{"id":185287,"date":"2025-04-20T20:15:28","date_gmt":"2025-04-21T00:15:28","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185287"},"modified":"2025-04-21T08:45:24","modified_gmt":"2025-04-21T12:45:24","slug":"tech-talk-for-monday-april-21st-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/20\/tech-talk-for-monday-april-21st-2025\/","title":{"rendered":"Tech Talk for Monday April 21st 2025"},"content":{"rendered":"

Pre-opening Comments for Monday April 21st<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 57 points at 8:30 AM EDT.<\/em><\/p>\n

Netflix <\/b>advanced $28.97 to $1,003.00 after reporting higher than consensus first quarter earnings. <\/em><\/p>\n

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Tesla<\/b> dropped $9.54 to $231.80 after Barclays lowered its target price from $325 to $275.<\/em><\/p>\n

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Comerica<\/b> added $0.55 to $53.50 after reporting higher than consensus first quarter earnings.<\/em><\/p>\n

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Capital One<\/b> advanced $7.73 to $170.50 after receiving regulatory approval for its merger with Discover.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for April 21st<\/sup><\/strong><\/font><\/em><\/p>\n

Watch the 4800 to 4950 zone for the S&P 500 Index as a violation of this range through the off-season for stocks would likely indicate that the economy is in recession. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/04\/17\/stock-market-outlook-for-april-21-2025\/<\/em><\/a><\/p>\n

Technical Scoop for April 21st<\/sup><\/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

Currency trends are having a significant impact on equity price performance<\/b>. Continuing weakness in the U.S. Dollar related to political uncertainty and corresponding strength in other currencies (notably the Canadian Dollar) are having a substantial impact on equity prices. <\/p>\n

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Sector most influenced by U.S. Dollar weakness has been the materials sector.<\/b> S&P\/TSX Materials iShares vaulted to an all-time high last week. Relative strength in the sector is expected to continue until uncertainty related to political events in the U.S (and Canada) abates.<\/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

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

Analyst estimates for earnings and revenue gains for the first quarter of 2025 changed slightly last week despite higher than consensus results released to date. <\/b>Consensus <\/b>for first quarter earnings called for a 7.2 % increase on a year-over-year basis, down from 7.3% last week. . Consensus for first quarter revenues growth remained unchanged at 5.3%.<\/p>\n

Analyst estimates for 2025 beyond the first quarter were reduced significantly<\/b>. Consensus for second quarter earnings gains dropped to 7.2% from 8.2% last week. Consensus for second quarter revenue gains dropped to 4.2% from 4.5%. Consensus for third quarter earnings gains dropped to 9.7% from 10.8% last week. Consensus for third quarter revenue growth dropped to 5.0% from 5.3%. Consensus for fourth quarter earnings gains dropped to 9.3% from 10.3% last week. Consensus for fourth quarter revenue gains dropped to 5.6% from 5.9%.<\/p>\n

For all of 2025,<\/b> earnings are expected to increase 10.0%, down from a 10.6% increase last week. Consensus for revenue gains slipped to 5.1% from 5.3%.<\/p>\n

For all of 2026<\/b>, earnings are expected to increase 14.2%, down from 14.1% last week. Revenues are expected to increase 6.4%, down from 6.5%.<\/p>\n

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

March U.S. New Home Sales <\/b>released at 10:00 AM EDT on Wednesday are expected to increase to 680,000 from 676,000 in February.<\/p>\n

Beige Book<\/b> is released at 2:00 PM EDT on Wednesday<\/p>\n

March Durable Goods Orders<\/b> released at 8:30 AM EDT on Thursday are expected to increase 0.8% versus a 0.9% increase in February.<\/p>\n

March U.S. Existing Home Sales<\/b> released at 10:00 AM EDT on Thursday are expected to slip to 4.14 million units from 4.26 million units in February.<\/p>\n

February Canadian Retail Sales<\/b> released at 10:00 AM EDT on Friday are expected to drop 0.4% versus a 0.6% drop in January.<\/p>\n

April Michigan Consumer Sentiment <\/b>released at 10:00 AM EDT on Friday is expected to drop to 50.8 from 57.6 in March.<\/p>\n

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

Another 122 S&P 500 companies are scheduled to release quarterly results this week (including seven Dow Jones Industrial Average companies). Four TSX 60 companies are scheduled to report. <\/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 17th<\/sup> 2025<\/p>\n

