Tech Talk for Thursday June 12th 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:35 AM EDT.

S&P 500 futures recovered 8 points following release of the May U.S. Producer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus a 0.5% drop in April. Actual was a 0.1% gain. On a year-over-year basis, May PPI was expected to increase 2.6% versus 2.4% in April. Actual was a 2.6% increase. Excluding food and energy, May PPI was expected to increase 0.3% versus a 0.4% drop in April. Actual was a 0.1% gain. On a year-over-year basis, May PPI was expected to increase 3.0% versus 3.1% in April. Actual was a 3.0% increase.

Oracle advanced $11.52 to $187.90 after reporting higher than consensus fiscal fourth quarter earnings.

GameStop dropped$3.19 to $25.36 on reports that the company is planning an additional convertible bond issue.

Boeing dropped $16.50 to $197.50 after a 787 aircraft crashed.

EquityClock's Market Outlook for June 12th

The report on Consumer Prices tells the story of where to invest in the uncertain market and economy. See:

https://equityclock.com/2025/06/11/stock-market-outlook-for-june-12-2025/

Technical Notes

S&P Oil & Gas SPDRs (XOP) moved above $128.32 extending an intermediate uptrend.

Gasoline ETN $UGA moved above $61.52 extending an intermediate uptrend. Responding to higher crude oil prices!

Hong Kong iShares (EWH) moved above $20.85 to a 28 month high resuming an intermediate uptrend. Responding to the U.S./China trading agreement! Seasonal influences are favourable until the end of July. See: https://charts.equityclock.com/ishares-msci-hong-kong-etf-nyseewh-seasonal-chart

Nikkei Average $NIKK) moved above 38,494.86 completing a reverse Head & Shoulders pattern.

DR Horton (DHI) a NASDAQ 100 stock moved above $128.67 completing a double bottom pattern. Seasonal influences are favourable on a real and relative basis until mid-September. See:

https://charts.equityclock.com/d-r-horton-inc-nysedhi-seasonal-chart

Lam Research (LRCX) a NASDAQ 100 stock moved above $91.44 extending an intermediate uptrend.

Shopify (SHOP.TO) a TSX 60 stock moved above $156.99 extending an intermediate uptrend.

Seasonal influences are favourable on a real and relative basis until the end of August. See:

https://charts.equityclock.com/shopify-inc-tseshop-to-seasonal-chart

CGI Group (GIB) a TSX 60 stock moved above US$51.01 extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 11th 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 11th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 11th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Is the S&P 500 Flashing a Bearish Divergence? Dave Keller

Is the S&P 500 Flashing a Bearish Divergence? - YouTube

S&P 500 Nears All-Time High: What Happens Next? Guy Adami and Dan Nathan

S&P 500 Nears All-Time High: What Happens Next? - YouTube

Fundstrat’s Tom Lee: 5 reasons we are in a new bull market and 5 areas of opportunity

Fundstrat’s Tom Lee: 5 reasons we are in a new bull market and 5 areas of opportunity - YouTube

10 year yield warning points to a major shift: Joe Rabil

StockCharts TV | StockCharts.com

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 1.80 to 76.40. It remains Overbought.

The long term Barometer dropped 1.20 to 53.20. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer dropped 1.84 to 89.86. It remains Overbought.

The long term Barometer dropped 1.38 to 77.42. 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.