Pre-opening Comments for Thursday August 7th
U.S. equity index futures were higher this morning. S&P 500 futures were up 36 points at 8:30 AM EDT.
Nutrien added $1.35 to US$59.30 after reporting higher than consensus second quarter results.
![clip_image001[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0011.png "clip_image001[1]")
Door Dash added $7.77 to $265.85 after reporting higher than consensus second quarter revenues and earnings.
![clip_image002[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0021.png "clip_image002[1]")
AirBNB dropped $8.04 to $122.46 after issuing a cautious third quarter outlook.
![clip_image003[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0031.png "clip_image003[1]")
Lyft dropped $0.50 to $13.49 after reporting second quarter revenues below consensus.
![clip_image004[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0041.png "clip_image004[1]")
EquityClock’s Market Outlook for August 7th
US stocks setting up to roll over, while Canadian stocks seeing new life thanks to this Accumulate listed candidate. See:
https://equityclock.com/2025/08/06/stock-market-outlook-for-august-7-2025/ Technical Notes
Silver Mining ETF (SIL) moved above $51.74 to an all-time high extending an intermediate uptrend.
Wal-Mart (WMT) a Dow Jones Industrial Average stock moved above $100.89 extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until November 14th. Note seasonality chart at www.EquityClock.com
Match (MTCH) a NASDAQ 100 stock moved above $36.09, $38.09 and $38.16 extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until September 27th. See seasonality chart at www.EquityClock.com
Royal Bank (RY.TO) a TSX 60 stock moved above Cdn$181.56 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until November 30th. See seasonality chart at www.EquityClock.com
TSX Information Technology iShares (XIT.TO) moved above Cdn$77.59 to an all-time high. Reflecting strength in its largest holding: Shopify! Seasonal influences are favourable on a real and relative basis until at least August 31st. See seasonality chart at www.EquityClock.com
Shopify (SHOP.TO) a TSX 60 stock moved above Cdn$183.53 to a four year high extending an intermediate uptrend. Responded to stronger than consensus revenues and earnings! The company also offered positive guidance. Became the largest weight in the TSX Composite Index and S&P/TSX 60 Index, surpassing Royal Bank! Seasonality influences are favourable until August 31st. See seasonality chart at www.EquityClock.com
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 6th 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 August 6th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 6th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Shopify overtakes RBC as most influential stock
Shopify overtakes RBC as most influential stock – YouTube
Top 10 Stock Charts for August 2025 You Need to Watch Now: David Keller
Top 10 Stock Charts for August 2025 You Need to Watch Now – YouTube
We’re still in a global bull-market, but expect turbulence in August, says Carson’s Ryan Detrick
Top 10 Charts to Watch August 2025! Grayson Roze
Top 10 Charts to Watch August 2025! – YouTube
Tariffs beginning to impact markets: Green
Tariffs beginning to impact markets: Green – YouTube
Morgan Stanley’s Wilson On Where he sees opportunities in this market
Morgan Stanley’s Wilson On Where he sees opportunities in this market – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 4.20 to 51.00. It remains neutral.
The long term Barometer dropped 0.60 to 56.60. It remains neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 1.89 to 66.51. It remains Overbought.
The long term Barometer was unchanged at 82.55. 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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Equity Clock Publications