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

Red: Decrease from previous day<\/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 17th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for April 17th<\/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

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

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

Dow Jones Industrial Average<\/b> $INDU completed a so called \u201cDeath Cross\u201d on Friday when its 50 day moving average dropped below its 200 day moving average.<\/p>\n

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India ETF<\/b> $PIN moved above US$25.46 resuming an intermediate uptrend. <\/p>\n

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Saputo<\/b> $SAP.TO a TSX 60 stock moved above Cdn$25.91 resuming an intermediate uptrend. <\/p>\n

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Algonquin Power<\/b> $AQN.TO a TSX 60 stock moved above Cdn$7.51 extending an intermediate uptrend.<\/p>\n

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

Michael Campbell\u2019s Money Talks for April 19th<\/sup> <\/b><\/p>\n

April 19 Episode – Michael Campbell’s Money Talks – Omny.fm<\/a><\/p>\n

GOLD MAY BE OVERBOUGHT FOR NOW: Mark Leibovit<\/b><\/p>\n

<\/b>https:\/\/www.howestreet.com\/2025\/04\/gold-may-be-over-bought-for-now-mark-leibovit\/<\/a><\/p>\n

Investors should use the relief rally to reduce exposure, says Fairlead’s Katie Stockton<\/b><\/p>\n

Investors should use the relief rally to reduce exposure, says Fairlead’s Katie Stockton \u2013 YouTube<\/a><\/p>\n

Why Wall Street strategists are slashing their S&P 500 targets: Barclays<\/b><\/p>\n

Why Wall Street strategists are slashing their S&P 500 targets \u2013 YouTube<\/a><\/p>\n

Nvidia’s $5.5B hit may prove the AI digestion phase is here, says Niles Investment’s Dan Niles<\/b><\/p>\n

Nvidia’s $5.5B hit may prove the AI digestion phase is here, says Niles Investment’s Dan Niles \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Thursday 4\/17\/25<\/b><\/p>\n

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

Market Makers Are Buying BIG \u2014 Should You Be Too? Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=IXT-NacoO5o<\/a><\/p>\n

This is the Group to Watch for the Next Bull Market Phase and Separating Noise from Reality: Tom Bowley<\/b><\/p>\n

<\/b>This is the Group to Watch for the Next Bull Market Phase and Separating Noise from Reality | Trading Places with Tom Bowley | StockCharts.com<\/a><\/p>\n

Safer Stock Picks for an Uncertain Market (High Yield + Growth) <\/b><\/p>\n

Mary Ellen McGonagle<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=esgdq8lN1OE<\/a><\/p>\n

Will Gold Stocks Eventually Catch Up to Bullion?<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/04\/will-gold-stocks-eventually-catch-up-to-bullion-bob-hoye\/<\/a><\/p>\n

Expect Near Test Of Last Week\u2019s WTI Low of US$56.06\/b. This Should Provide Great Buying Opportunity For Energy Investors<\/b>: Josef Schachter<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/04\/expect-near-test-of-last-weeks-wti-low-of-us56-06-b-this-should-provide-great-buying-opportunity-for-energy-investors\/<\/a><\/p>\n

Trading Desk Notes for April 19, 2025: Victor Adair<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/04\/trading-desk-notes-for-april-19-2025\/<\/a><\/p>\n

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

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The intermediate term Barometer added 3.00 on Friday and gained 4.20 last week to 24.60. It remains Oversold.<\/p>\n

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The long term Barometer added 2.40 on Friday and gained 3.20 last week to 32.00. It remains Oversold. Daily trend is up.<\/p>\n

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

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The intermediate term Barometer added 0.92 on Friday and gained 13.76 last week to 43.12. It changed from Oversold to Neutral on a recovery above 40.00. Daily trend is up.<\/p>\n

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The long term Barometer added 1.38 on Friday and advanced 7.80 last week to 44.50. It changed from Oversold to Neutral on a recovery above 40.00. Daily trend is up.<\/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 21st U.S. equity index futures were lower this morning. S&P 500 futures were down 57 points at 8:30 AM EDT. Netflix advanced $28.97 to $1,003.00 after reporting higher than consensus first quarter earnings. Tesla dropped $9.54 to $231.80 after Barclays lowered its target price from $325 to $275. Comerica added […]<\/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-185287","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185287","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=185287"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185287\/revisions"}],"predecessor-version":[{"id":185297,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185287\/revisions\/185297"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}