Technical Notes
The VIX Index opened higher yesterday, but closed at a low (dark candle) indicating a reversal pattern (i.e. possible short term peak for VIX and possible short term low for the S&P 500 Index)
Additional notable U.S. listed ETFs breaking support setting/extending intermediate downtrends included U.S. Insurance iShares. Healthcare SPDRs, Utility SPDRs, U.S. Medical Devices iShares, U.S. Real Estate iShares, Silver Miners ETF, EAFA iShares, South Korea iShares, South Africa iShares, United Kingdom iShares, Hong Kong iShares.
Another 38 S&P 100 and NASDAQ 100 stocks broke intermediate support setting/extending intermediate downtrends.
Another seven TSX 60 stocks broke intermediate support setting /extending intermediate downtrends. They were Commerce Bank, Sun Life Financial, Imperial Oil, Enbridge, Canadian National Railway, Brookfield Infrastructure and CAE.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 7th 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 April 7th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 7th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Wharton’s Jeremy Siegel: Tariffs are the biggest policy mistake in 95 years
Wharton’s Jeremy Siegel: Tariffs are the biggest policy mistake in 95 years – YouTube
Markets Will Be Up a Year From Now, Rosenberg Says
Markets Will Be Up a Year From Now, Rosenberg Says – YouTube
Market Drop Compared to 2020? What You Need to Know Now: Mary Ellen McGonagle
Market Drop Compared to 2020? What You Need to Know Now – YouTube
SPX Slips Into Bear Market, Investment Strategies & Earnings Season on Horizon: Liz An Sonders
SPX Slips Into Bear Market, Investment Strategies & Earnings Season on Horizon – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer plunged 5.20 to 7.80, lowest point since October 2022. It is extremely oversold, but has yet to show technical signs of a bottom.
The long term Barometer dropped 3.20 to 20.20, lowest level since October 2022. It remains oversold, but has yet to show technical signs of a bottom.
The short term (20 das) Barometer dropped 3.80 to 2.60, lowest level since October 2022.
TSX Momentum Barometers
The intermediate term Barometer plunged 5.50 to 17.43. It is extremely Oversold. Daily trend remains down.
The long term Barometer dropped 5.50 to 28.90. It remains Oversold. Daily trend remains down.
Short term (20 days) Barometer dropped 6.42 to 4.59, lowest level since October 2022.
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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Equity Clock Publications