Tech Talk for Wednesday May 21st 2025
U.S. equity index futures were lower this morning. S&P 500 futures were down 35 points at 8:30 AM EDT. Futures responded to news that Israel is planning an attack on Iran's nuclear facilities.
Toll Brothers added $5.59 to $110.10 after reporting higher than consensus fiscal second quarter revenues. The company also offered positive guidance.
![clip_image001[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/05/clip_image0011-9.png "clip_image001[1]")
Palo Alto dropped $7.48 to $187.00 after reporting third quarter earnings below consensus
![clip_image002[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/05/clip_image0021-10.png "clip_image002[1]")
Take Two Interactive dropped $8.00 to $229.50 after proposing a $1 billion stock offering.
![clip_image003[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/05/clip_image0031-8.png "clip_image003[1]")
Target dropped $4.42 to $93.70 after reporting less than consensus first quarter results. The company also lowered guidance.
![clip_image004[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/05/clip_image0041-7.png "clip_image004[1]")
EquityClock's Market Outlook for May 21st
Impact of the US debt downgrade is filtering in, pushing the 30-Year T-Yield above 5% and resulting in a rollover of the US Dollar. See:
https://equityclock.com/2025/05/20/stock-market-outlook-for-may-21-2025/
Technical Notes
Platinum ETN $PPLT moved above $91.91 and $96.38 setting an intermediate uptrend.
Global Water ETF $CGW moved above $60.20 to an all-time high extending an intermediate uptrend.
Vietnam ETF $VNM moved above $12.80, $12.89 and $13.00 setting an intermediate uptrend.
Ford $F an S&P 100 stock moved above $10.82 resuming an intermediate uptrend.
Canadian Imperial Bank of Commerce $CM.TO a TSX 60 stock moved above Cdn$93.38 to an all-time high resuming an intermediate uptrend.
Rogers Communications $RCI.B.TO a TSX 60 stock moved above Cdn$36.19 completing a double bottom pattern..
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 20th 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 May 20th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 20th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Not All Price Gaps Are the Same! Here’s What You Need to Know: David Teller
https://www.youtube.com/watch?v=phEJMi4u8-s
Market Call: Eric Nuttall’s outlook on energy stocks
Market Call: Eric Nuttall’s outlook on energy stocks - YouTube
Earnings preview for Canadian banks
Earnings preview for Canadian banks - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 0.20 to 79.20. It remains Overbought.
The long term Barometer slipped 0.80 to 56.20. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer added 5.53 to 83.41. It remains Overbought. Daily uptrend was extended.
The long term Barometer added 3.69 to 69.59. It remains Overbought. Daily uptrend was extended.
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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