Technical Notes

Software iShares (IGV) moved below $108.06 and $107.39 completing a short term Head & Shoulders pattern. A major reason why the technical score for XLK dropped from 2 to -2!

Merck (MRK) a Dow Jones Industrial Average stock moved above $85.22 completing a reverse Head & Shoulders pattern.

CSX (CSX) a NASDAQ 100 stock moved above $36.68 extending an intermediate uptrend.

S&P/TSX REIT iShares (XRE.TO) moved above $16.11 extending an intermediate uptrend. Benefitting from lower long term Canadian bond yields!

Loblaw Companies (L-TO) a TSX 60 stock moved above Cdn$58.64 to an all-time high extending an intermediate uptrend.

FirstService Corp (FSV.TO) a TSX 60 stock moved above Cdn$276.90 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 19^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 August 19^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 19^th 2025

Green: Increase from previous day

Red: Decrease from previous day

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Where this top-rated Morningstar fund is finding opportunities, with geopolitics playing a big role

Where this top-rated Morningstar fund is finding opportunities, with geopolitics playing a big role – YouTube

Peter Boockvar: Are Central Banks Losing Grip?

https://www.youtube.com/watch?v=Ic6OEBRItdI

S&P 500 Momentum Barometers

The intermediate term Barometer gained 4.20 to 63.80. It changed from Neutral to Overbought on a move above 60.00.

The long term Barometer added 3.20 to 64.20. It remained Overbought.

TSX Momentum Barometers

The long term Barometer dropped 3.79 to 63.98. It remains Overbought.

The long term Barometer added 1.42 to 81.04. 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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