{"id":187169,"date":"2025-07-06T18:33:50","date_gmt":"2025-07-06T22:33:50","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=187169"},"modified":"2025-07-07T09:23:56","modified_gmt":"2025-07-07T13:23:56","slug":"tech-talk-for-monday-july-7th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/07\/06\/tech-talk-for-monday-july-7th-2025\/","title":{"rendered":"Tech Talk for Monday July 7th 2025"},"content":{"rendered":"

Pre-opening Comments for Monday July 7th<\/sup> 2025<\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower<\/b> this morning<\/b> after the Trump Administration confirmed that tariffs will go into effect on August 1st<\/sup>. S&P 500 futures were down 14 points at 8:30 AM EDT.<\/em><\/p>\n

President Trump signed the \u201cOne Big Beautiful Bill\u201d on Friday.<\/b> Following is a link summarizing changes included in the Bill compared to current federal tax legislation<\/em><\/p>\n

https:\/\/www.cnbc.com\/2025\/07\/03\/trump-big-beautiful-bill-tax-changes.html<\/em><\/a><\/p>\n

Crude oil<\/b> slipped $0.01 to $66.99 per barrel after OPEC+ announced plans to ramp up production on August 1st<\/sup> to higher than previously indicated levels.<\/em> <\/p>\n

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Tesla<\/b> dropped $18.10 to $297.06 after Elon Musk announced his intention to launch the America party.<\/em><\/p>\n

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Comcast<\/b> added $0.07 to $36.06 after its \u201cJurassic World Rebirth\u201d movie recorded revenues at $318 million during its debut weekend.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for July 7th<\/sup><\/strong><\/font><\/em><\/p>\n

The latest read of nonfarm payrolls may provide a bit of a cautionary tone pertaining to the health of the economy, but should continue to present a tailwind to stocks. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/07\/02\/stock-market-outlook-for-july-7-2025\/<\/em><\/a><\/p>\n

Technical Scoop<\/strong> <\/font>for July 7th<\/sup> from David Chapman and <\/strong><\/font><\/em>www.EnrichedInvesting.com<\/strong><\/font><\/em><\/a><\/p>\n

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

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

Passage of \u201cThe One Beautiful Bill\u201d<\/b> by Congress late on Thursday<\/a> and signed by President Trump on Friday is expected to set the stage for North American equity markets to move higher this week. The \u201cSummer Rally\u201d that frequently lasts until the end of July started last week. <\/p>\n

Consensus for Earnings and Revenues for S&P 500 companies<\/strong><\/font> <\/p>\n

Source: www.factset.com <\/p>\n

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

Analyst estimates for 2025 beyond the first quarter were unchanged last week. <\/b>Consensus for second quarter earnings gains remained at 5.0%. Consensus for second quarter revenue gains remained at 4.2%. Consensus for third quarter earnings gains remained at 7.3%. Consensus for third quarter revenue growth remained at 4.7%. Consensus for fourth quarter earnings gains remained at 6.4%. Consensus for fourth quarter revenue gains remained at 5.2%. <\/p>\n

For all of 2025, <\/b>consensus for <\/b>earnings growth remained at 9.1%. Consensus for revenue gains returned to 5.0% from 4.9%. <\/p>\n

For all of 2026<\/b>, consensus for earnings growth remained at 13.8%, Consensus for revenue gains remained at 6.3%.<\/p>\n

Economic News This Week<\/p>\n

FOMC Meeting Minutes<\/b> are released at 2:00 PM EDT on Wednesday<\/p>\n

Canada\u2019s June Employment Report<\/b> is released at 8:30 AM EDT on Friday<\/p>\n

Selected Earnings News This Week<\/strong><\/font><\/p>\n

Thursday<\/b>: Delta Airlines, Conagra, Levi Straus<\/p>\n

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 July 3rd<\/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 July 3rd<\/sup> 2025<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for July 3rd<\/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

