Technical Notes
Dow Jones Industrial Average moved above 40,791.18 and Dow Jones Industrial Average SPDRs ($DIA) moved above $407.82 completing double bottom patterns.
Microsoft $MSFT a Dow Jones Industrial Average stock moved above $393.23 and $396.36 completing a Reverse Head & Shoulders pattern.
Meta Platforms $META an S&P 100 stock moved above $587.89 completing a double bottom pattern.
Advanced Micro Devices $AMD an S&P 100 stock moved above $97.31 completing a double bottom pattern.
TSX 60 stocks breaking to all-time highs included TC Energy $TRP.TO, Enbridge $ENG.TO and Thomson Reuters $TRI.TO.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 1st 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 May 1st 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 1st 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Top 10 Stock Charts For May 2025: Breakouts, Trends & Big Moves! David Keller
https://www.youtube.com/watch?v=9hGpBzk3sys
Tech Stocks Lead Market Comeback: MSFT & META Fuel the Rally: Tom Bowley
https://www.youtube.com/watch?v=RjamFn7M2WU
CHART THIS with David Keller, CMT Thursday 5/1/25
https://www.youtube.com/watch?v=W8W4yTRr7xo
S&P 500 Momentum Barometers
The intermediate term Barometer slipped 1.80 to 41.00. It remains Neutral.
The long term Barometer added 0.80 to 37.60. It remains Oversold. Daily uptrend was extended.
TSX Momentum Barometers
The intermediate term Barometer was unchanged at 54.59. It remains Neutral.
The long term Barometer dropped 2.29 to 50.92. 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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May 2nd, 2025 at 5:26 pm
FishFat,
Thanks for your detailed response on April 30th. I really like using ADX so I was curious to understand how you use it. But it does lag so sometimes I anticipate a change in trend which does not always work out. As you say, it depends on your risk tolerance. Your 4-EMA is so close to crossing over the 18-EMA but not quite there. Interesting to see how everyone has a different approach…
May 3rd, 2025 at 9:11 am
Here is a weekly recap that I have been following for several years which you might find helpful.
https://www.thetraderisk.com/smw/?utm_source=Trade+Risk+Website+Subscribers&utm_campaign=52e655f11f-Weekend_Newsletter_04-30-2021_COPY_01&utm_medium=email&utm_term=0_9e8e2fd892-52e655f11f-273476763&goal=0_9e8e2fd892-52e655f11f-273476763&mc_cid=52e655f11f&mc_eid=731241f59f
May 4th, 2025 at 5:28 pm
W.Smith,
Thanks for your contribution.