Tech Talk for Tuesday September 16th 2025

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

S&P 500 futures added 1 point following release of August U.S. Retail Sales at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.5% gain in July. Actual was a 0.6% gain. Excluding auto sales, consensus was a 0.4% gain versus a 0.3% increase in July. Actual was a 0.7% gain.

The Canadian Dollar was unchanged at US72.67 cents following release of Canada's August Consumer Price Index at 8:30 AM EDT. Consensus was a 0.1% increase versus a 0.3% gain in July. Actual was a 0.1% drop.

Alphabet (GOOGL) added $2.27 to $253.88 surpassing the $3 trillion market value.

Chipotle gained $0.62 to $39.20 after announcing a $500 million share buyback program.

Warner Brothers Discovery dropped $0.36 to $19.10 after TD Cowen downgraded the stock.

EquityClock's Market Outlook for September 16th

The VIX just did something rare, closing firmly higher during a positive session in the equity market. See:

https://equityclock.com/2025/09/15/stock-market-outlook-for-september-16-2025/

Technical Notes

Base metal stocks and related ETFs (e.g. XBM.TO in Canada and PICK in the U.S) continued moving higher. Their historic period of seasonal strength from October 5th to January 7th is approaching. Technical signs of an earlier-than-usual period of seasonal strength have arrived. Southern Copper (SCCO) one of the world's largest copper miners moved above $108.50 extending an intermediate uptrend. Seasonal influences on a real and relative basis are favourable until April 12th. See seasonality chart at www.EquityClock.com. Teck Resources (TECK) a TSX 60 stock moved above US$42.25 extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving below support extending an intermediate downtrend included Texas Instruments (TXN) on a move below $177.92, Intuit (INTU) on a move below $642.52, Colgate Palmolive (CL) on a move below $82.40, Verisk (VRSK) on a move below $258.57, Accenture (ACN) on a move below $236.67, Paychex (PAYX) on a move below $133.03

ASML (ASML) a NASDAQ 100 stock moved above $824.46 extending an intermediate uptrend.

George Weston (WN.TO) a TSX 60 stock moved below Cdn$85.89 and $84.62 setting an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 15th 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 September 15th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 15th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Nasdaq Signal Has Only Been Triggered 4 Previous Times In The Last 23 Years

Nasdaq Signal Has Only Been Triggered 4 Previous Times In The Last 23 Years - YouTube

A short term warning from Larry McDonald: The MAG7 crash is coming

https://www.youtube.com/shorts/Sz1ciOMyWMM

CHART THIS with David Keller, CMT Monday 9/15/25

https://www.youtube.com/watch?v=mqTVP6PYilY

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.60 to 56.80. It returned to Neutral from Overbought on a fall below 60.00.

The long term Barometer dropped 2.00 to 63.20. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 0.48 to 74.29. It remains Overbought. Daily uptrend was extended.

The long term Barometer added 0.48 to 84.29. 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.