Pre-opening Comments for Wednesday August 6th
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EDT.
Shopify advanced $14.84 to Cdn$190.00 after reporting higher than consensus second quarter results.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0014-1.png "clip_image001[4]")
Skyworks Solutions advanced $4.37 to $72.00 after reporting higher than consensus fiscal third quarter revenues and earnings.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0024-1.png "clip_image002[4]")
Super Micro Computer dropped $6.06 to$51.20 after reporting less than consensus fiscal fourth quarter revenues and earnings.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0034-1.png "clip_image003[4]")
Advanced Micro Devices dropped $5.65 to $168.48 despite reporting higher than consensus second quarter results.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0044.png "clip_image004[4]")
EquityClock’s Market Outlook for August 6th
Short-term trend of the market appears to be shifting, aligned with seasonal norms. See:
https://equityclock.com/2025/08/05/stock-market-outlook-for-august-6-2025/
Technical Notes
Impressive move by TSX Gold iShares above Cdn$32.40 to an all-time high extending an intermediate uptrend!
Barrick Gold (ABX.TO) was a TSX 60 leader with a move above Cdn$30.41 to a 4 year high.
20 year+ Treasury Bonds iShares (TLT) moved above $87.97 completing a double bottom pattern.
Lowes Companies (LOW) moved above $236.28 completing a double bottom pattern.
Vertex (VRTX) a NASDAQ 100 stock moved below $416.60 and $377.85 setting an intermediate downtrend.
Bank of America (BAC) an S&P 100 stock moved below $45.01 completing a double top pattern.
Electronic Arts (EA) a NASDAQ 100 stock moved above $160.99 extending an intermediate uptrend
Enbridge (ENB.TO) a TSX 60 stock moved above Cdn$65.09 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 5th 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 5th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 5th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Goldman Sachs’ David Kostin: Large percentage topline index return is coming from big tech
Goldman Sachs’ David Kostin: Large percentage topline index return is coming from big tech – YouTube
Caution seeping into markets as seasonality and macro trends emerge, says RBC’s Amy Wu Silverman
Stephanie Link: Expect market volatility for the next two months but setup into year-end is positive
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.40 to 55.20. It remains neutral.
The long term Barometer dropped 2.00 to 57.20. It remains neutral.
TSX Momentum Barometers
The intermediate term Barometer jumped 14.15 to 68.40. It changed from neutral to overbought on a recovery above 60.00.
The long term Barometer added 2.83 to 82.55. It remains Overbought.
The short term (20 days) Barometer jumped 17.92 to 53.30.
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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August 6th, 2025 at 4:42 pm
PLTR, GEV, AXON, MAGS.
August 6th, 2025 at 4:44 pm
SHOP
August 6th, 2025 at 4:57 pm
Bman/Van,
Thanks for explaining your stock picks. What you say makes sense. I should have added that in the gold sector, I do own AEM. I traded it a few times but would have done better just to hold so I am trying to do that now. If there is an opportunity, I would like to buy WPM and possibly FNV.
Here is AEM.TO’s chart:
https://schrts.co/zwVIPUPA
For copper, I am holding the XBM etf which has all the big miners including TCK.B and FCX, FM, RIO, BHP… At least, the risk is spread out.
In spite of the negative sentiment around oil, it remains in a large trading range and SU is doing surprisingly well. Here is an old, very long term chart of Ron/BC’s:
https://schrts.co/xkfDPPQZ
August 6th, 2025 at 5:00 pm
Larry, if you own the names you mentioned, congratulations. Too volatile for me. But I do own some AMZN and GOOGL – my way of participating in the AI theme.
August 6th, 2025 at 6:11 pm
Paula I missed SHOP. I have PLTR and GEV and have traded AXON but missed that one as well. I am quite firm in my opinion that we have returned to a tech driven market. NVDA is the big kahuna. I think we have to look at the companies using NVDA’s chips to further efficiencies using AI. Cramer gave a good example of what PLTR does. Freddie Mac and Fannie Mae used to take two months to comb through mortgages to identify fraud. PLTR enables them to do it in seconds. Now apply that kind of transformation throughout industry.