Technical Notes

U.S. Telecommunications iShares (IYZ) moved above $31.77 to an all-time high extending an intermediate uptrend.

General Electric (GE) an S&P 100 stock moved above $281.50 to an all-time high extending an intermediate uptrend.

Chipotle (CMG) a NASDAQ 100 stock moved below $41.18 extending an intermediate downtrend.

PayPal (PYPL) an S&P 100 stock moved below $66.57 extending an intermediate downtrend.

American Tower (AMT) an S&P 100 stock moved below $194.36 extending an intermediate downtrend.

Amgen (AMGN) a NASDAQ 100 stock moved below $279.38 setting an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 4^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 September 4^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 4^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Is a Bear Market Starting? History Says Watch These Months: Tom Bowley

Note comment on U.S. airlines.

Is a Bear Market Starting? History Says Watch These Months – YouTube

Top 10 Charts to Watch September 2025! Dave Keller

Top 10 Charts to Watch September 2025! – YouTube

Can the Fed Calm Investors Before It’s Too Late? Dan Nathan and Peter Boockvar

Can the Fed Calm Investors Before It’s Too Late? – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.00 to 60.00. It return to Overbought on a move to 60.00.

The long term Barometer added 2.20 to 66.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 3.32 to 72.51. It remains Overbought.

The long term Barometer added 0.47 to 82.94. 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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