Pre-opening Comments for Tuesday July 15th
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points at 8:35 AM EDT.
S&P 500 futures added 9 points following release of economic news at 8:30 AM EDT. Consensus for the June Consumer Price Index was a 0.3% increase versus a 0.1% increase in May. Actual was a 0.3% increase. On a year-over-year basis, consensus was a 2.7% increase versus a 2.4% increase in May. Actual was a 2.7% increase. Consensus for the July Empire State Manufacturing Survey was -9.0 versus -16.00 in June. Actual was +5.5
The Canadian Dollar added 0.07 to US73.10 cents following release of Canada’s June Consumer Price Index at 8:30 AM EDT. Consensus was a 0.2% increase versus a 0.6% gain in May. Actual was a 0.1% increase. On a year-over-year basis, June CPI increased 1.9%.
Trade Desk advanced $10.59 to $86.01 on news that its stock will join the S&P 500 Index on Friday.
![clip_image001[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/07/clip_image0011-3.png "clip_image001[1]")
Nvidia advanced $7.25 to $171.32 after receiving approval from the U.S. government to ship its latest computer chips to China.
![clip_image002[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/07/clip_image0021-2.png "clip_image002[1]")
Shopify added $0.33 to US$117.07 after Stoffel raised its target price. After the close yesterday Needham raised the stock to buy with a $135 target price. Also Baird raised its target price from $110 to $120. Seasonal influences are favourable until the end of August. See seasonality chart at www.EquityClock.com
![clip_image003[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/07/clip_image0031-3.png "clip_image003[1]")
EquityClock’s Market Outlook for July 15th
Signs of indecision in the market have started to appear as investors show pause amidst tariff woes. See:
https://equityclock.com/2025/07/14/stock-market-outlook-for-july-15-2025/
Technical Notes
Alphabet , an S&P 100 stock extended its intermediate uptrends. GOOG moved above $182.45 and GOOGL moved above $181.00.
Raytheon Technology (RTX) an S&P 100 stock moved above $140.26 to an all-time high extending an intermediate uptrend.
Procter & Gamble (PG) a Dow Jones Industrial Average stock moved below $155.55 completing a long term Head & Shoulders pattern.
Utilities SPDRs (XLU) moved above $82.60 to an all-time high extending an intermediate uptrend
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 14th 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 14th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 14th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Transports Surge and Bitcoin Target of 145,000! Tom Bowley
https://www.youtube.com/watch?v=t0QXUQ3DVOg
Chart Check: Bitcoin, Ethereum & The U.S. Dollar: Guy Adami and Carter Worth
https://www.youtube.com/watch?v=UQtuwzyvqog
Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals: Mary Ellen McGonagle
Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals – YouTube
We’ll get ‘surprisingly strong’ bank results, setting the stage for a strong season, says Ed Yardeni
Here’s why RBC Capital lifted the S&P 500 year-end price target
Here’s why RBC Capital lifted the S&P 500 year-end price target – YouTube
The Three Top Equity Market Themes: Goldman Sachs
The Three Top Equity Market Themes – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 3.00 to 71.50. It remains Overbought.
The long term Barometer slipped 0.80 to 61.40. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 2.35 to 83.10. It remains Overbought.
The long term Barometer added 0.94 to 81.69. 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.
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July 14th, 2025 at 7:34 pm
Stockcharts finally forced me to switch to their NEW Sharpcharts from their Classic. They wouldn’t support the Classic anymore. Taking time to learn where everything is on the new version but I am finding some features that I like e.g. can set them to update automatically in real time but of course, TSX stocks are still delayed ~ 20 minutes. Still don’t know how to post charts from the new version. Does anyone have any suggestions?
July 15th, 2025 at 7:27 am
NVDA – Heading in to the 170s in premaket today on the US announcement allowing sales of the H20 to China. What a ride it was after the Deep Seek scare and followed by the Trump tariff scare. I have to admit that Trump scared the pants off me in April. I know someone who made a fortune on TSLA. He told me he just bought some shares and put them away for a few years and then was surprised at how much he had made (it hasn’t done much though since the late 2021 peak). The old story once again becomes true with tech that if you give the best names extended periods of time they will produce outsized results if you can handle some volatility Other MAG seven also having great runs like MSFT and META but NVDA is the best performer. Another stock I like providing AI related products and services ins CLS.