Pre-opening Comments for Friday April 24^th

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

The Canadian Dollar was unchanged following release of Canada’s February Retail Sales at 8:30 AM EST. Consensus called for a 0.9% increase. Actual was a 0.7% increase.

Intel (INTC) advanced $9.32 to $76.11 after reporting higher than consensus first quarter earnings. The company also offered positive guidance.

Advanced Micro Devices gained $40.27 to $345.60 after Stifel raised its target price on the stock.

Newmont Corp (NEM) added $0.44 to $111.50 after reporting higher than consensus first quarter results. Seasonal influences are favourable until June 2^nd See seasonality chart at www.EquityClock.com

Procter & Gamble (PG) added $4.30 to $150.01 after reporting higher than consensus fiscal third quarter earnings.

EquityClock’s Market Outlook for April 24^th

Short covering rally is over: Three segments to scrutinize whether the market can gain a more balanced footing from here or falter back towards the March lows. See:

https://equityclock.com/2026/04/23/stock-market-outlook-for-april-24-2026/

Mark Leibovit: Classic Set Up for Sell in May Go Away – April 23, 2026

Mark Leibovit: Classic Set Up for Sell in May Go Away – April 23, 2026 – YouTube

Wolfe on Bay Street

Don Vialoux is a guest analyst on Wolfe’s weekly business show to be released on Corus Radio 640 on Saturday at 7:00 PM EST and on Sunday at 5:00 PM EST.

Technical Notes

Oil Services ETF (OIH) moved above $423.85 to an all-time high extending an intermediate uptrend.

Gasoline ETN (UGA) moved above $108.07 to an all-time high extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving above resistance extending intermediate uptrends included Schlumberger (SLB) on a move above $54.80, Charter Communications (CHTR) on a move above $249.24, Microchip Technology (MCHP on a move above $82.86, Roper Technologies (ROP) on a move above $368.33, NextEra Energy (NEE) on a move above $96.21 to an all-time high and Union Pacific (UNP) on a move above $268.14 to an all-time high.

S&P 100 and NASDAQ 100 stocks moving below support extending an intermediate downtrend included Danaher (DHR) on a move below $59.31, Charles Schwab (SCHW) on a move below $90.00 and $89.04,Thermo Fisher Scientific (TMO) on a move below $458.34, Lulu Lemon (LULU) on a move below $458.34.

Teck Resources (TECK) a TSX 60 stock moved above US$62.26 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 23^rd 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 23^rd 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 23^rd 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

This Big Shift in Tech Stocks Is Driving the Market Joe Rabil

https://www.youtube.com/watch?v=oSkZVR135Ws

Stocks Continue Shrugging Off Iran Conflict: Dan Nathan and Liz Thomas

https://www.youtube.com/watch?v=U5AcCR8cqVM

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.40 to 55.20. It remains Neutral.

The short term Barometer added 0.80 to 66.20. It remains Overbought.

The long term Barometer was unchanged at 58.20. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.45 to 53.18. It remains Neutral.

The short term (20 days) Barometer dropped another 2.73 to 56.36.It remain Neutral. Daily downtrend was extended.

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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