Pre-opening Comments for Tuesday April 21^st

U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points at 8:35 AM EST.

S&P 500 futures were unchanged following release of March U.S. Retail Sales at 8:30 AM EST. Consensus called for a 1.5% increase versus a 0.6% gain in February. Actual was a 1.7% gain.

Apple slipped $0.50 to $272.55 after Tim Cook announced that he will step down as Chief Executive Officer on September 1^st. His replacement is John Ternus.

Amazon gained $6.72 to $255.00 after announcing a $25 billion investment with Anthropic to develop and provide new AI computer chips.

Alaska Airlines dropped $1.84 to $43.56 after reporting less than consensus first quarter earnings.

UnitedHealth Group advanced $23.32 to $346.80 after reporting higher than consensus first quarter earnings.

EquityClock’s Market Outlook for April 21^st

Still Bullish, But Losing Easy Upside: See:

https://equityclock.com/2026/04/20/stock-market-outlook-for-april-21-2026/

Technical Notes

FedEx (FDX) an S&P 100 stock moved above $391.27 to an all-time high extending an intermediate uptrend.

Texas Instruments (TXN) an S&P 100 stock moved above $231.32 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until June 5^th. See seasonality chart at www.EquityClock.com

Old Dominion Freight Line (ODFL) a NASDAQ 100 stock moved above $221.62 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 20^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 20^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 20^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

The Market is on a Rare Run, But Can It Continue? Mary Allen McGonagle

The Market is on a Rare Run, But Can It Continue? – YouTube

S&P 500 Hits 6-Year Resistance Amid Strait of Hormuz Chaos! (Semi Top Warning + BTC $80K): Verified Investing

S&P 500 Hits 6-Year Resistance Amid Strait of Hormuz Chaos! (Semi Top Warning + BTC $80K) – YouTube

Rally Sends S&P 500 To An All-Time High, But Can We Trust It? Tom Bowley

Rally Sends S&P 500 To An All-Time High, But Can We Trust It? – YouTube

Is Fear Slowly Being Placed Back Into The Market? Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=H-kZXhluFHg

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.00 to 62.00. It remains Overbought. Daily uptrend was extended.

The short term (20 days) Barometer slipped 2.00 to 78.40. It remains Overbought.

The long term Barometer dropped 1.00 to 60.60. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 2.27 to 63.18. It remains Overbought.

The short term (20 days) Barometer dropped $2.73 to 70.00. 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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