Pre-opening Comments for Thursday May 15^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:35 AM EDT.

S&P 500 futures recovered 7 points following release of economic news at 8:30 AM EDT. Consensus for April U.S. Producer Prices was a 0.3% increase versus a 0.4% gain in March. Actual was a 0.5% drop. Excluding food and energy, consensus for April U.S. Producer Prices was a 0.3% gain versus a 0.1% gain in March. Actual was a 0.4% drop. Consensus for April U.S. Retail Sales was 0.1% versus a 1.5% gain in March. Actual was a 0.1% gain.

Wal-Mart added $2.14 to $98.94 after reporting higher than consensus first quarter earnings.

Footlocker jumped $9.13 to $22.00. Dick’s Sporting Goods has offered to purchase the company for $24.00 per share.

Cisco added $1.21 to $62.50 after reporting higher than consensus third quarter revenues. The company also raised guidance.

EquityClock’s Market Outlook for May 15^th

Despite all of the volatility and wild swings in stocks this year, the performance of the S&P 500 Index is right about at the point that we expected it to be 20 weeks into this post presidential election year. See:

https://equityclock.com/2025/05/14/stock-market-outlook-for-may-15-2025/

Technical Notes

Performance by S&P 500 Index returned to positive for 2025. Yesterday, it moved above its December 31^st 2024 close at 5,881.63.

South Korea iShares $EWY moved above $58.53 resuming an intermediate uptrend.

Chipotle Mexican Grill $CMG a NASDAQ 100 stock moved above $52.32 completing a reverse Head & Shoulders pattern.

Healthcare SPDRs $XLV moved below $129.66 to a 21 month low extending an intermediate downtrend.

U.S. utilities equities and ETFs are under technical pressure. Duke Energy $DUK, Southern Companies $SO and Exelon $EXC completed double top patterns. Southern Companies and Exelon were downgraded by KeyBanc to Underweight.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 14^th 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 14^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 14^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

NVDA & AMD Price Target Raises, SMCI Soaring Shows A.I. Retaking Leadership

NVDA & AMD Price Target Raises, SMCI Soaring Shows A.I. Retaking Leadership – YouTube

Why this strategist expects profit growth to be ‘resilient,’ but is still ‘cautious near term’

Why this strategist expects profit growth to be ‘resilient,’ but is still ‘cautious near term’ – YouTube

Jim Cramer talks energy stocks he is watching. Note comment on Enbridge

Jim Cramer talks energy stocks he is watching – YouTube

The bullish case for gold continues: Lyle Stein

The bullish case for gold continues – YouTube

How to Use Relative Strength in a Volatile Market: Joe Rabil

https://www.youtube.com/watch?v=T0DwR4FusiE

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.40 to 64.40. It remains Overbought.

The long term Barometer dropped 1.00 to 51.40. It remains Neutral.

The short term (20 days) Barometer fell another 4.60 to 71.60, down from 86.60 on May 2^nd .

TSX Momentum Barometers

The intermediate term Barometer dropped 4.13 to 74.77. It remains Overbought.

The long term Barometer dropped 1.38 to 64.22. It remains Overbought.

The short term Barometer plunged from 87.61 on Monday to 70.18 yesterday.

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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