Pre-opening Comments for Friday June 13^th

U.S. equity index futures were sharply lower this morning. S&P 500 futures plunged 52 points at 8:30 AM EDT. Futures responded to Israel’s attack on Iran’s military and nuclear facilities and to Iran’s drone counterattack.

WTI Crude Oil advanced $5.51 to $73.55 per barrel on news of growing Middle East conflict.

Gold advanced $36.60 to $3,418.87per ounce on news of growing Middle East conflict.

Adobe added $0.32 to $414.00 after reporting higher than consensus fiscal second quarter results. The company also raised guidance. Seasonal influences are favourable until August 10^th. See: https://charts.equityclock.com/seasonal_charts/ADBE.png

RH Inc. added $32.74 to $209.61 after reporting higher than consensus first quarter results.

EquityClock’s Market Outlook for June 13^th

Excluding the extraordinary events surrounding the pandemic in 2020, initial jobless claims are showing the mildest drawdown through the start of June on record, highlighting growing strains in the labor market. See:

https://equityclock.com/2025/06/12/stock-market-outlook-for-june-13-2025/

Technical Notes

U.S. Dollar Index $USD moved below 97.92 to a three year low extending an intermediate downtrend.

Energy SPDRs (XLE) moved above $86.44 extending an intermediate uptrend. Responded to U.S. Dollar weakness!

ExxonMobil (XOM) a Dow Jones Industrial Average stock moved above $109.50 resuming an intermediate uptrend. Strength was helped by an advance by its subsidiary company, Imperial Oil on a move above Cdn$106.67 to an all-time high.

ConocoPhillips (COP) an S&P 100 stock moved above $94.28 completing a double bottom pattern

Technology SPDRs (XLK) moved above $242.71 to an all-time high extending an intermediate uptrend. Seasonal influences on a real and relative basis are favourable until the end of August. See: https://charts.equityclock.com/technology-sector-seasonal-chart

A key stock triggering an advance by the Technology SPDRs to an all-time high was Oracle. The stock (ORCL) moved above $197.12 to an all-time high extending an intermediate uptrend. The stock responded to higher than consensus earnings!

T-Mobil (TMUS) an S&P 100 stock moved below $229.79 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 12^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 June 12^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 12^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Anatomy of a Winning Trade: Spot the Breakout Before It Happens: Tom Bowley

https://www.youtube.com/watch?v=ASQiOAEJ66A

Cole Smead: The Market is Dead Wrong on Canadian Energy

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

RRG Update: Is Tech Ready to Break Out?

RRG Update: Is Tech Ready to Break Out? – YouTube

The Fed’s 2025 rate path. Here’s the latest: Steve Leasman

The Fed’s 2025 rate path. Here’s the latest – YouTube

CHART THIS with David Keller, CMT Thursday 6/12/25

https://www.youtube.com/watch?v=Jz7tCQYulfU

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.20 to 79.60. It remains Overbought.

The long term Barometer added 0.80 to 53.80. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 2.76 to an all-time high at 92.63. It remains Overbought. Daily uptrend was extended.

The long term Barometer added 1.38 to 78.80. It remains Overbought. Daily uptrend was extended.

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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