensus fiscal first quarter results.

Boston Beer advanced $16.18 to $217.99 after reporting higher than consensus second quarter results.

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EquityClock's Market Outlook for July 25th

Meme-stock craze is broadening, elevating the price of American Eagle (AEO) at a time that is seasonally normal. See:

https://equityclock.com/2025/07/24/stock-market-outlook-for-july-25-2025/

Technical Notes

Financial SPDRs (XLF) moved above $53.27 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until September 15th. See seasonality chart at www.equityclock.com

U. S Infrastructure ETF (PAVE) moved above $45.91 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until the end of August. See seasonality chart at www.equityclock.com

S&P 100 and NASDAQ 100 stocks breaking resistance extending an intermediate uptrend included O'Reilly Automotive (ORLY), PayPal (PYPL), Wells Fargo (WFC), T Mobil (TMUS) and GE Healthcare (GEHC).

Chipotle (CMG) an S&P 100 stock moved below support at $49.97 and $48.72 setting an intermediate downtrend. A response to a disappointing second quarter earnings report!

First Service Corp (FSV.TO) a TSX 60 stock moved above Cdn$248.83 and Cdn$249.19 setting an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 24th 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 24th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 24th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Momentum Leaders Are Rotating Here's How to Find Them: Tom Bowley

Momentum Leaders Are Rotating Here's How to Find Them - YouTube

Mind The Gaps! $GOOGL, $TSLA, $IBM & $CMG Technical Analysis: Guy Adami and Dan Nathan.

Mind The Gaps! $GOOGL, $TSLA, $IBM & $CMG Technical Analysis - YouTube

Watch CNBC’s full interview with U.S. Commerce Secretary Howard Lutnick

Watch CNBC’s full interview with U.S. Commerce Secretary Howard Lutnick - YouTube

Equity markets are full steam ahead for the next 3-4 weeks, says New York Life Investments’ Goodwin

Equity markets are full steam ahead for the next 3-4 weeks, says New York Life Investments’ Goodwin - YouTube

RBC's Lori Calvasina: Theory that tariffs wouldn’t have an impact is not true

Lori Calvasina: Theory that tariffs wouldn’t have an impact are not true - YouTube

CHART THIS with David Keller, CMT Thursday 7/24/25

https://www.youtube.com/watch?v=BfHXu8taeVQ

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.40 to 72.40. It remains Overbought.

The long term Barometer dropped 2.00 to 65.40. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 5.30 to 71.23. It remains Overbought. Daily downtrend resumed.

The long term Barometer slipped 0.08 to 83.02. 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.