Responses to FOMC Announcement Yesterday
The Federal Reserve decided to maintain its Fed Fund Rate at a 3.50%-3.75% rate in an 8 to 4 vote decision. The decision was announced at 2:00 PM EST. Responses to the news after 2:00 PM EST were as follows:
S&P 500 Index recorded a modest gain
The U.S. Dollar Index moved slightly higher
Long term U.S. Treasury Bond prices moved slightly lower
The Canadian Dollar was virtually unchanged.
Technical Notes
Crude Oil ETN (USO) moved above $143.98 to a 10 year high extending an intermediate uptrend.
Corn ETN (CORN) moved above $18.84 extending an intermediate uptrend.
S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included MasterCard (MA) on a move above $527.47, NXP Semiconductor (NXPI) on a move above $255.04 and $286.51 to an all-time high, Visa (V) on a move above $319.44, $335.77, and $366.90, Diamondback Energy (FANG) on a move above $204.91 to an all-time high, CVS Health on a move above $83.72 and Starbucks (SBUX) on a move above $104.15
Healthcare SPDRs (XLV) dropped below 143.07 extending an intermediate downtrend. S&P 100 and NASDAQ 100 Healthcare stocks moving below support extending an intermediate downtrend included Amgen (AMGN) on a move below $335.06, Regeneron (REGN) on a move below $727.88, $717.52 and $691.03, Vertex Pharmaceutical (VRTX) on a move below $425.26, AstraZeneca (AZN) on a move below $182.39
CGI Group (GIB/A.TO) and GIB) a TSX 60 stock moved below Cdn$95.84 and US$69.40 extending an intermediate downtrend. The company reported lower than consensus fiscal second quarter results.
Brookfield Infrastructure Partners (BIP) a TSX 60 stock moved below US$34.74 setting an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for April 29th 2026
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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 29th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for April 28th 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
What RSI Is Telling Us Now About the S&P 500 Rally: David Keller
What RSI Is Telling Us Now About the S&P 500 Rally – YouTube
Chair Powell’s Final Fed Meeting + Big Tech Earnings On Deck | Wednesday, April 29th
Guy Adami and Dan Nathan
Chair Powell’s Final Fed Meeting + Big Tech Earnings On Deck | Wednesday, April 29th – YouTube
CHART THIS with Dave Keller Wednesday 4/29/26
Note comments on the Healthcare sector
https://www.youtube.com/watch?v=OA23pCFQiQU
S&P 500 Momentum Barometers
The intermediate term Barometer dropped another 2.60 to 49.60. It remains Neutral. Daily downtrend was extended.
The short term (20 days) Barometer plunged another 7.20 to 49.80. It remains Neutral. Daily downtrend was extended.
The long term Barometer dropped another 1.60 to 55.80. It remains Neutral. Daily downtrend was extended.
TSX Momentum Barometers
The intermediate term Barometer dropped another 5.00 to 44.09. It remains Neutral. Daily downtrend was extended.
The short term (20 days) Barometer dropped another 1.82 to 44.55. It remains Neutral. Daily downtrend was extended.
The long term Barometer dropped another 2.73 to 69.09. It remains Overbought. 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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Equity Clock Publications