Pre-opening Comments for Tuesday April 14^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:35 AM EST.

S&P 500 futures were unchanged following release of economic news at 8:30 AM EST. Consensus for the March U.S. Producer Price Index was a 1.1% increase versus a 0.7% increase in February. Actual was a 0.5% increase. Consensus for March PPI ex food and energy was a 0.4% gain versus a 0.5% gain in February. Actual was a 0.1% increase.

JP Morgan dropped $2.68 to $311.00 after announcing a cut in its forecast for net interest income

Johnson & Johnson dropped $3.00 to $234.98 despite raising guidance for 2026.

Bloom Energy jumped $17.33 to $194.00 after expanding its partnership with Oracle to deploy fuel cell systems used for AI and cloud infrastructure.

EquityClock’s Market Outlook for April 14^th 2026

After playing the contrarian and betting aggressively into the seasonally favourable month of April for stocks, we are starting to lean cautious. See:

https://equityclock.com/2026/04/13/stock-market-outlook-for-april-14-2026/

Canadian Association for Technical Analysis Presentation

On Tuesday, April 14th, 8pm EDT via Zoom, your Canadian Association for Technical Analysts (CATA), will have Louise Bedford speaking to the group .. joining us all the way from Australia! The title of her presentation is Trading Psychology Secrets. See the following for background and connection.

Emailing – Canadian Association for Technical Analysis (canadianata.ca)

Technical Notes

Brazil iShares (EWZ) moved above $41.52 to a 17 year high extending an intermediate uptrend.

Bank of New York Mellon (BK) an S&P 100 stock moved above $128.76 to an all-time high extending an intermediate uptrend.

S&P/TSX Financials iShares (XFN.TO) moved above Cdn$80.29 to an all-time high extending an intermediate uptrend. Units track the S&P/TSX Financial Index that also broke to an all-time high above Cdn$645.17.

Saputo (SAP.TO) a TSX 60 stock moved below Cdn$42.12 and Cdn$41.13 setting an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 13^th 2026

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 13^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 13^th 2026

Green: Increase from previous day

Red: Decrease from previous day

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S&P 500 Momentum Barometers

The intermediate term Barometer added 7.40 to 51.00. It remains Neutral. Daily uptrend was extended.

The short term (20 days) Barometer added 4.40 to 71.00. It remains Overbought.

The long term Barometer added 2.40 to 56.60. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 2.26 to 63.80. It remains Overbought. Daily uptrend was extended.

The short term (20 days) Barometer added 3.62 to 75.11. It remains Overbought.

The long term Barometer added 1.36 to 74.66. It remains Overbought.

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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