{"id":185997,"date":"2025-05-15T19:55:43","date_gmt":"2025-05-15T23:55:43","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185997"},"modified":"2025-05-16T08:53:11","modified_gmt":"2025-05-16T12:53:11","slug":"tech-talk-for-friday-may-16th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/05\/15\/tech-talk-for-friday-may-16th-2025\/","title":{"rendered":"Tech Talk for Friday May 16th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday May 16th<\/sup><\/strong><\/font><\/em><\/p>\n

Equity index futures were higher this morning<\/b>. S&P 500 futures were up 20 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures slipped 4 points following release of U.S. April Housing Starts<\/b> at 8:30 AM EDT. Consensus was an increase to 1.370 million units from 1.324 million units in March. Actual was 1.361 million units<\/em><\/p>\n

Today is the last trading day for listed May options, futures and futures options<\/b>. Look for volume on North American exchanges to be significantly higher than average.<\/em><\/p>\n

Applied Materials<\/b> dropped $8.87 to $165.88 after reporting less than consensus fiscal second quarter revenues. <\/em><\/p>\n

\"clip_image001[1]\"<\/em><\/a><\/p>\n

Take Two Interactive<\/b> dropped $6.44 to $225.90 after reporting less than consensus fiscal fourth quarter earnings.<\/em> <\/p>\n

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Cava Group <\/b>dropped $4.46 to $94.61 after reporting less than consensus first quarter profit margins. <\/em><\/p>\n

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Berkshire Hathaway<\/b> recently completed significant changes in its investment portfolio. Additions included Constellation Brands (STZ), SCP Pool (POOL), Domino\u2019s Pizza (DPZ) and Heico (HEI). Reductions included Citigroup ( C ), Bank of America (BAC) and Capital One (COF)<\/em><\/p>\n

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

EquityClock\u2019s Market Opinion for May 16th<\/sup><\/strong><\/font><\/em><\/p>\n

Consumer is holding up, but are prioritizing purchases of essentials over discretionary goods. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/05\/15\/stock-market-outlook-for-may-16-2025\/<\/em><\/a><\/p>\n

     <\/p>\n

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

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

TSX Composite Index<\/b> moved above 25,875.61 to an all-time high extending an intermediate uptrend. Trend improved from neutral to up. <\/p>\n

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IBM <\/b>$IBM a Dow Jones Industrial Average stock moved above $264.69 to an all-time high extending an intermediate uptrend.<\/p>\n

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NetEase<\/b> $NTES a NASDAQ 100 stock moved above $114.00 extending an intermediate uptrend. <\/p>\n

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Charter Communications<\/b> $CHTR an S&P 100 stock moved above $415.27 extending an intermediate uptrend.<\/p>\n

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SNC Lavalin<\/b> $ATRL.TO a TSX 60 stock moved above Cdn$83.92 to an all-time high extending an intermediate uptrend. <\/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 15th<\/sup> 2025<\/p>\n

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

Red: Decrease from previous day<\/font><\/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 15th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for May 15th<\/sup> 2025<\/p>\n

\"clip_image013\"<\/a> <\/p>\n

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

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

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

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

How to Use Relative Strength in a Volatile Market \u2013 YouTube<\/a><\/p>\n

We could see a new low relative to the April low, says Fairlead’s Katie Stockton<\/b><\/p>\n

We could see a new low relative to the April low, says Fairlead’s Katie Stockton \u2013 YouTube<\/a><\/p>\n

After Rally in U.S. Stocks… 4 Red Flags Are Flashing: Tom Bowley<\/b><\/p>\n

After Rally in U.S. Stocks… 4 Red Flags Are Flashing \u2013 YouTube<\/a><\/p>\n

Looking at Mark Carney’s economic policies<\/b><\/p>\n

Looking at Mark Carney’s economic policies \u2013 YouTube<\/a><\/p>\n

S&P\/TSX composite index hits intraday record<\/b><\/p>\n

S&P\/TSX composite index hits intraday record \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer added 8.80 to 73.20, a new recent high. It remains Overbought.<\/p>\n

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The long term Barometer added 4.20 to 55.60. It remains Neutral. Daily uptrend was extended.<\/p>\n

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

\"clip_image016\"<\/a><\/p>\n

The intermediate term Barometer added 3.11 to 77.88. It remains Overbought.<\/p>\n

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The long term Barometer added 0.76 to 64.98. It remains Overbought.<\/p>\n

Next Tech Talk report<\/em><\/strong><\/font><\/p>\n

Next report is scheduled for release on Tuesday May 20th<\/sup>. The Toronto Exchange is closed on Monday.<\/em><\/font> <\/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 Friday May 16th Equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:35 AM EDT. S&P 500 futures slipped 4 points following release of U.S. April Housing Starts at 8:30 AM EDT. Consensus was an increase to 1.370 million units from 1.324 million units in March. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-185997","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185997","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=185997"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185997\/revisions"}],"predecessor-version":[{"id":186005,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185997\/revisions\/186005"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}