Tech Talk for Wednesday June 18th 2025

June 17, 2025 / timingthemarket.ca / Article Link

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

S&P 500 futures were unchanged following release of U.S. May Housing Starts at 8:30 AM EDT. Consensus calls for a drop to 1.350 million units from 1.361 million units in April. Actual was a drop to 1.256 million units

The Federal Reserve's decision on the Fed Fund Rate is released at 2:00 PM EDT. Consensus calls for no change at 4.50%.

U.S. equity exchanges are closed tomorrow for the Juneteenth holiday.

Oracle added $1.82 to $210.00 after Guggenheim upgraded the stock.

clip_image001[4]

EquityClock's Market Outlook for June 18th

Pre-tariff front-running has come to an end and the consumer is showing evidence of pulling back. See:

https://equityclock.com/2025/06/17/stock-market-outlook-for-june-18-2025/

CHART THIS with David Keller, CMT Tuesday 6/17/25

https://www.youtube.com/watch?v=O3wbFYJeey0

Technical Notes

Oil & Gas Exploration SPDRs (XOP) moved above $135.46 extending an intermediate uptrend.

clip_image001

Copart $CPRT a NASDAQ 100 stock moved below $48.05 extending an intermediate downtrend.

clip_image002

Thermo Fisher Scientific (TMO) an S&P 100 stock moved below $390.09 extending an intermediate downtrend.

clip_image003

Constellation Software (CSU.TO) a TSX 60 stock moved below $4,791.58 completing a double top pattern.

clip_image004

Trader's Corner

clip_image006

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 17th 2025

clip_image008

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 17th 2025

clip_image010

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 17th 2025

clip_image012

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Silver Pops & VIX Backwardation: What to Watch as SPX Slumps: Schwab Network

Silver Pops & VIX Backwardation: What to Watch as SPX Slumps - YouTube

Israel-Iran Conflict: What Investors Need To Know | Stock Market Live Stream: Guy Adami and Dan Nathan

Israel-Iran Conflict: What Investors Need To Know | Stock Market Live Stream - YouTube

S&P 500 Momentum Barometers

clip_image013

The intermediate term Barometer dropped 6.40 to 68.20. It remains Overbought. Daily downtrend likely has started.

clip_image014

The long term Barometer dropped 4.00 to 49.00. It remains Neutral.

The short term (20 days) Barometer plunged 14.20 to 39.40.

TSX Momentum Barometers

clip_image015

The intermediate term Barometer dropped 1.38 to 88.48. It remains Overbought. Early signs of a rollover have appeared.

clip_image016

The long term Barometer was unchanged at 76.50. It remains Overbought.

The short term (20 days) Barometer plunged 6.07 to 69.12/

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.


More from the network:


Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok