Pre-opening Comments for Tuesday April 1^st

U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:30 AM EDT.

PVH advanced $10.13 to $74.77 after reporting higher than consensus fourth quarter earnings.

Progress Software gained #.00 to $54.50 after raising earnings guidance higher than consensus.

Johnson & Johnson dropped $5.83 to $160.01 after a judge dismissed the company’s third attempt to resolve its talc liabilities.

Southwest Airlines dropped $1.07 to $32.51 after Jefferies downgraded the stock from Hold to Underperform.

EquityClock’s Market Outlook for April 1^st

After the fourth weakest March performance for stocks in the past five decades, history suggests a strong recovery through April is likely. See:

https://equityclock.com/2025/03/31/stock-market-outlook-for-april-1-2025/

U.S. equity prices and related ETFs and indices recorded a key reversal pattern yesterday. They opened sharply lower, but recovered sharply higher. Following is a list of notable ETFs that briefly broke intermediate support before recovering higher:

Here is a list of S&P 100 and NASDAQ 100 stocks that broke intermediate support in early trading followed by a strong recovery (Note the number of technology stocks on the list):

TSX 60 stocks that broke intermediate support in early trading, but recovered by the end of day included:

A few select large cap U.S. and Canadian equities managed to break to all-time highs: Atria in the U.S. and Fortis in Canada

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 31^st 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for March 31^st 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 31^st 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Tech Wrecked: Who Leads The S&P 500 Higher Next? Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=VsZaMpC2ZXI

Craig Johnson on S&P 500 Targets and Swift Corrections: David Keller

https://www.youtube.com/watch?v=vrOWl-V3wes&t=149s

I’m Buying Emerging Markets: ValueTrendCanada

https://www.youtube.com/watch?v=QKySBB7jAwI

S&P 500 Momentum Barometers

The intermediate term Barometer advanced 5.00 to 40.20. It returned to Neutral from Oversold after moving above 40.00.

The long term Barometer added 2.00 to 44.80. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 2.75 to 52.75. It remains Neutral.

The long term Barometer was unchanged at 55.96. It remains Neutral.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

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

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