{"id":186859,"date":"2025-06-22T13:55:51","date_gmt":"2025-06-22T17:55:51","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=186859"},"modified":"2025-06-23T08:50:43","modified_gmt":"2025-06-23T12:50:43","slug":"tech-talk-for-monday-june-23rd-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/06\/22\/tech-talk-for-monday-june-23rd-2025\/","title":{"rendered":"Tech Talk for Monday June 23rd 2025"},"content":{"rendered":"

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Pre-opening Comments for Monday June 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed<\/em><\/a> this morning<\/em><\/b>. S&P 500 futures were down 2 points at 8:30 AM EDT.<\/em><\/p>\n

Crude oil<\/b> advanced $0.79 to $74.63 per barrel following escalation of the Israel\/Iran conflict following the U.S. \u201cbunker bomb\u201d attack over the weekend. <\/em><\/p>\n

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Northern Trust<\/b> added $6.21 to $118.06 on rumors that Bank of New York Mellon is planning a takeover offer. <\/em><\/p>\n

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Estee Lauder<\/b> added $1.51 to $75.19 after Deutsche Bank upgraded the stock from hold to buy.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

Tariffs appear to be taking a toll on the normally busy spring building season. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/06\/21\/stock-market-outlook-for-june-23-2025\/<\/em><\/a><\/p>\n

Technical Scoop from David Chapman and www.EnrichedInvesting.com<\/strong><\/font><\/em><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n

Tom Bowley\u2019s comments on the Israel\/Iran conflict<\/strong><\/font><\/em><\/p>\n

(Note comments on the energy and technology sectors)<\/em><\/p>\n

https:\/\/www.youtube.com\/watch?v=QuVJlHMI1PE<\/em><\/a><\/p>\n

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The Bottom Line<\/strong><\/font><\/p>\n

Economic focus this week<\/b> is on U.S. Core May PCE Price Index released on Friday<\/p>\n

Earnings focuses this week<\/b> are on FedEx on Tuesday and Nike on Thursday.<\/p>\n

Political focus this week<\/b> is on the \u201cOne Big Beautiful Bill\u201d. Will Congress pass the Bill before the July 4th<\/sup> holiday?<\/p>\n

Volatility<\/b> in world equity markets is expected to spike Monday morning following news of the U.S. military strikes against Iran. The VIX Index is expected to open sharply higher above its previous close at 20.62%.<\/p>\n

Seasonal focus<\/b> is on extension of weakness in June by North American equity markets until the end of this week followed by start of the annual \u201csummer rally\u201d lasting until the end of July and frequently into early September.<\/p>\n

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Economic News This Week<\/strong><\/font><\/p>\n

May U.S. Existing Home Sales<\/b> released at 10:00 AM EDT on Monday are expected to slip to 3.95 million units from 4.00 million units in April.<\/p>\n

May Canada Consumer Price Index<\/b> released at 8:30 AM EDT on Tuesday is expected to increase 0.5% versus a 0.1 decrease in April<\/p>\n

May US New Home Sales<\/b> released at 10:00 AM EDT on Wednesday are expected to drop to 692,000 units from 743,000 units in April.<\/p>\n

Federal Reserve Chairman Powell<\/b> speaks at 10:00 AM EDT on Wednesday<\/p>\n

May U.S. Durable Goods Orders<\/b> released at 8:30 AM EDT on Thursday are expected to increase 0.1% versus a 6.3% drop in April.<\/p>\n

Next estimate for U.S. first quarter real GDP<\/b> released at 8:30 AM EDT on Thursday is expected to record a 0.2% drop versus a 2.4% gain in the fourth quarter of 2024.<\/p>\n

May Core PCE Price Index<\/b> released at 8:30 AM EDT on Friday is expected to increase 0.1% versus a 0.1% increase in April.<\/p>\n

May U.S. Personal Income<\/b> released at 8:30 AM EDT on Friday is expected to increase 0.2% versus a 0.08% increase in April. May U.S. Personal Spending <\/b>is expected to increase 0.2 versus a 0.2% gain in April.<\/p>\n

