{"id":187521,"date":"2025-07-20T16:05:38","date_gmt":"2025-07-20T20:05:38","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=187521"},"modified":"2025-07-21T08:47:46","modified_gmt":"2025-07-21T12:47:46","slug":"tech-talk-for-monday-july-21st-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/07\/20\/tech-talk-for-monday-july-21st-2025\/","title":{"rendered":"Tech Talk for Monday July 21st 2025"},"content":{"rendered":"

<\/a>Pre-opening Comments for Monday July 21st<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 13 points at 8:30 AM EDT. <\/em><\/p>\n

Verizon<\/b> added $1.82 to $42.67 after reporting higher than consensus second quarter results. The company also raised guidance. <\/em><\/p>\n

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

Stellantis<\/b> dropped $0.08 to $9.12 after warning about a $2.7 billion write down.<\/em><\/p>\n

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

Microsoft<\/b> dropped $0.75 to $509.30 after issuing an alert about \u201cactive attacks\u201d on server software.<\/em> <\/p>\n

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

Cleveland Cliffs<\/b> added $0.35 to $9.83 after reporting higher than consensus second quarter results.<\/em><\/p>\n

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

EquityClock\u2019s Market Outlook for July 21st<\/sup><\/strong><\/font><\/em><\/p>\n

Identifying the cues to look for to signal the start of the period of third quarter risk aversion and which areas of the market to focus on in portfolios presently. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/07\/18\/stock-market-outlook-for-july-21-2025\/<\/em><\/a><\/p>\n

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

Focuses this week are on second quarter earnings reports by major U.S. and Canadian companies. Look for additional surprisingly strong results relative to consensus!<\/b><\/p>\n

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

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

The second quarter earnings season continues to surprise: <\/b>60 S&P 500 companies have reported results to date with 83% reporting earnings above consensus and with 83% reporting revenues above consensus. <\/p>\n

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

Analyst estimates for 2025 beyond the first quarter increased substantially last week. <\/b>Consensus for second quarter earnings gains jumped to 5.6% from 4.8%. Consensus for second quarter revenue gains increased to 4.4% from 4.2%. Consensus for third quarter earnings gains increased to 7.4% from 7.3%. Consensus for third quarter revenue growth increased to 4.9% from 4.8%. Consensus for fourth quarter earnings gains increased to 6.8% from 6.5%. Consensus for fourth quarter revenue gains increased to 5.4% from 5.3%. <\/p>\n

For all of 2025, <\/b>consensus for <\/b>earnings growth increased to 9.3% from 9.0%. Consensus for revenue gains increased to 5.1% from 5.0%. <\/p>\n

For all of 2026<\/b>, consensus for earnings growth increase to 14.0% from 13.9%. Consensus for revenue gains remained at 6.3%.<\/p>\n

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

June U.S. Leading Economic Indicators<\/b> released at 10:00 AM EDT on Monday are expected to drop 0.2% versus a 0.1% drop in May.<\/p>\n

Federal Reserve Chairman Powell<\/b> speaks at 8:30 AM EDT on Tuesday<\/p>\n

June U.S. Existing Home Sales<\/b> released at 10:00 AM EDT on Wednesday are expected to slip to 4.00 million units from 4.03 million units in May.<\/p>\n

European Central Bank interest rate announced<\/b> at 8:15 AM EDT on Thursday are expected to remain unchanged at 2.15%.<\/p>\n

Canadian May Retail Sales<\/b> released at 8:30 AM EDT on Thursday are expected to drop 0.9% versus a 0.3% gain in April<\/p>\n

June U.S. New Home Sales<\/b> released at 10:00 AM EDT on Thursday are expected to increase to 651,000 from 623,000 in May.<\/p>\n

June Durable Goods Orders<\/b> released at 8:30 AM EDT on Friday are expected to drop 10.3% versus a 16.4% gain in May. Excluding transportation, Orders are expected to be unchanged versus a 0.5% gain in May. <\/p>\n

