{"id":185151,"date":"2025-04-13T20:54:31","date_gmt":"2025-04-14T00:54:31","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185151"},"modified":"2025-04-14T08:50:32","modified_gmt":"2025-04-14T12:50:32","slug":"tech-talk-for-monday-april-14th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/13\/tech-talk-for-monday-april-14th-2025\/","title":{"rendered":"Tech Talk for Monday April 14th 2025"},"content":{"rendered":"

Pre-opening Comments for Monday April 14th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 78 points at 8:30 AM EDT.<\/em><\/p>\n

Index futures responded to news that tariffs on semiconductors and iPhones are temporarily exempt. Apple<\/b> gained $11.27 to $209.42. NVidia<\/b> added $3.47 to $114.40.<\/em><\/p>\n

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Comcast<\/b> dropped $0.33 to $33.39 after Wells Fargo downgraded the stock from Equal Weight to Underweight.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for April 14th<\/sup><\/strong><\/font><\/em><\/p>\n

The US Dollar Index is back to significant multi-year support in what has been a confounding move amidst this tariff war. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/04\/12\/stock-market-outlook-for-april-14-2025\/<\/em><\/a><\/p>\n

Technical Scoop<\/strong><\/font> from David Chapman and <\/strong><\/font><\/em>www.EnrichedInvesting.com<\/strong><\/font><\/em><\/a><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n

The Bottom Line<\/strong><\/font><\/p>\n

Wild week for world markets!<\/b> World equity indices moved higher (S&P 500 up 10.8% from its low on Monday), commodity prices in U.S. Dollars soared (GSG up 6.3% from its low on Wednesday) and the U.S. Dollar Index moved lower (down 4.49% from its high on Monday to its low on Friday). However, the prices of U.S. Treasury notes dropped<\/b> 5.20% from their high on April 4th<\/sup> to its low on Friday possibly due to Chinese selling. What is wrong with this picture?<\/p>\n

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Consensus for Earnings and Revenues for S&P 500 companies<\/strong><\/font><\/p>\n

Source: www.factset.com<\/a><\/p>\n

Analyst estimates for earnings gains for the later part of 2025 recorded more declines last week. Estimates for revenue gains were slightly changed. <\/b>Consensus <\/b>for first quarter earnings calls for a 7.3 % increase on a year-over-year basis, unchanged from last week. . Consensus for first quarter revenues growth increased to 4.3% from 4.2%. Consensus for second quarter earnings gains dropped to 8.2% from 9.1% last week. Consensus for second quarter revenue gains slipped to 4.5% from 4.6%. Consensus for third quarter earnings gains dropped to 10.8% from 11.7% last week. Consensus for third quarter revenue growth slipped to 5.3% from 5.4%. Consensus for fourth quarter earnings gains dropped to 10.3% from 11.2% last week. Consensus for fourth quarter revenue gains slipped to 5.9% from 6.0%.<\/p>\n

For all of 2025,<\/b> earnings are expected to increase 10.6%, down from an 11.3% increase last week. Consensus for revenue gains slipped to 5.3% from 5.4%.<\/p>\n

For all of 2026<\/b>, earnings are expected to increase 14.2% and revenues are expected to increase 6.5%.<\/p>\n

Economic News This Week<\/strong><\/font><\/p>\n

April Empire State Manufacturing Survey<\/b> released at 8:30 AM EDT on Tuesday is expected to increase to -14.80 from -20.00 in March.<\/p>\n

Canada\u2019s March Consumer Price Index<\/b> released at 8:30 AM EDT on Tuesday is expected to increase 0.7% versus a 1.1% gain in February.<\/p>\n

March U.S. Retail Sales<\/b> released at 8:30 AM EDT on Wednesday are expected to increase 1.3% versus a 0.2% gain in February. Ex auto sales, March Retail Sales are expected to increase 0.4% versus 0.3% in February.<\/p>\n

March U.S. Capacity Utilization<\/b> released at 9:15 AM EDT on Wednesday is expected to slip to 78.0% from 78.2 in February. March Industrial Production is expected to drop 0.2% versus a 0.7% gain in February.<\/p>\n

Bank of Canada\u2019s interest rate decision<\/b> released at 9:45 AM EDT on Wednesday is expected to maintain the 2.75% rate charged to major banks. Press conference is scheduled at 10:30 AM EDT.<\/p>\n

