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May 31, 2025 | Tech Talk for May 31st 2025

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Technical momentum by broadly based U.S. equity indices weakened last week below high levels reached on or near May 16th: S&P 500 at 5,968.61, Dow Jones Industrial Average at 42,892.04, NASDAQ Composite Index at 19,389.39 and Russell 2000 ETF at 210.13. Major U.S. equity indices have entered into a brief period of shallow seasonal weakness that normally lasts until the end of June.

Economic focus this week in on the May employment report released on Friday Earnings news by S&P 500 companies is quiet this week. Focus is on Broadcom’s report on Thursday.

Outside the U.S., the focus is on central bank announcements. The European Central Bank and the Bank of Canada are expected to lower their interest rate offered to major banks by 0.25%.

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May 31st, 2025

Posted In: Tech Talk

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