Canadian April GDP<\/b> released at 8:30 AM EDT on Friday is expected remain unchanged versus a 0.1% increase in March.<\/p>\n

June Michigan Consumer Sentiment<\/b> released at 10:00 AM EDT on Friday is expected to increase to 60.5 from 52.2 in May.<\/p>\n

Selected Earnings News This Week<\/strong><\/font><\/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 20th<\/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 20th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for June 20th<\/sup> 2025<\/p>\n

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

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

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

Changes last week<\/strong><\/font> <\/p>\n

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

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

Cisco<\/b> $CSCO an S&P 100 stock moved above $66.06 to an all-time high extending an intermediate uptrend.<\/p>\n

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Take Two<\/b> $TTWO a NASDAQ 100 stock moved above $240.78 to an all-time high extending an intermediate uptrend. <\/p>\n

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

Mike\u2019s Money Talks for June 18th<\/sup> <\/b><\/p>\n

https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/<\/a><\/p>\n

Crypto\u2019s Make Major Stride Towards Legitimacy: Mark Leibovit<\/b><\/p>\n

Crypto\u2019s Make Major Stride Towards Legitimacy \u2013 HoweStreet<\/a><\/p>\n

Jeff Parent\u2019s market outlook on BNN\u2019s Market Call on Friday<\/b><\/p>\n

https:\/\/www.bnnbloomberg.ca\/video\/shows\/market-call\/2025\/06\/20\/jeff-parents-market-outlook-technical-analysis\/<\/a><\/p>\n

The Fed is getting it wrong again: Tom Bowley<\/b><\/p>\n

The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady | Trading Places with Tom Bowley | StockCharts.com<\/a><\/p>\n

Undercut & Rally Pattern: Joe Rabil<\/b><\/p>\n

Joe Rabil’s Undercut & Rally Pattern: From DROP to POP | Stock Talk with Joe Rabil | StockCharts.com<\/a><\/p>\n

AI Stocks Ignite Again\u2014Where Smart Money Is Heading Next: Mary Ellen McGonagle<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=NntJuQJ5s-k<\/a><\/p>\n

Weekly Update with Larry Berman – June 21, 2025<\/b><\/p>\n

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

RRG Alert Tech Vaults to \u2018Leading\u2019\u2014Is XLK Signaling a New Rally?<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=0O6lFtabpcI<\/a><\/p>\n

Trading Desk Notes for June 21, 2025: Victor Adair<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/06\/trading-desk-notes-for-june-21-2025\/<\/a><\/p>\n

What\u2019s The Best Way to Preserve Wealth In Uncertain Times? Bob Hoye<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/06\/whats-the-best-way-to-preserve-wealth-in-uncertain-times-bob-hoye\/<\/a><\/p>\n

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

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The intermediate term Barometer added 0.80 on Friday, but dropped 5.00 last week to 67.20. It remains Overbought.<\/p>\n

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The long term Barometer added 0.80 on Friday, but slipped 0.40 last week to 49.40. It remains Neutral. <\/p>\n

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

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The intermediate term Barometer dropped 1.84 on Friday and dropped 5.53 last week to 85.25. It remains Overbought. Daily downtrend was extended on Friday.<\/p>\n

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The long term Barometer slipped 0.46 on Friday and dropped 2.77 last week to 74.19. It remains Overbought. Daily downtrend was extended on Friday.<\/p>\n

Short term (20 days) Barometer plunged 8.76 on Friday and 11.98 last week to 61.75.<\/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 Monday June 23rd U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:30 AM EDT. Crude oil advanced $0.79 to $74.63 per barrel following escalation of the Israel\/Iran conflict following the U.S. \u201cbunker bomb\u201d attack over the weekend. Northern Trust added $6.21 to $118.06 on […]<\/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-186859","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186859","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=186859"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186859\/revisions"}],"predecessor-version":[{"id":186867,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186859\/revisions\/186867"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=186859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=186859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=186859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}