Tech Talk for Friday June 27th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT.

S&P 500 futures slipped 4 points following release of economic news at 8:30 AM EDT. Consensus for May Core PCE Price Index was a 0.1% gain versus a 0.1% gain in April. Actual was a 0.2% gain. On a year-over-year basis, consensus was a 2.6% gain. Actual was a 2.7% gain. Consensus for May Personal Income was a 0.3% increase versus a 0.8% in April. Actual was down 0.4%. Consensus for May Personal Spending was a 0.2% increase versus a 0.2% increase in April. Actual was a 0.1% drop.

The Canadian Dollar was unchanged at US 73.28 cents following release of Canada' s April GDP report. Consensus was unchanged versus a 0.1% increase in March. Actual was a 0.1% gain.

S&P 500 Index is scheduled to open at an all-time high. Previous all-time inter-day high was 6,147.43

Nike added $2.78 to $65.20 after offering positive fiscal first quarter guidance.

Boeing added $2.08 to $204.16 after Redburn upgraded the stock from Neutral to Buy.

EquityClock's Market Outlook for June 27th

Tariff-front running has come to an end, but there are a few segments of the manufacturing economy that are still flourishing, demanding attention in portfolios. See:

https://equityclock.com/2025/06/26/stock-market-outlook-for-june-27-2025/

Technical Notes

U.S. Bank stocks and related ETFs, that moved above resistance extending intermediate uptrends, included S&P Bank SPDRs (KBE) on a move above $55.10, Citigroup (C ) on a move above $84.07, Bank of America (BAC) on move above $47.40 (all-time high) and Capital One on a move above $210.00

Global Base Metal stocks and related ETFs, that moved above resistance extending intermediate uptrends, included Base Metals iShares (XBM.TO) on a move above Cdn$19.70, BMO Equal Weight Base Metals ETF (ZMT.TO), Teck Resources (TECK.B) on a move above Cdn$54.18, First Quantum Minerals (FM.TO) on a move above Cdn$23.28, Southern Copper on a move above $101.84, HudBay Minerals on a move above Cdn$13.93, Lundin Mining (LUN.TO) on a move above Cdn$14.67 and Freeport McMorran (FCX) on a move above $43.35. Trigger for the move was strength in copper prices above $5.04 per lb.

Steel ETF (SLX) moved above $66.12 extending an intermediate uptrend.

Australia iShares $EWA moved above $26.37 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 26th 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 June 26th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 26th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

From Drift to Lift: Spotting Breakouts Before Momentum Hits: Joe Rabil

From Drift to Lift: Spotting Breakouts Before Momentum Hits - YouTube

Stocks Rise as S&P 500 Nears Record High | Live Stream: Guy Adami and Dan Nathan

Stocks Rise as S&P 500 Nears Record High | Live Stream - YouTube

Brad Simpson on the Middle East, market reactions and the implications for investors

Brad Simpson on the Middle East, market reactions and the implications for investors - YouTube

Detrick: July is the best month for stocks in a post-election year

Detrick: July is the best month for stocks in a post-election year - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.00 to 70.60. It remains Overbought.

The long term Barometer added 3.60 to 54.40. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 3.44 to 86.85. It remains Overbought.

The long term Barometer added 2.34 to 77.00. 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.