Pre-opening Comments for Wednesday April 17^th

U.S. equity index futures (except the Dow Jones Industrial Average with its heavy weight in UnitedHealth Group) were higher this morning. S&P 500 futures were up 41 points at 8:35 AM EDT

S&P 500 Index futures added 15 points following release of economic news at 8:30 AM EDT. Consensus for U.S. March Housing Starts was a drop to 1.420 million units from 1.501 million units in February. Actual was a drop to 1.324 million units. Consensus for the April Philly Fed Manufacturing Index was a drop to 3.1 from 12.5 in March. Actual was a drop to -26.4.

UnitedHealth Group plunged $116.04 to $468.82 after reporting less than consensus first quarter results.

Alcoa dropped $0.25 to $24.70 after the company indicated no immediate plans to restart its idled U.S. production capacity, despite the Trump administration’s new tariffs on imports.

Taiwan Semiconductor advanced $4.72 to $156.39 after reporting higher than consensus first quarter results.

EquityClock’s Outlook for April 17^th

The Dollar Index is pushing below significant multi-year support at 100 and the breakdown may be just getting started. See:

https://equityclock.com/2025/04/16/stock-market-outlook-for-april-17-2025/

New Investment Opportunities in the Energy Sector: Josef Schachter

New Investment Opportunities in the Energy Sector – YouTube

Technical Notes

Silver Miners ETF $SIL moved above $41.52 extending an intermediate uptrend.

Barrick Gold $ABX.TO a TSX 60 stock moved above Cdn$28.99 to a 3 year high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 16^th 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 16^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 16^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Nvidia Drags Down Tech Stocks: Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=bpicNW7-pwA

What’s the reasoning behind the Bank of Canada interest decision?

https://www.youtube.com/watch?v=6rbJ1ELBw34

Trade Pullbacks Like a Pro: Simple Moving Average Strategy That Works: Joe Rabil

https://www.youtube.com/watch?v=zOMBmkBaP6A

What More Could Go Wrong? ValueTrendCanada

https://www.youtube.com/watch?v=f99wN-eSaJs

Hedgeye Investing Summit Spring 2025 | , Portfolio Manager for PINK Shares for the Cure

https://www.youtube.com/watch?v=fhUvC-fH6pQ

CHART THIS with David Keller, CMT Wednesday 4/16/25

https://www.youtube.com/watch?v=g5gOz96CpQ4

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 4.60 to 21.60. It remains Oversold.

The long term Barometer dropped 2.00 to 29.60. It remains Oversold.

TSX Momentum Barometers

The intermediate term Barometer added 4.59 to 42.20. It changed from Oversold to Neutral on a move above 40.00. Daily uptrend was extended.

The long term Barometer slipped 0.46 to 43.12. 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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