Tech Talk for Thursday July 10th 2025

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Pre-opening Comments for Thursday July 10th

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:30 AM EDT.

Costco gained $10.91 to $993.00 after announcing acceleration in month to month sales growth in June.

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WK Kellogg jumped $8.67 to $26.17 on news that the company is near a deal to be purchased by Ferrero.

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Delta Airlines advanced $5.76 to $56.46 after reporting higher than consensus second quarter results. The company also offered positive guidance.

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Roku advanced $2.68 to $91.31 following an upgrade by KeyBanc to Overweight.

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EquityClock’s Market Outlook for July 10th

The seasonal timeline is transitioning into a risk-off phase. See:

https://equityclock.com/2025/07/09/stock-market-outlook-for-july-10-2025/

Technical Notes

MMM (MMM) a Dow Jones Industrial Average stock moved above $155.59 to a seven year high extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See www.equityclock.com.

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Costar Group (CSGP) a NASDAQ 100 stock moved above $83.68 extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: www.equityclock.com

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Share value of Nvidia (NVDA) briefly exceeded $4 trillion, an all-time high for an individual equity. Seasonal influences are favourable until the end of August. See: www.equityclock.com

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Vietnam ETF (VNM) moved above $14.84 to a 3 year high extending an intermediate uptrend.

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Trader’s Corner

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Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 9th 2025

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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 July 9th 2025

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Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July 9th 2025

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Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Wolf on Bay Street for July 5th (includes interview with Don Vialoux)

(1) The Wolfgang Klein Show | Global News

Stocks Rebound After Tariff Turmoil: Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=Qsyn8ub82g4

U.S. refined copper imports have surged: Baretto

U.S. refined copper imports have surged: Baretto – YouTube

Breakout Watch: One Stock in Each Sector to Watch Now: David Keller

Breakout Watch: One Stock in Each Sector to Watch Now – YouTube

50% Tariff Hike on Copper, Moving Past the July 9th Deadline

50% Tariff Hike on Copper, Moving Past the July 9th Deadline – YouTube

Brian Belski: 6700 SPX Calls, Tax Bill Tailwinds & Blowoff Top Potential

Brian Belski: 6700 SPX Calls, Tax Bill Tailwinds & Blowoff Top Potential – YouTube

S&P 500 Momentum Barometers

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The intermediate term Barometer added 0.40 to 74.40. It remains Overbought.

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The long term Barometer added 0.60 to 62.60. It remains Overbought.

TSX Momentum Barometers

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The intermediate term Barometer added 0.94 to 84.04. It remains Overbought.

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The long term Barometer dropped 1.41 to 79.81. 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.




3 Responses to “Tech Talk for Thursday July 10th 2025”

  1. Bman/Van Says:

    Utilities have performed well so far this year. NPI looks to have just broken its 3 year decline, anyone else seeing this as well?

  2. Philip Says:

    Time to sell for NPI?

  3. Bman/Van Says:

    Philip

    When you break a major downtrend trend, it’s time to buy, the reverse to true as well when you break an uptrend its time to sell. For NPI, they had a downtrend was due to lack of visibility on company project costs and as the market overall cooled on green energy. So it’s taken a long time, but potentially time to buy. By my estimates target 1 yr back to 28-30 around where the downtrend started.

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