{"id":185009,"date":"2025-04-07T19:59:50","date_gmt":"2025-04-07T23:59:50","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185009"},"modified":"2025-04-08T08:53:31","modified_gmt":"2025-04-08T12:53:31","slug":"tech-talk-for-tuesday-april-8th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/07\/tech-talk-for-tuesday-april-8th-2025\/","title":{"rendered":"Tech Talk for Tuesday April 8th 2025"},"content":{"rendered":"

Pre-opening Comments for Tuesday April 8th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 136 points at 8:30 AM EDT.<\/em><\/p>\n

Broadcom <\/b>added $8.71 to $162.85 after announcing a new $10 billion share buyback program.<\/em><\/p>\n

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Levi Straus<\/b> advanced $0.41 to $13.91 after reporting higher than consensus first quarter earnings and revenues.<\/em><\/p>\n

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CVS Health<\/b> gained $5.46 to $69.31 after the U.S. government announced a $25 billion increase in projected payments for Medicare Advantage plans. <\/em><\/p>\n

\"clip_image003[4]\"<\/em><\/a><\/p>\n

RPM International<\/b> dropped $6.70 to $100.00 after reporting lower than consensus fiscal third quarter results. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for April 8th<\/sup><\/strong><\/font><\/em><\/p>\n

The S&P 500 Index has reached our intermediate-term downside target very quickly.<\/em><\/b><\/p>\n

See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/04\/07\/stock-market-outlook-for-april-8-2025\/<\/em><\/a><\/p>\n

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

The VIX Index opened higher yesterday, but closed at a low (dark candle) indicating a reversal pattern (i.e. possible short term peak for VIX and possible short term low for the S&P 500 Index)<\/p>\n

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Additional notable U.S. listed ETFs breaking support setting\/extending intermediate downtrends included U.S. Insurance iShares. Healthcare SPDRs, Utility SPDRs, U.S. Medical Devices iShares, U.S. Real Estate iShares, Silver Miners ETF, EAFA iShares, South Korea iShares, South Africa iShares, United Kingdom iShares, Hong Kong iShares.<\/p>\n

Another 38 S&P 100 and NASDAQ 100 stocks broke intermediate support setting\/extending intermediate downtrends. <\/p>\n

Another seven TSX 60 stocks broke intermediate support setting \/extending intermediate downtrends. They were Commerce Bank, Sun Life Financial, Imperial Oil, Enbridge, Canadian National Railway, Brookfield Infrastructure and CAE.<\/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 7th<\/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 7th<\/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

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

Daily Seasonal\/Technical Sector Trends for April 7th<\/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

Wharton’s Jeremy Siegel: Tariffs are the biggest policy mistake in 95 years<\/b><\/p>\n

Wharton’s Jeremy Siegel: Tariffs are the biggest policy mistake in 95 years \u2013 YouTube<\/a><\/p>\n

Markets Will Be Up a Year From Now, Rosenberg Says<\/b><\/p>\n

Markets Will Be Up a Year From Now, Rosenberg Says \u2013 YouTube<\/a><\/p>\n

Market Drop Compared to 2020? What You Need to Know Now: Mary Ellen McGonagle<\/b><\/p>\n

Market Drop Compared to 2020? What You Need to Know Now \u2013 YouTube<\/a><\/p>\n

SPX Slips Into Bear Market, Investment Strategies & Earnings Season on Horizon: Liz An Sonders <\/b><\/p>\n

SPX Slips Into Bear Market, Investment Strategies & Earnings Season on Horizon \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer plunged 5.20 to 7.80, lowest point since October 2022. It is extremely oversold, but has yet to show technical signs of a bottom.<\/p>\n

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The long term Barometer dropped 3.20 to 20.20, lowest level since October 2022. It remains oversold, but has yet to show technical signs of a bottom.<\/p>\n

The short term (20 das) Barometer dropped 3.80 to 2.60, lowest level since October 2022.<\/p>\n

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

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The intermediate term Barometer plunged 5.50 to 17.43. It is extremely Oversold. Daily trend remains down.<\/p>\n

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The long term Barometer dropped 5.50 to 28.90. It remains Oversold. Daily trend remains down.<\/p>\n

Short term (20 days) Barometer dropped 6.42 to 4.59, lowest level since October 2022. <\/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 Tuesday April 8th U.S. equity index futures were higher this morning. S&P 500 futures were up 136 points at 8:30 AM EDT. Broadcom added $8.71 to $162.85 after announcing a new $10 billion share buyback program. Levi Straus advanced $0.41 to $13.91 after reporting higher than consensus first quarter earnings and revenues. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-185009","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185009","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=185009"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185009\/revisions"}],"predecessor-version":[{"id":185019,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185009\/revisions\/185019"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}