Tech Talk for Wednesday July 30th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.

Focus today is on interest rates set by the Bank of Canada and the FOMC. Rates are expected to be unchanged, but guidance could move equity prices.

Visa dropped $12.05 to $339.24 after reporting less than consensus fiscal third quarter results. The company also offered fourth quarter guidance below consensus.

Starbucks gained $4.19 to $97.15 after reporting higher than consensus fiscal third quarter revenues.

Electronic Arts added $2.21 to $150.00 after reporting higher than consensus fiscal first quarter results.

Garmin advanced $11.91 to $251.21 after reporting higher than consensus second quarter results. The company also raised guidance.

EquityClock's Market Comment for July 30th

Hints of a defensive shift in the market are emerging. See:

https://equityclock.com/2025/07/29/stock-market-outlook-for-july-30-2025/

Technical Notes

Advanced Micro Devices (AMD) an S&P 100 stock moved above $174.05 extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until September 15th. See seasonality chart at www.EquityClock.com

Palo Alto Networks (PANW) a NASDAQ 100 stock moved above $208.39 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until September 15th. See seasonality charts at www.EquityClock.com

Synopsys (SNPS) a NASDAQ 100 stock moved above $629.38 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until the end of August. See seasonality chart at www.EquityClock.com

Chipotle (CMG) a NASDAQ 100 stock moved below $44.46 extending an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 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 July 29th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 29th 2025

Green: Increase from previous day

Red: Decrease from previous day

Link offered by a valued provider

Sector Rotation: What’s Working, and What’s Not? David Keller

(Editor's note: Taped four years ago. It still works. Similar to Technical Scores provided daily in Tech Talk)

https://www.youtube.com/watch?v=80VduwQrAtg

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.40 to 67.40. It remains Overbought.

The long term Barometer added 0.20 to 64.40. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 1.42 to 71.23. It remains Overbought.

The long term Barometer added 0.94 to 83.96, highest level since December 2020. 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.