Responses to the FOMC decision on interest rates
At 2:00 PM EDT on Wednesday, the FOMC announced that it will maintain its Fed Fund Rate at 4.25%-4.50%. Responses by markets were as follows:
S&P 500 Index dropped
Prices of major U.S. Bank stocks and related ETFs were notably lower.
Yield on 10 year Treasuries increased
The U.S. Dollar Index ETN moved higher
The Canadian Dollar moved lower
Gold and gold equity ETFs in U.S. Dollars moved lower
Technical Notes
Bank of New York Mellon (BK) an S&P 100 stock moved above $90.62 to an all-time high extending an intermediate uptrend.
Charles Schwab (SCHB) an S&P 100 stock moved above $89.85 extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: https://charts.equityclock.com/schwab-us-broad-market-etf-nyseschb-seasonal-chart
McDonald’s (MCD) a Dow Jones Industrial Average stock moved below $288.86 completing a double top pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 18th 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 June 18th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 18th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
3 S&P 500 Charts That Point to the Next Big Move: Frank Capperelli
3 S&P 500 Charts That Point to the Next Big Move – YouTube
Expect a period of pullback over the summer: Lewenza
Expect a period of pullback over the summer: Lewenza – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 1.80 to 66.40. It remains Overbought. Daily trend has turned down.
The long term Barometer slipped 0.40 to 48.60. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 2.30 to 87.10. It remains Overbought and has rolled over.
The long term Barometer slipped 0.92 to 74.65. It remains Overbought and has rolled over.
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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Equity Clock Publications