Technical Notes
Japan iShares $EWJ moved above $71.88 to an all-time high extending an intermediate uptrend.
Healthcare SPDRs $XLV moved above $139.44 completing a double bottom pattern. Technical score increased from 0 to 4.
Cognizant $CTSH a NASDAQ 100 stock moved above $73.21 completing a double bottom pattern.
Magna International $MG.TO a TSX 60 stock moved above Cdn$47.87 completing a double bottom pattern. Response to auto tariffs peeling back?
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 29th 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 29th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 29th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Planes, Trains & Automobiles: Economic Warning? Guy Adami and Dan Nathan
https://www.youtube.com/watch?v=gN6R8vI2RGM
CHART THIS with David Keller, CMT Tuesday 4/29/25
Note comments on the inverted yield curve
https://www.youtube.com/watch?v=DYBlQ1TU9LI
S&P 500 Momentum Barometers
The intermediate term Barometer advanced another 4.80 to 40.00. It changed from Oversold to Neutral by reaching 40.00. Daily uptrend was extended
The long term Barometer added another 1.40 to 36.80. It remains Oversold. Daily uptrend was extended.
Short term (20 days) Barometer added another 4.60 to 78.20. It remains Overbought. Uptrend was extended.
TSX Momentum Barometers
The intermediate term Barometer slipped 1.38 to 53.67. It remains Neutral.
The long term Barometer added another 1.38 to 52.75. It remains Neutral.
The short term (20 days) Barometer slipped 0.92 to $78.44. It remains Overbought. Early signs of an approaching peak?
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.
|
|
Equity Clock Publications