{"id":186824,"date":"2025-06-19T23:20:01","date_gmt":"2025-06-20T03:20:01","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=186824"},"modified":"2025-06-20T08:56:45","modified_gmt":"2025-06-20T12:56:45","slug":"tech-talk-for-friday-june-20th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/06\/19\/tech-talk-for-friday-june-20th-2025\/","title":{"rendered":"Tech Talk for Friday June 20th 2025"},"content":{"rendered":"

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<\/a>Pre-opening Comments for Friday June 20th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 17 points at 8:35 AM EDT.<\/em><\/p>\n

Volume on U.S. exchanges<\/b> today is expected to be higher than average. Today is Quadruple Day for the last trade day for listed June equity and index options and futures <\/em><\/p>\n

S&P 500 futures added 8 points following release of the June Philly Fed Manufacturing Survey<\/b> at 8:30 AM EDT Consensus was -2.0 versus -4.0 in May. Actual was -4.0 <\/em><\/p>\n

Carmax <\/b>gained $6.81 to $71.14 after reporting higher than consensus first quarter revenues and earnings. <\/em><\/p>\n

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GMS<\/b> advanced $21.99 to $103.00 on takeover rumors<\/em><\/p>\n

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Tesla<\/b> added $5.70 to $327.77 after the company launched its Robotaxi service<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 20th<\/sup><\/strong><\/font><\/em><\/p>\n

The spread between 10-year and 3-month treasury yields is remaining eerily tight right around 0, which is a healthy place, for now. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/06\/18\/stock-market-outlook-for-june-20-2025\/<\/em><\/a><\/p>\n

Responses to the FOMC decision on interest rates<\/strong><\/font><\/p>\n

At 2:00 PM EDT on Wednesday, the FOMC announced that it will maintain its Fed Fund Rate at 4.25%-4.50%. Responses by markets were as follows:<\/p>\n

S&P 500 Index dropped<\/p>\n

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Prices of major U.S. Bank stocks and related ETFs were notably lower.<\/p>\n

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Yield on 10 year Treasuries increased<\/p>\n

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The U.S. Dollar Index ETN moved higher<\/p>\n

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The Canadian Dollar moved lower<\/p>\n

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Gold and gold equity ETFs in U.S. Dollars moved lower<\/p>\n

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

Bank of New York Mellon<\/b> (BK) an S&P 100 stock moved above $90.62 to an all-time high extending an intermediate uptrend.<\/p>\n

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Charles Schwab<\/b> (SCHB) an S&P 100 stock moved above $89.85 extending an intermediate uptrend. Seasonal influences are favourable until the end of July. See: https:\/\/charts.equityclock.com\/schwab-us-broad-market-etf-nyseschb-seasonal-chart<\/a><\/p>\n

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McDonald\u2019s<\/b> (MCD) a Dow Jones Industrial Average stock moved below $288.86 completing a double top pattern.<\/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 18th<\/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 June 18th<\/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 18th<\/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

3 S&P 500 Charts That Point to the Next Big Move: Frank Capperelli<\/b><\/p>\n

3 S&P 500 Charts That Point to the Next Big Move \u2013 YouTube<\/a><\/p>\n

Expect a period of pullback over the summer: Lewenza<\/b><\/p>\n

Expect a period of pullback over the summer: Lewenza \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 1.80 to 66.40. It remains Overbought. Daily trend has turned down.<\/p>\n

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The long term Barometer slipped 0.40 to 48.60. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer dropped 2.30 to 87.10. It remains Overbought and has rolled over.<\/p>\n

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The long term Barometer slipped 0.92 to 74.65. It remains Overbought and has rolled over.<\/p>\n

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

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

Pre-opening Comments for Friday June 20th U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDT. Volume on U.S. exchanges today is expected to be higher than average. Today is Quadruple Day for the last trade day for listed June equity and index options and futures […]<\/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-186824","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186824","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=186824"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186824\/revisions"}],"predecessor-version":[{"id":186832,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186824\/revisions\/186832"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=186824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=186824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=186824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}