{"id":186128,"date":"2025-05-21T19:16:50","date_gmt":"2025-05-21T23:16:50","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=186128"},"modified":"2025-05-22T08:45:32","modified_gmt":"2025-05-22T12:45:32","slug":"tech-talk-for-thursday-may-22nd-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/05\/21\/tech-talk-for-thursday-may-22nd-2025\/","title":{"rendered":"Tech Talk for Thursday May 22nd 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday May 22nd<\/sup><\/strong><\/font><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 31 points at 8:30 AM EDT.<\/em><\/p>\n

Snowflake <\/b>advanced $13.00 to $192.29 after reporting higher than consensus first quarter results.<\/em><\/p>\n

\"clip_image001[4]\"<\/em><\/a><\/p>\n

Urban Outfitters<\/b> added $2.99 to $62.59 after reporting higher than consensus first quarter revenues and earnings. <\/em><\/p>\n

\"clip_image002[4]\"<\/em><\/a><\/p>\n

Zoom <\/b>gained $2.43 to $84.70 after reporting higher than consensus first quarter revenues and earnings.<\/em> <\/p>\n

\"clip_image003[4]\"<\/a><\/p>\n

Toronto Dominion Bank<\/b> is expected to open higher after reporting higher than consensus fiscal second quarter earnings. <\/p>\n

\"clip_image004[4]\"<\/a><\/p>\n

EquityClock\u2019s Market Outlook for May 22nd<\/sup><\/strong><\/font><\/em><\/p>\n

S&P 500 Index reacting to the band of resistance that overhangs the market around all-time highs; next up is a test of the open gap charted on May 12. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/05\/21\/stock-market-outlook-for-may-22-2025\/<\/em><\/a><\/p>\n

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

Two events happened yesterday afternoon: Long term U.S. Treasury bond prices<\/b> $TLT broke support at $84.65 after a lackluster auction of 20 year Treasuries and after Congress failed to pass the \u201cOne Big Budget Bill<\/em><\/strong>\u201d prior to the Memorial Day holiday break.   Note:  The House of Representatives approved the bill early this morning.<\/em><\/strong>   U.S. equity prices also quickly moved lower following the news.<\/p>\n

\"clip_image001\"<\/a><\/p>\n

\"clip_image002\"<\/a><\/p>\n

Bitcoin in U.S. Dollars<\/b> $BTCUSD briefly moved above $109,340,211 to an all-time high in early trading extending an intermediate uptrend, but moved lower following the two events mentioned above.<\/p>\n

\"clip_image003\"<\/a><\/p>\n

Palladium ETN<\/b> $PALL moved above $93.50 resuming an intermediate uptrend. <\/p>\n

\"clip_image004\"<\/a><\/p>\n

ARC Resources<\/b> $ARX.TO one of Canada\u2019s largest natural gas producers moved above Cdn$29.70 to an all-time high extending an intermediate uptrend.<\/p>\n

\"clip_image005\"<\/a><\/p>\n

Kraft Heinz<\/b> $KHC an S&P 100 stock moved below $26.90 to a four year low extending an intermediate downtrend.<\/p>\n

\"clip_image006\"<\/a><\/p>\n

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

\"clip_image008\"<\/a><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for May 21st<\/sup> 2025<\/p>\n

\"clip_image010\"<\/a><\/p>\n

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

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

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

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

Daily Seasonal\/Technical Commodities Trends for May 21st<\/sup> 2025<\/p>\n

\"clip_image012\"<\/a><\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for May 21st<\/sup> 2025<\/p>\n

\"clip_image014\"<\/a><\/p>\n

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

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

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

S&P 500, Bitcoin & XLK: What the Charts Are Saying Now: Frank Cappelleri<\/b><\/p>\n

S&P 500, Bitcoin & XLK: What the Charts Are Saying Now \u2013 YouTube<\/a><\/p>\n

Stocks Fall, Yields Spike: Now What? Guy Adami and Dan Nathan<\/b><\/p>\n

Stocks Fall, Yields Spike: Now What? \u2013 YouTube<\/a><\/p>\n

The bond market is in the driver seat for the equity market, says Charles Schwab’s Liz Ann Sonders<\/b><\/p>\n

The bond market is in the driver seat for the equity market, says Charles Schwab’s Liz Ann Sonders \u2013 YouTube<\/a><\/p>\n

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

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer plunged 12.60 to 66.60. It remains Overbought. Daily downtrend has been initiated<\/p>\n

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

The long term Barometer dropped 6.20 to 50.00. It remains Neutral. Daily downtrend likely initiated. <\/p>\n

The short term (20 days) Barometer plunged 23.20 to 62.80. It remains Overbought. Daily downtrend has been initiates.<\/p>\n

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

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

The intermediate term Barometer dropped 3.31 to 80.65. It remains Overbought.<\/p>\n

\"clip_image018\"<\/a><\/p>\n

The long term Barometer dropped 2.76 to 66.82. It remains Overbought<\/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 22nd U.S. equity index futures were lower this morning. S&P 500 futures were down 31 points at 8:30 AM EDT. Snowflake advanced $13.00 to $192.29 after reporting higher than consensus first quarter results. Urban Outfitters added $2.99 to $62.59 after reporting higher than consensus first quarter revenues and earnings. Zoom […]<\/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-186128","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186128","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=186128"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186128\/revisions"}],"predecessor-version":[{"id":186138,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186128\/revisions\/186138"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=186128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=186128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=186128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}