{"id":187595,"date":"2025-07-22T20:34:23","date_gmt":"2025-07-23T00:34:23","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=187595"},"modified":"2025-07-23T08:49:00","modified_gmt":"2025-07-23T12:49:00","slug":"tech-talk-for-wednesday-july-23rd-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/07\/22\/tech-talk-for-wednesday-july-23rd-2025\/","title":{"rendered":"Tech Talk for Wednesday July 23rd 2025"},"content":{"rendered":"

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

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 24 points at 8:30 AM EDT. Futures reacted to news that an agreement on tariffs between Japan and the United States has been reached. The Nikkei Average responded by advancing 1,396.40 points to 41,171.32<\/em><\/p>\n

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Texas Instruments<\/b> (TXN) dropped $19.93 to $194.99 after offering a weaker than expected third quarter outlook.<\/em><\/p>\n

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Capital One<\/b> Financial<\/b> added $4.26 to $221.68 after reporting higher than consensus second quarter earnings.<\/em><\/p>\n

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Canadian National Railway<\/b> dropped $1.12 to US$99.25 after lowering its 2025 outlook.<\/em><\/p>\n

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

Add credit spreads to the list of things to scrutinize to determine when the risk-off phase for stocks begins. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/07\/22\/stock-market-outlook-for-july-23-2025\/<\/em><\/a><\/p>\n

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

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

Steel ETF<\/b> (SLX) moved above $72.44 to an all-time high extending an intermediate uptrend.<\/p>\n

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Gold Bug Index ($HUI) <\/b>moved above $442.77, Gold Miners ETF <\/b>(GDX) moved above U.S.$54.70 and S&P\/TSX Global Gold iShares<\/b> (XGD.TO) moved above Cdn$32.40 to an all-time high extending intermediate uptrends. Strength was triggered by Agnico-Eagle Mines<\/b> (AEM) on a move above Cdn$174.90 and US$1026.95 to an all-time high and by Wheaton Precious Metals<\/b> (WPM) on a move above Cdn$129.87 and US$95.23 to an all-time high.<\/p>\n

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S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included eBay<\/b> (EBAY) on move above $79.84, American Electric Power<\/b> (AEP) on a move above $109.50, DR Horton<\/b> (DHI) on a move above $153.27, American Tower<\/b> on a move above $230.08, Xcel Energy<\/b> on a move above $235.86, Northrop Grumman<\/b> (NOC) on a move above $548.14 and Rio Tinto<\/b> (RIO) on a move above $62.80 and $64.23.<\/p>\n

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Lockheed Martin<\/b> (LMT) an S&P 100 stock moved below $443.41 and $442.02 after reporting less than consensus second quarter results. <\/p>\n

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Dollarama <\/b>(DOL.TO) a TSX 60 stock moved below Cdn$186.95 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 July 22nd<\/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 22nd<\/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 July 22nd<\/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

A sell-off would be ‘pretty healthy’ and reset the uptrend, says Fairlead’s Katie Stockton<\/b><\/p>\n

A sell-off would be ‘pretty healthy’ and reset the uptrend, says Fairlead’s Katie Stockton \u2013 YouTube<\/a><\/p>\n

Energy, Gold, Silver & Miners Trade Setups: TheTechnicalTraders<\/b><\/p>\n

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

Why Gold Is Spiking and What It Means for Silver: CPM Group<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=CZlxDxzSXN0<\/a><\/p>\n

CHART THIS with David Keller, CMT Tuesday 7\/22\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=nEgB__sfdO4<\/a><\/p>\n

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

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The intermediate term Barometer advanced 10.40 to 74.00. It remains Overbought.<\/p>\n

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The long term Barometer advanced 5.60 to 65.60, a six month high. It remains Overbought.<\/p>\n

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

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

The intermediate term Barometer added 3.29 to 77.00. It remains Overbought.<\/p>\n

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The long term Barometer was unchanged at 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 Wednesday July 23rd U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:30 AM EDT. Futures reacted to news that an agreement on tariffs between Japan and the United States has been reached. The Nikkei Average responded by advancing 1,396.40 points to 41,171.32 Texas Instruments […]<\/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-187595","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187595","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=187595"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187595\/revisions"}],"predecessor-version":[{"id":187605,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/187595\/revisions\/187605"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=187595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=187595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=187595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}