Pre-opening Comments for Tuesday April 29^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points at 8:30 AM EDT.

The Canadian Dollar slipped 0.05 to US72.26 cents following release of initial results from the Canadian federal election.

F5 advanced $6.93 to $272.00 after reporting higher than consensus first quarter results.

Cadence Design Systems gained $7.76 to 293.50 after reporting higher than consensus first quarter results. The company also offered positive second quarter guidance.

NXP Semiconductor dropped $14.44 to $184.80 after lowering second quarter guidance.

United Parcel Service added $1.84 to $98.93 after reporting higher than consensus first quarter earnings.

EquityClock’s Market Outlook for April 29^th

Short-term breadth indicators continue to improve off of their significant oversold lows charted earlier in April, but scrutiny of the trend will be warranted ahead as the equity market enters its offseason. See:

https://equityclock.com/2025/04/28/stock-market-outlook-for-april-29-2025/

Technical Notes

Brazil iShares $EWZ moved above $27.14 extending an intermediate uptrend.

United Kingdom iShares $EWU moved above $38.10 to an all-time high extending an intermediate uptrend.

Italy iShares $EWI moved above $44.16 to an all-time high extending an intermediate uptrend.

AirBNB $ABNB a NASDAQ 100 stock moved above $123.29 extending an intermediate uptrend.

Zscaler $ZS a NASDAQ 100 stock moved above $217.84 extending an intermediate uptrend.

Nutrien $NTR.TO a TSX 60 stock moved above Cdn$77.61 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 25^th 2025

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 28^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 28^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Top Stock Areas After the Rally: What Smart Money Is Buying: Mary Ellen McGonagle

Top Stock Areas After the Rally: What Smart Money Is Buying – YouTube

Markets can continue to rally if earnings continue to be good, says Hightower’s Stephanie Link

Markets can continue to rally if earnings continue to be good, says Hightower’s Stephanie Link – YouTube

Investors Brace for Epic Week of Earnings: Guy Adami and Dan Nathan

Investors Brace for Epic Week of Earnings – YouTube

Big Tech earnings on deck: Here’s what to expect from MSFT, META, AMZN & AAPL

Big Tech earnings on deck: Here’s what to expect from MSFT, META, AMZN & AAPL – YouTube

Natural Gas Is Quietly Taking Over the Energy Sector: David Keller

https://www.youtube.com/shorts/PGKYDgxRnfg

CHART THIS with David Keller, CMT Monday 4/28/25: David Keller

https://www.youtube.com/watch?v=FL6xpiv1bgk

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.60 to 35.40. It remains Oversold. Daily uptrend was extended.

The long term Barometer added another 0.60 to 35.40. It remains Oversold. Daily uptrend was extended.

Short term (20 days) Barometer jumped 7.60 to 73.60. It remains Overbought. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 4.13 to 55.05. It remains Neutral. Daily uptrend was extended.

The long term Barometer added 0.92 to 51.38. It remains Neutral. Daily uptrend was extended.

Short term (20 days) Barometer jumped 5.96 to $79.36. It remains Overbought. Daily uptrend 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.

More from the network: Stock Market Outlook for April 29, 2025 Stock Market Outlook for April 28, 2025 Stock Market Outlook for April 25, 2025 Stock Market Outlook for April 24, 2025 Stock Market Outlook for April 23, 2025