Tech Talk for Tuesday July 15th 2025

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

S&P 500 futures added 9 points following release of economic news at 8:30 AM EDT. Consensus for the June Consumer Price Index was a 0.3% increase versus a 0.1% increase in May. Actual was a 0.3% increase. On a year-over-year basis, consensus was a 2.7% increase versus a 2.4% increase in May. Actual was a 2.7% increase. Consensus for the July Empire State Manufacturing Survey was -9.0 versus -16.00 in June. Actual was +5.5

The Canadian Dollar added 0.07 to US73.10 cents following release of Canada's June Consumer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus a 0.6% gain in May. Actual was a 0.1% increase. On a year-over-year basis, June CPI increased 1.9%.

Trade Desk advanced $10.59 to $86.01 on news that its stock will join the S&P 500 Index on Friday.

Nvidia advanced $7.25 to $171.32 after receiving approval from the U.S. government to ship its latest computer chips to China.

Shopify added $0.33 to US$117.07 after Stoffel raised its target price. After the close yesterday Needham raised the stock to buy with a $135 target price. Also Baird raised its target price from $110 to $120. Seasonal influences are favourable until the end of August. See seasonality chart at www.EquityClock.com

EquityClock's Market Outlook for July 15th

Signs of indecision in the market have started to appear as investors show pause amidst tariff woes. See:

https://equityclock.com/2025/07/14/stock-market-outlook-for-july-15-2025/

Technical Notes

Alphabet , an S&P 100 stock extended its intermediate uptrends. GOOG moved above $182.45 and GOOGL moved above $181.00.

Raytheon Technology (RTX) an S&P 100 stock moved above $140.26 to an all-time high extending an intermediate uptrend.

Procter & Gamble (PG) a Dow Jones Industrial Average stock moved below $155.55 completing a long term Head & Shoulders pattern.

Utilities SPDRs (XLU) moved above $82.60 to an all-time high extending an intermediate uptrend

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 14th 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 14th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 14th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Transports Surge and Bitcoin Target of 145,000! Tom Bowley

https://www.youtube.com/watch?v=t0QXUQ3DVOg

Chart Check: Bitcoin, Ethereum & The U.S. Dollar: Guy Adami and Carter Worth

https://www.youtube.com/watch?v=UQtuwzyvqog

Here's What's Fueling the Moves in Bitcoin, Gaming, and Metals: Mary Ellen McGonagle

Here's What's Fueling the Moves in Bitcoin, Gaming, and Metals - YouTube

We'll get ‘surprisingly strong’ bank results, setting the stage for a strong season, says Ed Yardeni

We'll get ‘surprisingly strong’ bank results, setting the stage for a strong season, says Ed Yardeni - YouTube

Here’s why RBC Capital lifted the S&P 500 year-end price target

Here’s why RBC Capital lifted the S&P 500 year-end price target - YouTube

The Three Top Equity Market Themes: Goldman Sachs

The Three Top Equity Market Themes - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.00 to 71.50. It remains Overbought.

The long term Barometer slipped 0.80 to 61.40. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 2.35 to 83.10. It remains Overbought.

The long term Barometer added 0.94 to 81.69. 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.