Changes Last Week<\/strong><\/font><\/p>\n

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<\/p>\n

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

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

Michael Campbell\u2019s Money Talks for July 5th<\/sup> <\/b><\/p>\n

Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

Lower Oil Prices Good for Stock Market: Mark Leibovit<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/07\/lower-oil-prices-good-for-stock-market-mark-leibovit\/<\/a><\/p>\n

Oil, Bitcoin, Gold, the S&P 500: What\u2019s Next for Markets? Valuetrendcanada<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=SYerNQ63biQ<\/a><\/p>\n

Q&A with Tom Lee : 2025 H2 U.S. Stock Strategy, All You Need in One Video | <\/b><\/b>Part 1<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=VRMU_8gE-qg<\/a><\/p>\n

What a $75B CIO is Buying Now | U.S. Stocks, Gold, AI & Rate Cuts Explained<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=rKRsxOJjOK4<\/a><\/p>\n

Market Call: Rick Rule’s outlook on Natural Resource Stocks<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Irxd2P_J2YI<\/a><\/p>\n

Is This Rally Sustainable? You Better Bet Your Bullish Sweet Dollar It Is! Tom Bowley<\/b><\/p>\n

Is This Rally Sustainable? You Better Bet Your Bullish Sweet Dollar It Is! | Trading Places with Tom Bowley | StockCharts.com<\/a><\/p>\n

Things to watch in the second half of 2025: Pierre Ouimet, UBS Canada<\/b><\/p>\n

Things to watch in the second half of 2025 \u2013 YouTube<\/a><\/p>\n

BRICS Digital Currency, Gold Standard: Bob Hoye<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/07\/brics-digital-currency-gold-standard-bob-hoye\/<\/a><\/p>\n

Trading Desk Notes for July 5, 2025: Victor Adair<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/07\/trading-desk-notes-for-july-5-2025\/<\/a><\/p>\n

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

Dow Jones Industrial Average SPDRs<\/b> (DIA) moved above $447.00 to an all-time high extending an intermediate uptrend. The Average has a history of moving higher from late June to the end of July. See: the seasonality chart at www.EquityClock.com<\/a><\/p>\n

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Semiconductor ETF<\/b> (SMH) moved above $281.82 to an all-time high extending an intermediate uptrend. The ETF has a history of moving higher until the end of July. See:<\/p>\n

The seasonality chart at www.EquityClock.com<\/a><\/p>\n

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Lithium ETN<\/b> (LIT) moved above $39.41 setting an intermediate uptrend.<\/p>\n

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Auto ETF<\/b> (CARZ) moved above $62.43 and $61.72 to an all-time high extending an intermediate uptrend. <\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> moving above resistance and extending an intermediate uptrend included Apple, General Motors, Charles Schwab, Blackrock, ANSYS, and Cadence Design. All have favourable seasonality in the month of July. See: www.EquityClock.com<\/a><\/p>\n

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

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

The intermediate term Barometer added 2.60 on Friday and gained 6.40 last week to 79.40. It remains Overbought.<\/p>\n

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

The long term Barometer added 1.60 to 64.20 on Friday and gained 9.00 last week to 64.20. It changed from Neutral to Overbought on a move above 60.00. Daily trend remains up.<\/p>\n

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

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The intermediate term Barometer slipped 0.47 on Friday, but gained 3.28 last week to 86.85. It remains Overbought.<\/p>\n

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The long term Barometer added 0.47 on Friday and gained 7.63 last week to 83.1. It remains Overbought.<\/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 July 7th 2025 U.S. equity index futures were lower this morning after the Trump Administration confirmed that tariffs will go into effect on August 1st. S&P 500 futures were down 14 points at 8:30 AM EDT. President Trump signed the \u201cOne Big Beautiful Bill\u201d on Friday. Following is a link summarizing […]<\/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-187169","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187169","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=187169"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187169\/revisions"}],"predecessor-version":[{"id":187177,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187169\/revisions\/187177"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=187169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=187169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=187169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}