{"id":186680,"date":"2025-06-12T21:27:13","date_gmt":"2025-06-13T01:27:13","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=186680"},"modified":"2025-06-13T08:54:38","modified_gmt":"2025-06-13T12:54:38","slug":"tech-talk-for-friday-june-13th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/06\/12\/tech-talk-for-friday-june-13th-2025\/","title":{"rendered":"Tech Talk for Friday June 13th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday June 13th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were sharply lower this morning<\/b>. S&P 500 futures plunged 52 points at 8:30 AM EDT. Futures responded to Israel\u2019s attack on Iran\u2019s military and nuclear facilities and to <\/em><\/a>Iran\u2019s drone counterattack.<\/em><\/p>\n

WTI Crude Oil <\/b>advanced $5.51 to $73.55 per barrel on news of growing Middle East conflict.<\/em><\/p>\n

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Gold <\/b>advanced $36.60 to $3,418.87per ounce on news of growing Middle East conflict.<\/em> <\/p>\n

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Adobe <\/b>added $0.32 to $414.00 after reporting higher than consensus fiscal second quarter results. The company also raised guidance. Seasonal influences are favourable until August 10th<\/sup>. See: <\/em>https:\/\/charts.equityclock.com\/seasonal_charts\/ADBE.png<\/em><\/a><\/p>\n

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RH<\/b> Inc<\/b>. added $32.74 to $209.61 after reporting higher than consensus first quarter results. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 13th<\/sup><\/strong><\/font><\/em><\/p>\n

Excluding the extraordinary events surrounding the pandemic in 2020, initial jobless claims are showing the mildest drawdown through the start of June on record, highlighting growing strains in the labor market. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/06\/12\/stock-market-outlook-for-june-13-2025\/<\/em><\/a><\/p>\n

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

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

U.S. Dollar Index<\/b> $USD moved below 97.92 to a three year low extending an intermediate downtrend. <\/p>\n

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<\/b><\/p>\n

Energy SPDRs<\/b> (XLE) moved above $86.44 extending an intermediate uptrend. Responded to U.S. Dollar weakness!<\/p>\n

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ExxonMobil <\/b>(XOM) a Dow Jones Industrial Average stock moved above $109.50 resuming an intermediate uptrend. Strength was helped by an advance by its subsidiary company, Imperial Oil<\/b> on a move above Cdn$106.67 to an all-time high.<\/p>\n

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ConocoPhillips <\/b>(COP) an S&P 100 stock moved above $94.28 completing a double bottom pattern<\/p>\n

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Technology SPDRs<\/b> (XLK) moved above $242.71 to an all-time high extending an intermediate uptrend. Seasonal influences on a real and relative basis are favourable until the end of August. See: https:\/\/charts.equityclock.com\/technology-sector-seasonal-chart<\/a><\/p>\n

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<\/a><\/p>\n

A key stock triggering an advance by the Technology SPDRs to an all-time high was Oracle. <\/b>The stock <\/b>(ORCL) moved above $197.12 to an all-time high extending an intermediate uptrend. The stock responded to higher than consensus earnings!<\/p>\n

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T-Mobil<\/b> (TMUS) an S&P 100 stock moved below $229.79 extending an intermediate downtrend.<\/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 June 12th<\/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

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 June 12th<\/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 June 12th<\/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

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

Anatomy of a Winning Trade: Spot the Breakout Before It Happens: Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=ASQiOAEJ66A<\/a><\/p>\n

Cole Smead: The Market is Dead Wrong on Canadian Energy<\/b><\/p>\n

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

RRG Update: Is Tech Ready to Break Out?<\/b><\/p>\n

RRG Update: Is Tech Ready to Break Out? \u2013 YouTube<\/a><\/p>\n

The Fed’s 2025 rate path. Here’s the latest: Steve Leasman<\/b><\/p>\n

The Fed’s 2025 rate path. Here’s the latest \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Thursday 6\/12\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Jz7tCQYulfU<\/a><\/p>\n

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

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The intermediate term Barometer added 3.20 to 79.60. It remains Overbought.<\/p>\n

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The long term Barometer added 0.80 to 53.80. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer added 2.76 to an all-time high at 92.63. It remains Overbought. Daily uptrend was extended.<\/p>\n

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The long term Barometer added 1.38 to 78.80. It remains Overbought. Daily uptrend was extended. <\/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 June 13th U.S. equity index futures were sharply lower this morning. S&P 500 futures plunged 52 points at 8:30 AM EDT. Futures responded to Israel\u2019s attack on Iran\u2019s military and nuclear facilities and to Iran\u2019s drone counterattack. WTI Crude Oil advanced $5.51 to $73.55 per barrel on news of growing Middle […]<\/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-186680","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186680","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=186680"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186680\/revisions"}],"predecessor-version":[{"id":186690,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186680\/revisions\/186690"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=186680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=186680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=186680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}