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

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

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

Trader\u2019s Corner<\/strong><\/font><\/p>\n

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

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

Daily Seasonal\/Technical Equity Trends for July 18th<\/sup> 2025<\/p>\n

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

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 18<\/a>th<\/sup> 2025<\/p>\n

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

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 July 18th<\/sup> 2025<\/p>\n

\"clip_image010\"<\/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

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

<\/p>\n

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

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

Michael Campbell\u2019s Money Talks for July 19th<\/sup> <\/b><\/p>\n

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

Expect the S&P to reach 7,000 by year-end, says Sanctuary Wealth\u2019s Mary Ann Bartels<\/b><\/p>\n

Expect the S&P to reach 7,000 by year-end, says Sanctuary Wealth\u2019s Mary Ann Bartels \u2013 YouTube<\/a><\/p>\n

Dan Niles: Microsoft\u2019s AI Edge & Hidden Risks For Tech This Fall<\/b><\/p>\n

Dan Niles: Microsoft\u2019s AI Edge & Hidden Risks For Tech This Fall \u2013 YouTube<\/a><\/p>\n

Is There Anything to Hold Crypto\u2019s Back? Mark Leibovit<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/07\/is-there-anything-to-hold-cryptos-back-mark-leibovit\/<\/a><\/p>\n

Consumer sentiment comes in at 61.8: Rick Santelli<\/b><\/p>\n

Consumer sentiment comes in at 61.8 \u2013 YouTube<\/a><\/p>\n

A short-term shake out is likely heading into August, says BTIG’s Jonathan Krinsky<\/b><\/p>\n

A short-term shake out is likely heading into August, says BTIG’s Jonathan Krinsky \u2013 YouTube<\/a><\/p>\n

US Total Stocks Rise 9.0 Mb\/d Last Week And Total US Demand Fell 1.68 Mb\/d To 19.2 Mb\/d. Pressure On Crude Prices Increases: Josef Schachter<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/07\/us-total-stocks-rise-9-0-mb-d-last-week-and-total-us-demand-fell-1-68-mb-d-to-19-2-mb-d-pressure-on-crude-prices-increases\/<\/a><\/p>\n

July Strength, Late-Summer Caution: 3 Charts to Watch<\/b><\/p>\n

July Strength, Late-Summer Caution: 3 Charts to Watch | ChartWatchers | StockCharts.com<\/a><\/p>\n

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

China Large Cap iShares<\/b> (FXI) moved above $38.19 to a three year high extending an intermediate uptrend.<\/p>\n

\"clip_image013\"<\/a><\/p>\n

Hong Kong iShares<\/b> (EWH) moved above $20.41 to a three year high extending an intermediate uptrend.<\/p>\n

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

Australia All Ordinaries Composite Index (AORD<\/b>) moved above 8,882.70 to an all-time high extending an intermediate uptrend. <\/p>\n

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

Utilities SPDRs<\/b> (XLU) lead U.S. equity indices on Friday by breaking to an all-time high.<\/p>\n

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

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

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

The intermediate term Barometer added 0.80 on Friday, but eased 0.40 last week to 68.00. It remains Overbought.<\/p>\n

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

The long term Barometer was unchanged on Friday and dropped 1.80 last week to 60.60. It remains Overbought.<\/p>\n

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

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer dropped 2.82 on Friday and plunged 8.45 last week to 72.30. It remains Overbought. Daily downtrend was extended.<\/p>\n

\"clip_image020\"<\/a><\/p>\n

The long term Barometer slipped 1.41 on Friday, but added 1.41 last week to 82.16. 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 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:30 AM EDT. Verizon added $1.82 to $42.67 after reporting higher than consensus second quarter results. The company also raised guidance. Stellantis dropped $0.08 to $9.12 after warning about a $2.7 billion write […]<\/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-187521","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187521","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=187521"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187521\/revisions"}],"predecessor-version":[{"id":187531,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187521\/revisions\/187531"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=187521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=187521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=187521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}