{"id":184937,"date":"2025-04-03T20:09:04","date_gmt":"2025-04-04T00:09:04","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184937"},"modified":"2025-04-04T08:57:40","modified_gmt":"2025-04-04T12:57:40","slug":"tech-talk-for-friday-april-4th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/03\/tech-talk-for-friday-april-4th-2025\/","title":{"rendered":"Tech Talk for Friday April 4th 2025"},"content":{"rendered":"

<\/strong><\/font> <\/p>\n

Pre-opening Comments for Friday April 4th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were sharply lower this morning.<\/b> S&P 500 futures were down 157 points at 8:35 AM EDT.<\/em><\/p>\n

Index futures responded partially to China\u2019s retaliation to U.S. tariffs<\/b> with a 34% tariff on U.S. imported goods. <\/em><\/p>\n

S&P 500 futures dropped an additional 9 points at 8:35 AM EDT following release of the March U.S. Non-farm Payrolls<\/b> at 8:30 AM EDT. Consensus was a drop to 140,000 from 151,000 in February. Actual was an increase to 228,000. March Unemployment Rate<\/b> was expected to remain unchanged at 4.1% in February. Actual was an increase to 4.2%. March Average Hourly Earnings<\/b> were expected to increase 0.3% versus unchanged in February. Actual was a 0.3% increase. On a year-over-year basis, March Average Hourly Earnings<\/b> were expected to increase 3.9% versus a 4.0% gain in February. Actual was a 3.8% increase.<\/em><\/p>\n

The Canadian Dollar dropped 0.17 to US70.32 cents following release of Canada\u2019s March Employment Change <\/b>released at 8:30 AM EDT. Consensus was a 10,000 increase from a 1,100 increase in February. Actual was a 32,900 drop. Consensus for March Unemployment Rate was unchanged at 6.6%. Actual was an increase to 6.7%<\/em><\/p>\n

Magnificent 7 ETF<\/b> plunged $2.01 to $41.93 in response to increasing tariff wars.<\/em><\/p>\n

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Tesla<\/b> plunged $15.50 to $251.69 following news of China\u2019s tariffs on U.S. goods. <\/em><\/p>\n

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KraftHeinz<\/b> dropped $0.18 to $30.63 after Citigroup downgraded the stock from Neutral to Sell.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for April 4th<\/sup><\/strong><\/font><\/em><\/p>\n

The bond market is saying A LOT about where we are in this economic and stock market cycle. See: <\/em><\/b><\/p>\n

The bond market is saying A LOT about where we are in this economic and stock market cycle. (equityclock.com)<\/em><\/a><\/p>\n

Technical Notes for Friday<\/strong><\/font><\/p>\n

Notable Sector ETFs<\/b> breaking intermediate support yesterday included:<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> breaking intermediate support yesterday included:<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> moving above intermediate resistance included<\/p>\n

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TSX 60 stocks<\/b> breaking intermediate support included<\/p>\n

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Yield on 10 year U.S. Treasuries<\/p>\n

It dropped below intermediate support at 4.126% and 4.106% to a six month low completing a Head & Shoulders pattern.<\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for April 3rd<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for April 3rd<\/sup> 2025<\/p>\n

\"clip_image015\"<\/a><\/b><\/p>\n

Green: Increase from previous day<\/font> <\/b><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

<\/font><\/em><\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for April 3rd<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Kudlow breaks down the impact of Trump\u2019s tariff agenda<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=dRObS4OfJlg<\/a><\/p>\n

China vows countermeasures if U.S. doesn’t immediately cancel tariffs<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=MDzFeBGo7KU<\/a><\/p>\n

Canada\u2019s prime minister reacts to Trump\u2019s tariffs<\/b><\/p>\n

Canada\u2019s prime minister reacts to Trump\u2019s tariffs \u2013 YouTube<\/a><\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image018\"<\/a><\/p>\n

The intermediate term Barometer plunged 10.40 to 32.40. It changed from Neutral to Oversold on a drop below 40.00.<\/p>\n

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The long term Barometer plunged 12.40 to 37.40. It changed from Neutral to Oversold on a move below 40.00.<\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer plunged 14.22 to 44.04. It remains Neutral.<\/p>\n

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The long term Barometer plunged 11.93 to 47.71. It remains Neutral.<\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Friday April 4th U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 157 points at 8:35 AM EDT. Index futures responded partially to China\u2019s retaliation to U.S. tariffs with a 34% tariff on U.S. imported goods. S&P 500 futures dropped an additional 9 points at 8:35 AM […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-184937","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=184937"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184937\/revisions"}],"predecessor-version":[{"id":184945,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184937\/revisions\/184945"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}