{"id":185962,"date":"2025-05-15T08:50:42","date_gmt":"2025-05-15T12:50:42","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185962"},"modified":"2025-05-15T08:52:49","modified_gmt":"2025-05-15T12:52:49","slug":"tech-talk-for-thursday-may-15th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/05\/15\/tech-talk-for-thursday-may-15th-2025\/","title":{"rendered":"Tech Talk for Thursday May 15th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday May 15th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 18 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures recovered 7 points following release of economic news at 8:30 AM EDT. Consensus for April<\/b> U.S. Producer Prices<\/b> was a 0.3% increase versus a 0.4% gain in March. Actual was a 0.5% drop. Excluding food and energy<\/b>, consensus for April U.S. Producer Prices was a 0.3% gain versus a 0.1% gain in March. Actual was a 0.4% drop. Consensus for April U.S. Retail Sales<\/b> was 0.1% versus a 1.5% gain in March. Actual was a 0.1% gain.<\/em><\/p>\n

Wal-Mart <\/b>added $2.14 to $98.94 after reporting higher than consensus first quarter earnings.<\/em><\/p>\n

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Footlocker j<\/b>umped $9.13 to $22.00. Dick\u2019s Sporting Goods has offered to purchase the company for $24.00 per share.<\/em><\/p>\n

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Cisco <\/b>added $1.21 to $62.50 after reporting higher than consensus third quarter revenues. The company also raised guidance.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for May 15th<\/sup><\/em><\/strong><\/font><\/em><\/p>\n

<\/em><\/p>\n

Despite all of the volatility and wild swings in stocks this year, the performance of the S&P 500 Index is right about at the point that we expected it to be 20 weeks into this post presidential election year. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/05\/14\/stock-market-outlook-for-may-15-2025\/<\/em><\/a><\/p>\n

Technical Notes<\/strong><\/font><\/p>\n

Performance by S&P 500 Index<\/b> returned to positive for 2025. Yesterday, it moved above its December 31st<\/sup> 2024 close at 5,881.63.<\/p>\n

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South Korea iShares<\/b> $EWY moved above $58.53 resuming an intermediate uptrend. <\/p>\n

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Chipotle Mexican Grill<\/b> $CMG a NASDAQ 100 stock moved above $52.32 completing a reverse Head & Shoulders pattern.<\/p>\n

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Healthcare SPDRs<\/b> $XLV moved below $129.66 to a 21 month low extending an intermediate downtrend. <\/p>\n

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U.S. utilities equities and ETFs are under technical pressure. Duke Energy<\/b> $DUK, Southern Companies<\/b> $SO and Exelon<\/b> $EXC completed double top patterns. Southern Companies and Exelon were downgraded by KeyBanc to Underweight.<\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for May 14th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for May 14th<\/sup> 2025<\/p>\n

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Green: Increase from previous day <\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for May 14th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

NVDA & AMD Price Target Raises, SMCI Soaring Shows A.I. Retaking Leadership<\/b><\/p>\n

NVDA & AMD Price Target Raises, SMCI Soaring Shows A.I. Retaking Leadership \u2013 YouTube<\/a><\/p>\n

Why this strategist expects profit growth to be ‘resilient,’ but is still ‘cautious near term’<\/b><\/p>\n

Why this strategist expects profit growth to be ‘resilient,’ but is still ‘cautious near term’ \u2013 YouTube<\/a><\/p>\n

Jim Cramer talks energy stocks he is watching. Note comment on Enbridge<\/b><\/p>\n

Jim Cramer talks energy stocks he is watching \u2013 YouTube<\/a><\/p>\n

The bullish case for gold continues: Lyle Stein<\/b><\/p>\n

The bullish case for gold continues \u2013 YouTube<\/a><\/p>\n

How to Use Relative Strength in a Volatile Market: Joe Rabil<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=T0DwR4FusiE<\/a><\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer dropped 5.40 to 64.40. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.00 to 51.40. It remains Neutral.<\/p>\n

The short term (20 days) Barometer fell another 4.60 to 71.60, down from 86.60 on May 2nd<\/sup> .<\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer dropped 4.13 to 74.77. It remains Overbought.<\/p>\n

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The long term Barometer dropped 1.38 to 64.22. It remains Overbought.<\/p>\n

The short term Barometer plunged from 87.61 on Monday to 70.18 yesterday.<\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Thursday May 15th U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:35 AM EDT. S&P 500 futures recovered 7 points following release of economic news at 8:30 AM EDT. Consensus for April U.S. Producer Prices was a 0.3% increase versus a 0.4% gain in […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-185962","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=185962"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185962\/revisions"}],"predecessor-version":[{"id":185970,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185962\/revisions\/185970"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}