February U.S. Business Inventories<\/b> released at 10:00 AM EDT on Wednesday are expected to increase 0.3% versus a 0.3% gain in January.<\/p>\n

March U.S. Housing Starts<\/b> released at 8:30 AM EDT on Thursday are expected to drop to 1.420 million from 1.501 million units in February.<\/p>\n

April Philly Fed Manufacturing Index<\/b> released at 8:30 AM EDT on Thursday is expected to drop to 3.1 from 12.5 in March.<\/p>\n

Selected Earnings News This Week<\/strong><\/font><\/p>\n

Another 32 S&P 500 companies are scheduled to report quarterly results this week (including six Dow Jones Industrial Average companies). Focuses early this week are on first quarter results released by more money center banks: Results released by money center banks of Friday were impressive, significantly beating consensus estimates. <\/p>\n

No TSX 60 companies are scheduled to release quarterly results this week.<\/p>\n

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

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

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

Daily Seasonal\/Technical Equity Trends for April 11th<\/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 11th<\/sup> 2025<\/p>\n

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

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

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 11th<\/sup> 2025<\/p>\n

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

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

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

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

The U.S. Dollar Index<\/b> moved below 100.16 and 99.58 to a three year low setting a long term downtrend. Conversely, the Canadian Dollar<\/b> broke above US70.80 cents completing a double bottom pattern.<\/p>\n

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Commodity iShares<\/b> (GSG) gained 6.14% from its low on Wednesday to its close on Friday. Responded to US Dollar weakness!<\/p>\n

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Changes last week<\/strong><\/font><\/p>\n

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

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

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

Michael Campbell\u2019s Money Talks for April 12th<\/sup> <\/b><\/p>\n

Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

Markets \u2013 Some See Red, Others See Opportunity: Mark Leibovit<\/b><\/p>\n

Markets \u2013 Some See Red, Others See Opportunity \u2013 HoweStreet<\/a><\/p>\n

Wild Market Swings: Is This Hidden Accumulation by Market Makers? Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=WRe7m5MRscs<\/a><\/p>\n

"It’s The Scariest Time That I’ve Ever Seen" – Dan Ives on Tariffs, The Mag7 & U.S. Tech Leadership<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=3iG_tSoAtYQ<\/a><\/p>\n

Earnings From These 3 Stocks Could Be Key: Jay Wood<\/b><\/p>\n

Earnings From These 3 Stocks Could Be Key | A View From The Floor | StockCharts.com<\/a><\/p>\n

Weekly Update with Larry Berman – April 12, 2025<\/b><\/p>\n

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

CHART THIS with David Keller, CMT Friday 4\/11\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=9hyX2eN-Dco<\/a><\/p>\n

Climactic Sell-off For The General Stock Market Nearly Over. Energy Stocks At Bargain Levels. BUY!!! Josef Schachter<\/b><\/p>\n

Climactic Sell-off For The General Stock Market Nearly Over. Energy Stocks At Bargain Levels. BUY!!!<\/a><\/p>\n

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

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The intermediate term Barometer added 5.60 on Friday and 7.40 last week to 20.40. It remains Oversold. Daily trend has turned up.<\/p>\n

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The long term Barometer added 2.00 on Friday and 5.40 last week to 28.80. It remains Oversold, Daily trend has turned up.<\/p>\n

Short term (20 days) Barometer added 9.80 on Friday and jumped 18.80 last week to 20.80<\/p>\n

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

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The intermediate term Barometer added 8.26 on Friday and 6.42 last week to 29.36. It remains Oversold. Daily trend is up.<\/p>\n

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The long term Barometer added 5.50 to 36.70 on Friday and 2.30 last week. It remains Oversold.<\/p>\n

Short term (20 days) Barometer added 9.63 on Friday and 11.01 last week to 22.02.<\/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 Monday April 14th U.S. equity index futures were higher this morning. S&P 500 futures were up 78 points at 8:30 AM EDT. Index futures responded to news that tariffs on semiconductors and iPhones are temporarily exempt. Apple gained $11.27 to $209.42. NVidia added $3.47 to $114.40. Comcast dropped $0.33 to $33.39 after […]<\/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-185151","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185151","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=185151"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185151\/revisions"}],"predecessor-version":[{"id":185159,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185151\/revisions\/185159"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}