Pre-opening Comments for Thursday April 23^rd

U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:30 AM EST.

Tesla (TSLA) dropped $11.51 to $376.25 despite reporting higher than consensus first quarter free cash flow. Tesla’s plan to expand its robotaxi service has been delayed.

CSX gained $2.96 to $46.14 after reporting higher than consensus fiscal third quarter earnings.

Texas Instruments (TXN) advanced $17.11 to $253.42 after reporting higher than consensus fiscal third quarter earnings. The company also raised fiscal fourth quarter guidance.

Lulu Lemon (LULU) dropped $9.32 to $154.13 after announcing a new chief executive officer.

EquityClock’s Market Outlook for April 23^rd

Meme stock frenzy showing initial signs of fatigue. See:

https://equityclock.com/2026/04/22/stock-market-outlook-for-april-23-2026/

Technical Notes

Broadcom (AVGO) an S&P 100 stock moved above $412.95 to an all-time high extending an intermediate uptrend.

ON Semiconductor (ON) a NASDAQ 100 stock moved above $86.77 to a 29 month high extending an intermediate uptrend

Palo Alto Networks (PANW) a NASDAQ 100 stock moved above $179.27 extending an intermediate uptrend.

Raytheon Technologies (RTX) an S&P 100 stock moved below $185.57 extending an intermediate downtrend.

Honeywell (HON) a Dow Jones Industrial Average stock moved below $219.83 completing a double top pattern.

GE Aerospace (GE) an S&P 100 stock moved below $470.79 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 22^nd 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 22^nd 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 22^nd 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Can Earnings Keep the S&P 500 Above 7000? 5 Stocks to Watch: David Keller

Can Earnings Keep the S&P 500 Above 7000? 5 Stocks to Watch – YouTube

IWM vs SPX: Who Wins In This Enviornment? Dan Nathan and Carter Werth

IWM vs SPX: Who Wins In This Enviornment? – YouTube

Oil Higher, Stocks Higher: Investors Turn Away from Iran & Toward Earnings: Schwab

Oil Higher, Stocks Higher: Investors Turn Away from Iran & Toward Earnings – YouTube

Markets IGNORE Iran Attacks?! S&P 500 Channel, SOXX Warning & Key Earnings: Verified Investing.

Markets IGNORE Iran Attacks?! S&P 500 Channel, SOXX Warning & Key Earnings – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 2.20 to 54.80. It remains Neutral.

The short term (20 days) Barometer dropped 3.80 to 65.40. It remains Overbought.

The long term Barometer added 0.40 to 58.20. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 0.45 to 53.64. It remains Neutral.

The short term (20 days) Barometer added 1.36 to 59.09. It remains Neutral.

The long term Barometer added 0.45 to 75.00. 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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