Pre-opening Comments for Friday April 25th
U.S. equity index futures were lower this morning. S&P 500 futures were down 14 points at 8:30 AM EDT.
Alphabet advanced $3.06 to $161.47 after reporting higher than consensus first quarter results.
![clip_image001[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/04/clip_image0011-5.png "clip_image001[1]")
Schlumberger dropped $0.63 to $34.30 after reporting less than consensus first quarter earnings.
![clip_image002[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/04/clip_image0021-6.png "clip_image002[1]")
Agnico-Eagle Mines added $1.73 to US$121.36 after reporting higher than consensus first quarter results.
Intel dropped $0.94 to $20.55 after offering guidance below consensus.
![clip_image004[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/04/clip_image0041-3.png "clip_image004[1]")
EquityClock’s Market Outlook for April 25th
The Technology Sector has broken above short-term declining trendline resistance, but the intermediate-term trajectory remains threatening. See:
https://equityclock.com/2025/04/24/stock-market-outlook-for-april-25-2025/ Technical Notes
Netflix $NFLX a NASDAQ 100 stock moved above $1,064.50 to an all-time high extending an intermediate uptrend.
Take Two Interactive $TTWO a NASDAQ 100 stock moved above $220.93 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 24th 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 24th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 24th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
The Walmart Recession Indicator: Guy Adami and Danny Moses
https://www.youtube.com/watch?v=8vxI4qrvNFk
How to Prep for the Next Bull Run (Before Everyone Else): Tom Bowley
https://www.youtube.com/watch?v=pWgv2kXFrpM
CHART THIS with David Keller, CMT Thursday 4/24/25: David Keller
https://www.youtube.com/watch?v=l2avz3ki0Bg
S&P 500 Momentum Barometers
The intermediate term Barometer advanced another 5.40 to 33.20. It remains Oversold. Daily trend remains up.
The long term Barometer added 3.00 to 34.20. It remains Oversold, Daily trend remains up.
Short term (20 days) Barometer jumped 22.40 to 67.60. It changed from Neutral to Overbought on a move above 60.00.
TSX Momentum Barometers
The intermediate term Barometer jumped 11.01 to 54.13. It remains Neutral. Daily uptrend was extended.
The long term Barometer added 2.75 to 50.00. It remains Neutral. Daily uptrend was extended.
Short term (20 days) Barometer jumped 15.14 to 73.39. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.
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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April 26th, 2025 at 1:00 pm
1. Larry/ON Says:
April 23rd, 2025 at 9:13 am
TD – I would really appreciate it if someone who has it figured out can explain it to me. It is the best performing Cdn bank with an incredible chart yet when I try to look up research I get a sell rating from CFRA. BMO has an outperform rating with a target of $95
Larry, regarding this question of yours from a few days ago: I just looked at the weekly chart of TD.TO. It has had a buy signal on Ron/BC’s modified MACD since the beginning of the year. You say yourself that “it is the best performing Cdn bank with an incredible chart”. Why do you even bother with analyst ratings? Just follow the chart.
I have been in and out of this stock recently due to the volatility of the market but got back in on April 8.
https://schrts.co/icrjwDUC
April 26th, 2025 at 4:57 pm
Paula / Larry
Staying away from all the banks until we get a clearer signal on direction of policy to the south. Too much moving around and while we have had a strong reversal from the lows, May is around the corner and expect we retest if not move lower in the next 3-4 months. If TD was to retest the 76-78 range it could be a good pickup, but ignoring the charts to see how the seasonal performance goes. Overall, TD’s value is it is so cheap relative to the other CAD banks, so my guess is bargain hunters pushing it up and looking for a yield.
Can’t remember where I heard the comments on BNN this week (maybe Berman), but a commentator had mentioned the market is not trading on fundamentals, it’s all fantasy. Have to agree, and this is a bear market trap (false rally).
April 27th, 2025 at 1:55 pm
ZEB- BMO Equal Weight Canadian Bank ETF
ZEB.to has rolled over and trending down. It is not a strong downtrend and price may rally once the election is decided and that uncertainty is removed from the market. Nonetheless, to turn bullish again, I am waiting for price to move above the recent downtrend and for the +DM on the ADX indicator to make a higher high.
https://schrts.co/pYVWeIWd