Technical Notes
Yield on 10 year U.S. Treasuries dropped below 3.99% to a six month low extending an intermediate downtrend.
Zions Bancorp (ZION) plunged $7.14 to $46.89 (i.e. below support at $50.24) extending an intermediate downtrend. The Bank admitted to a $50 million loss from two accounts. Western Alliance (WAL) plunged $8.84 to $70.00 on concern that a revolving credit note to a major customer is in jeopardy. The news impacted the U.S. regional bank sector: Regional Banking SPDRs (KRE) plunged $3.84 to $58.14
Barrick Gold (ABX.TO) a TSX 60 stock moved above Cdn$49.92 to an all-time high extending an intermediate uptrend.
ADP (ADP) a NASDAQ 100 stock moved below $282.27 extending an intermediate downtrend.
Verisk Analytics (VRSK) a NASDAQ 100 stock moved below $239.83 extending an intermediate downtrend.
Okta (OKTA) a NASDAQ 100 stock moved below $87.24 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for October 16th 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 October 16th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for October 16th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Investor Education Month: Using technical analysis to build your trading skills
Investor Education Month: Using technical analysis to build your trading skills – YouTube
Prediction Markets on Government Shutdown, TSM Earnings & CRM Guidance Hike: Schwab Network
Prediction Markets on Government Shutdown, TSM Earnings & CRM Guidance Hike – YouTube
MRKT Call – Thursday, October 16th: Dan Nathan and Liz Thomas
https://www.youtube.com/watch?v=A5_wmFycUmA
Gary Wagner: A Correction is coming for Gold, But This is The Level to Watch: Kitco News
https://www.youtube.com/watch?v=C4GWFRKEQ5M
S&P 500 Momentum Barometers
The intermediate term Barometer plunged 8.60 to 41.20. It remains Neutral.
The long term Barometer dropped 3.60 to 59.20. It changed from Overbought to Neutral on a drop below 60.00.
TSX Momentum Barometers
The intermediate term Barometer dropped 5.61 to 64.95. It remains Overbought. Daily downtrend was established.
The long term Barometer dropped 1.87 to 80.37. It remains Overbought. Daily downtrend was established.
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