{"id":185081,"date":"2025-04-09T22:11:27","date_gmt":"2025-04-10T02:11:27","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185081"},"modified":"2025-04-10T08:57:49","modified_gmt":"2025-04-10T12:57:49","slug":"tech-talk-for-thursday-april-10th-2025-2","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/09\/tech-talk-for-thursday-april-10th-2025-2\/","title":{"rendered":"Tech Talk for Thursday April 10th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday April 10th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 88 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures recovered 22 points following release of the March Consumer Price Index<\/b> at 8:30 AM EDT. Consensus was a 0.1% increase versus a 0.2% gain in February. Actual was a 0.1% drop. On a year-over-year basis, consensus was a 2.6% increase versus 2.8% in February. Actual was a 2.4% increase. Excluding food and energy, consensus for March CPI was a 0.3% increase versus a 0.2% gain in February. Actual was a 0.1% increase. On a year-over-year basis, consensus was a 3.0% increase versus 3.1% increase in February. Actual was a 2.8% increase.<\/em><\/p>\n

Costco <\/b>advanced $4.71 to $969.90 after reporting stronger than consensus sales in March<\/em><\/p>\n

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Microsoft<\/b> dropped $5.18 to $385.31 after Wedbush lowered its target price from $550 to $475.<\/em><\/p>\n

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US Steel<\/b> dropped $4.54 to $40.60 after President Trump reaffirmed his preference to blocking a takeover offer from Japan\u2019s Nippon Steel.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for April 10th<\/sup><\/strong><\/font><\/em><\/p>\n

The S&P 500 Index just recorded the 11th largest single session gain in the past 100 years.<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/04\/09\/stock-market-outlook-for-april-10-2025\/<\/em><\/a><\/p>\n

Record for the VIX Index<\/strong><\/font><\/em><\/p>\n

According to Dow Jones Market Data, the VIX Index recorded its biggest daily point drop in history yesterday.<\/em><\/p>\n

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

Technical action by North American equity prices moved strongly higher after President Trump announced a 90 day pause on tariffs for goods imported from most countries<\/b>. The exception was China. Prior to the news at 1:15 PM EDT, technical action by big cap U.S. equities had been negative: Verizon and Comcast had broken below in below support setting intermediate downtrends. <\/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 9th<\/sup> 2025<\/p>\n

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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 9th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for April 9th<\/sup> 2025<\/p>\n

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

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

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

Trump’s 90-Day Tariff Pause: Stocks "Move a Month in 15 Minutes"<\/b><\/p>\n

Trump’s 90-Day Tariff Pause: Stocks "Move a Month in 15 Minutes" \u2013 YouTube<\/a><\/p>\n

Trump announces 90-day tariff pause for at least some countries<\/b><\/p>\n

Trump announces 90-day tariff pause for at least some countries \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer advanced 11.00 to 17.00. It remains Oversold. Classic technical sign of a recovery from an intermediate low!<\/p>\n

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The long term Barometer jumped 13.20 to 41.80. It remains Oversold. Classic technical sign of a recovery from an intermediate low!<\/p>\n

Short term (20 days) Barometer jumped from 2.00 to 19.60. Classic technical sign of an intermediate low!<\/p>\n

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

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The intermediate term Barometer advanced 12.39 to 28.44. It remains Oversold. Classic technical sign of an intermediate low!<\/p>\n

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The long term Barometer advanced 14.22 to 40.37. It changed from Oversold to Neutral on a recovery above 40.00. Classic technical sign of an intermediate low!<\/p>\n

Short term (20 days) Barometer advanced 18.35 to 22.02. It remains Oversold. Classic technical sign of an intermediate low!<\/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 Thursday April 10th U.S. equity index futures were lower this morning. S&P 500 futures were down 88 points at 8:35 AM EDT. S&P 500 futures recovered 22 points following release of the March Consumer Price Index at 8:30 AM EDT. Consensus was a 0.1% increase versus a 0.2% gain in February. Actual […]<\/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-185081","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185081","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=185081"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185081\/revisions"}],"predecessor-version":[{"id":185091,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185081\/revisions\/185091"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}