Tech Talk for Thursday October 30th 2025
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT
Microsoft (MSFT) dropped $11.51 to $529.81 after reporting less than consensus fiscal first quarter results.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/10/clip_image0014-3.png "clip_image001[4]")
Meta Platforms (META) dropped $50.00 to $701.40 after reporting lower than consensus profit margins in the third quarter.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/10/clip_image0024-4.png "clip_image002[4]")
Alphabet (GOOG) advanced $14.63 to $289.80 after reporting higher than consensus third quarter revenues.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/10/clip_image0034-3.png "clip_image003[4]")
Chipotle dropped $5.76 to 34.00 after reporting lower than consensus third quarter revenues.
.![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/10/clip_image0044-1.png "clip_image004[4]")
EquityClock's Market Outlook for October 30th
The surge in shares of Caterpillar since April bodes well for the seasonal trade in Emerging Markets this fall and winter. See:
https://equityclock.com/2025/10/29/stock-market-outlook-for-october-30-2025/
Responses to FOMC news released yesterday at 2:00 PM EDT
The FOMC lowered its Fed Fund Rate by 0.25% to 3.75%-4.00% as expected. It also announced plans to end its "Quantitative Tightening" program on December 1st. In addition, a future reduction in the Fed Fund Rate at the next FOMC meeting scheduled on December 10th is "not a forgone conclusion" partially due to a lack of reliable available economic data related to the federal government shut down. Responses in key markets after 2:00 PM EDT were as follows:
Price on U.S. Aggregate Bond iShares (AGG) dropped
S&P 500 Index initially dropped but recovered to a small loss.
U.S. Dollar Index ETN (UUP) advanced
Large cap U.S. money center SPDRs (KBE) dropped
Gold SPDRs dropped
The Canadian Dollar dropped
Technical Notes
Global Metals iShares (PICK) moved above $46.02 to an all-time high extending an intermediate uptrend.
Broadcom (AVGO) moved above $373.59 to an all-time high extending an intermediate uptrend.
S&P 100 and NASDAQ 100 stock breaking support extending an intermediate downtrend included Mondelez (MDLZ) on a move below $58.90, ADP (ADP) on a move below $269.86, Costar (CSGP) on a move below $119.02, Verisk (VRSK) on a move below $215.39 and Cintas on a move below $179.74
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Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for October 29th 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 October 29th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 29th 2025
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 6.00 to 41.80. It remains neutral.
The long term Barometer dropped 6.20 to 55.80. It changed from Overbought to Neutral on a move below 60.00.
TSX Momentum Barometers
The intermediate term Barometer dropped 4.69 to 58.22. It changed from Overbought to Neutral on a drop below60.00.
The long term Barometer dropped 1.41 to 79.81. 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
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