{"id":185048,"date":"2025-04-09T08:51:17","date_gmt":"2025-04-09T12:51:17","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185048"},"modified":"2025-04-09T08:56:02","modified_gmt":"2025-04-09T12:56:02","slug":"tech-talk-for-wednesday-april-9th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/09\/tech-talk-for-wednesday-april-9th-2025\/","title":{"rendered":"Tech Talk for Wednesday April 9th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday April 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 100 points at 8:30 AM EDT. Futures responded to concern about growing tariff wars. <\/em><\/p>\n

Delta Airlines<\/b> added $0.72 to $36.10 after reporting higher than consensus first quarter results. <\/em><\/p>\n

\"clip_image001[4]\"<\/em><\/a><\/p>\n

Cal-Maine Foods <\/b>dropped $3.98 to $86.35 after reporting less than consensus fiscal third quarter results.<\/em><\/p>\n

\"clip_image002[4]\"<\/a><\/p>\n

Constellation Energy<\/b> added $1.26 to $186.20 after Citigroup upgraded the stock from Neutral to Buy.<\/em><\/p>\n

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

Ford<\/b> dropped $0.24 to $8.45 after Bernstein downgraded the stock from Market Perform to Underperform.<\/em><\/p>\n

\"clip_image004[4]\"<\/a><\/p>\n

EquityClock\u2019s Market Outlook for April 9th<\/sup><\/strong><\/font><\/em><\/p>\n

There is an extraordinary lockup in the economy that was apparent long before the tariff turmoil that needs to be solved in order to put stocks back on a sustainable rising path.<\/em><\/b><\/p>\n

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

https:\/\/equityclock.com\/2025\/04\/08\/stock-market-outlook-for-april-9-2025\/<\/em><\/a><\/p>\n

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

VIX Index moved higher yesterday<\/b>. A short term technical peak by the Index and a corresponding short term low by the S&P 500 Index have yet to be confirmed.<\/p>\n

\"clip_image001\"<\/a><\/p>\n

20 year+ Treasury Bond iShares<\/b> $TLT moved below intermediate support at $88.31 when U.S. long term interest rates spiked higher.<\/p>\n

\"clip_image002\"<\/a><\/p>\n

<\/b><\/p>\n

Europe iShares<\/b> $IEV moved below $51.38 setting an intermediate downtrend.<\/p>\n

\"clip_image003\"<\/a><\/p>\n

Ford<\/b> $F an S&P 100 stock moved below $8.67 extending an intermediate downtrend. Other S&P 100 and NASDAQ 100 stocks breaking support extending an intermediate downtrend included Pepsico <\/b>on a move below $140.27 and Linde<\/b> on a move below $409.32 <\/p>\n

\"clip_image004\"<\/a><\/p>\n

TSX 60 stocks moving below support extending an intermediate downtrend <\/b>included<\/p>\n

BCE <\/b>on a move below Cdn$30.54, Canadian Natural Resources<\/b> on a move below Cdn$36.62, Pembina Pipeline <\/b>on a move below Cdn$50.22 and Restaurant Brands International<\/b> on a move below Cdn$84.73<\/p>\n

\"clip_image005\"<\/a><\/p>\n

\"clip_image006\"<\/a><\/p>\n

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

\"clip_image008\"<\/a><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for April 8th<\/sup> 2025<\/p>\n

\"clip_image010\"<\/a><\/p>\n

Green: Increase from previous day<\/font><\/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 8th<\/sup> 2025<\/p>\n

\"clip_image012\"<\/a><\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for April 8th<\/sup> 2025<\/p>\n

\"clip_image014\"<\/a><\/p>\n

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

Markets Have Arrived at \u2018Point of Maximum Uncertainty\u2019: Evercore ISI\u2019s Emanuel<\/b><\/p>\n

Markets Have Arrived at \u2018Point of Maximum Uncertainty\u2019: Evercore ISI\u2019s Emanuel \u2013 YouTube<\/a><\/p>\n

It’s going to take time for markets to regain some trust, says Fundstrat’s Tom Lee<\/b><\/p>\n

It’s going to take time for markets to regain some trust, says Fundstrat’s Tom Lee \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Monday 4\/7\/25<\/b><\/p>\n

CHART THIS with David Keller, CMT Monday 4\/7\/25 \u2013 YouTube<\/a><\/p>\n

Stocks Surge on Hopes of Tariff Deals: Guy Adami and Dan Nathan<\/b><\/p>\n

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

Tech Crash or Buying Opportunity with Gene Munster<\/b><\/p>\n

Tech Crash or Buying Opportunity with Gene Munster \u2013 YouTube<\/a><\/p>\n

Josh Brown calls today’s market move higher a "bear market bounce"<\/b><\/p>\n

Josh Brown calls today’s market move higher a "bear market bounce" \u2013 YouTube<\/a><\/p>\n

Might see a short-term bounce, but still cautious long-term, says investor Dan Niles<\/b><\/p>\n

Might see a short-term bounce, but still cautious long-term, says investor Dan Niles \u2013 YouTube<\/a><\/p>\n

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

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

The intermediate term Barometer dropped another 1.80 to 6.00, lowest level since October 2022. It remains extremely oversold, but has yet to show technical signs of a bottom.<\/p>\n

\"clip_image016\"<\/a><\/p>\n

The long term Barometer dropped another 1.80 to 18.60, lowest level since October 2022. It remains extremely oversold, but has yet to show technical signs of a bottom.<\/p>\n

The short term Barometer (20 days) dropped 0.60 to 2.00, lowest level since October 2022<\/p>\n

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

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer dropped another 1.38 to 16.06. It remains extremely oversold, but has yet to show signs of a bottom.<\/p>\n

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

The long term Barometer dropped another 2.75 to 26.15, lowest level since October 2022. It remains extremely oversold, but has yet to show signs of a bottom.<\/p>\n

The short term Barometer (20 days) dropped 0.92 to 3.67, 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 Wednesday April 9th U.S. equity index futures were lower this morning. S&P 500 futures were down 100 points at 8:30 AM EDT. Futures responded to concern about growing tariff wars. Delta Airlines added $0.72 to $36.10 after reporting higher than consensus first quarter results. Cal-Maine Foods dropped $3.98 to $86.35 after reporting […]<\/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-185048","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185048","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=185048"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185048\/revisions"}],"predecessor-version":[{"id":185058,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185048\/revisions\/185058"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}