Pre-opening Comments for Wednesday August 13th
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:30 AM EDT.
CAE (Price: Cdn$40.80) is expected to open higher after reporting higher fiscal first quarter revenues.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0014-3.png "clip_image001[4]")
Cava dropped $15.90 to $68.60 after reporting less than consensus second quarter revenues. The company also lowered guidance.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0024-3.png "clip_image002[4]")
CoreWeave dropped $12.05 to $136.69 after offered guidance below consensus
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0034-3.png "clip_image003[4]")
Palo Alto Networks advanced $3.09 to $178.49 after Deutsche upgraded the stock
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/08/clip_image0044-2.png "clip_image004[4]")
EquityClock’s Market Outlook for August 13th
July’s report on Consumer Prices is highly indicative of where to position portfolios in this market and what to shy away from. See:
https://equityclock.com/2025/08/12/stock-market-outlook-for-august-13-2025/
Technical Notes
S&P 500 Index moved above 6,427.28 set on July 31st to an all-time high extending an intermediate uptrend. S&P 500 iShares moved above $639.85 to all-time high. Almost all of the gains during the past week came from the “Magnificent 7” stocks (MAGS)
Australia iShares (EWA) moved above $26.83 to an all-time high extending an intermediate uptrend.
Mexico iShares (EWW) moved above $62.34 extending an intermediate uptrend.
S&P 100 and NASDAQ 100 stocks moving below support extending an intermediate downtrend included McCormick (MKC), Adobe (ADBE), Salesforce.com (CRM), Okta (OKTA), Union Pacific (UNP) and Paychex (PAYX),
Home Depot (HD) a Dow Jones Industrial Average stock moved above $387.34 extending an intermediate uptrend.
Franco-Nevada (FNV.TO) a TSX 60 stock moved above Cdn$244.55 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 12th 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 12th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 12th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Why The Fed’s Next Battle Will Be It’s Most Challenging: Liz Thomas and Guy Adami
https://www.youtube.com/watch?v=jqbS6boVDM8
JPM’s Gabriela Santos: Inflation report shows very gradual past through of higher tariffs
JPM’s Gabriela Santos: Inflation report shows very gradual passthrough of higher tariffs – YouTube
We could have the traditional October drawdown this year, says Stephen Suttmeier
We could have the traditional October drawdown this year, says Stephen Suttmeier – YouTube
Market concentration is scary and it’s all around AI, says AB’s Jim Tierney
Market concentration is scary and it’s all around AI, says AB’s Jim Tierney – YouTube
Fed will begin cutting rates again in September, says PIMCO’s Mike Zudzil
Fed will begin cutting rates again in September, says PIMCO’s Mike Zudzil – YouTube
Expect the market to catch up to reality later this year, says Dan Niles
Expect the market to catch up to reality later this year, says Dan Niles – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 5.40 to 60.40. It changed from Neutral to Overbought on a recovery above 60.00.
The long term Barometer added 3.00 to 60.20. It changed from Neutral to Overbought on a recovery above 60.00.
TSX Momentum Barometers
The intermediate term Barometer added 4.25 to 66.04. It remains Overbought.
The long term Barometer added 2.36 to 80.66. 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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August 13th, 2025 at 2:06 pm
IWM and RSP for two days now outperforming the market which was dominated by the you know who stocks. The market is not as narrow anymore. I like Rick Rieder’s comment that “This is the best investment environment ever”. I won’t quite go that far but now this market has been completely underestimated by the skeptics.