Tech Talk for Friday August 1st 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 67 points at 8:35 AM EDT. Index futures responded to news on trade tariffs effective today.

S&P 500 futures dropped an additional 10 points following release of the July U.S. Employment Report at 8:30 AM EDT. Consensus for Non-farm Payrolls was 100,000 versus a downwardly revised 14,000 in June. Actual was a 73,000 gain. Consensus for the Unemployment Rate was an increase to 4.2% from 4.1% in June. Actual was an increase to 4.2%. Consensus for Average Hourly Earnings was a 0.3% increase versus a 0.2% increase in June. Actual was a 0.3% increase.

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Apple added $4.38 to $211.95 after reporting higher than consensus fiscal third quarter results.

Amazon dropped $7.14 to $226.97 despite reporting higher than consensus second quarter results. The company also offered third quarter guidance below consensus.

Reddit jumped $29.29 to $190.04 after reporting higher than consensus second quarter results.

EquityClock's Market Outlook for August 1st

August is a rather flat month for the S&P 500 Index with the large-cap benchmark averaging a gain of a mere 0.2% in this eighth month of the year. See:

https://equityclock.com/2025/07/31/stock-market-outlook-for-august-1-2025/

Next Tech Talk Report

Next report will be released on Tuesday, August 5th.  Monday (4th) is a Civic holiday in Canada.

Technical Notes

Agribusiness ETF (MOO) moved below $72.63 completing a short term Head & Shoulders pattern.

Meta Platform (META) a NASDAQ 100 stock moved above $747.90 to an all-time high extending an intermediate downtrend.

Bristol-Myers Squibb (BMY) an S&P 100 stock moved below $43.43 extending an intermediate downtrend.

Colgate Palmolive (CL) an S&P 100 stock moved below $84.34 extending an intermediate downtrend.

Accenture (ACN) an S&P 100 stock moved below $271.83 extending an intermediate downtrend.

Canadian National Railway (CNR.TO) a TSX 60 stock moved below $129.22 extending an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 31st 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 31st 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 31st 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Meta, Microsoft Blow Past Earnings Are These Stock Next? Tom Bowley

Meta, Microsoft Blow Past Earnings Are These Stock Next? - YouTube

RBC Capital Markets’ Calvasina: If you look at valuations modeling, market is way over its skiis

RBC Capital Markets’ Calvasina: If you look at valuations modeling, market is way over its skiis - YouTube

Why August could be a tough month for stocks: Yahoo Finance

Why August could be a tough month for stocks - YouTube

Katie Stockton Charts Yields, S&P 500, Bitcoin & $MSFT

Katie Stockton Charts Yields, S&P 500, Bitcoin & $MSFT - YouTube

Inflation higher than expected, Fed's preferred gauge shows: Rick Santelli

Inflation higher than expected, Fed's preferred gauge shows - YouTube

Tariffs weigh on Fed outlook: Here’s what to know: Steve Leisman

Tariffs weigh on Fed outlook: Here’s what to know - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.40 to 57.20. It changed from Overbought to Neutral on a drop below 60.00. Daily downtrend was extended.

The long term Barometer dropped 3.00 to 57.80. It changed from Overbought to Neutral on a drop below 60.00. Daily downtrend was established.

Short term Barometer plunged 7.40 to 41.20. Daily downtrend was extended.

TSX Momentum Barometers

The intermediate term Barometer was unchanged at 65.57. It remains Overbought.

The long term Barometer slipped 0.94 to 81.60. It remains Overbought.

The short term (20 days) Barometer plunged 10.38 to 41.98

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.