Tech Talk for Friday May 16th 2025

Equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:35 AM EDT.

S&P 500 futures slipped 4 points following release of U.S. April Housing Starts at 8:30 AM EDT. Consensus was an increase to 1.370 million units from 1.324 million units in March. Actual was 1.361 million units

Today is the last trading day for listed May options, futures and futures options. Look for volume on North American exchanges to be significantly higher than average.

Applied Materials dropped $8.87 to $165.88 after reporting less than consensus fiscal second quarter revenues.

Take Two Interactive dropped $6.44 to $225.90 after reporting less than consensus fiscal fourth quarter earnings.

Cava Group dropped $4.46 to $94.61 after reporting less than consensus first quarter profit margins.

Berkshire Hathaway recently completed significant changes in its investment portfolio. Additions included Constellation Brands (STZ), SCP Pool (POOL), Domino's Pizza (DPZ) and Heico (HEI). Reductions included Citigroup ( C ), Bank of America (BAC) and Capital One (COF)

EquityClock's Market Opinion for May 16th

Consumer is holding up, but are prioritizing purchases of essentials over discretionary goods. See:

https://equityclock.com/2025/05/15/stock-market-outlook-for-may-16-2025/

Technical Notes

TSX Composite Index moved above 25,875.61 to an all-time high extending an intermediate uptrend. Trend improved from neutral to up.

IBM $IBM a Dow Jones Industrial Average stock moved above $264.69 to an all-time high extending an intermediate uptrend.

NetEase $NTES a NASDAQ 100 stock moved above $114.00 extending an intermediate uptrend.

Charter Communications $CHTR an S&P 100 stock moved above $415.27 extending an intermediate uptrend.

SNC Lavalin $ATRL.TO a TSX 60 stock moved above Cdn$83.92 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

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

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 15th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

How to Use Relative Strength in a Volatile Market: Joe Rabil

How to Use Relative Strength in a Volatile Market - YouTube

We could see a new low relative to the April low, says Fairlead’s Katie Stockton

We could see a new low relative to the April low, says Fairlead’s Katie Stockton - YouTube

After Rally in U.S. Stocks… 4 Red Flags Are Flashing: Tom Bowley

After Rally in U.S. Stocks… 4 Red Flags Are Flashing - YouTube

Looking at Mark Carney’s economic policies

Looking at Mark Carney’s economic policies - YouTube

S&P/TSX composite index hits intraday record

S&P/TSX composite index hits intraday record - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 8.80 to 73.20, a new recent high. It remains Overbought.

The long term Barometer added 4.20 to 55.60. It remains Neutral. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 3.11 to 77.88. It remains Overbought.

The long term Barometer added 0.76 to 64.98. It remains Overbought.

Next Tech Talk report

Next report is scheduled for release on Tuesday May 20th. The Toronto Exchange is closed on Monday.

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.