{"id":185353,"date":"2025-04-22T23:37:28","date_gmt":"2025-04-23T03:37:28","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185353"},"modified":"2025-04-23T08:57:43","modified_gmt":"2025-04-23T12:57:43","slug":"tech-talk-for-wednesday-april-23rd-2025-2","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/04\/22\/tech-talk-for-wednesday-april-23rd-2025-2\/","title":{"rendered":"Tech Talk for Wednesday April 23rd 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday April 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 125 points at 8:30 AM EDT. Futures responded to comments by President Trump that he has no intention of firing Federal Reserve Chairman Powell. In addition, Trump mentioned that trade negotiations with China are progressing. <\/em><\/p>\n

SAP<\/b> added $13.20 to $265.60 after reporting higher than consensus first quarter earnings. <\/em><\/p>\n

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Tesla<\/b> gained $2.21 to $240.00 after announcing plans to launch a new vehicle.<\/em><\/p>\n

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Enphase <\/b>dropped $5.65 to $47.78 after reporting less than consensus first quarter earnings. The company also lowered guidance. <\/em><\/p>\n

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Capital One<\/b> advanced $1.99 to $172.19 after reporting higher than consensus first quarter earnings.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for April 23rd<\/sup><\/strong><\/font><\/em><\/p>\n

Copper-Gold ratio has reached down to the pandemic low amidst the rally in the precious metal. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/04\/22\/stock-market-outlook-for-april-23-2025\/<\/em><\/a><\/p>\n

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

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

Mexico iShares<\/b> $EWW moved above $55.22 extending an intermediate uptrend. <\/p>\n

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Fortis<\/b> $FTS.TO a TSX 60 stock moved above Cdn$67.52 to an all-time high extending an intermediate uptrend. <\/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 22nd<\/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 22nd<\/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

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

Daily Seasonal\/Technical Sector Trends for April 22nd<\/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

Canadian Association for Technical Analysis Presentation<\/strong><\/font><\/p>\n

Presenter on Zoom is Tom Sosnoff from Tastylive.com Presentation time is at 8:00 PM EDT tomorrow (April 24th<\/sup>). Everyone is welcome. Not a member? Contact<\/p>\n

April 24 – Tom Sosnoff – tastylive.com – Events – Canadian Association for Technical Analysis (canadianata.ca)<\/a><\/p>\n

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

Bearish Warning: 3 Market Sentiment Indicators You Can\u2019t Ignore: David Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=EWyMYnBsa74<\/a><\/p>\n

Profit Potential in Heavily Shorted Stocks! ValueTrendCanada<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=rwYcXtsx4YA<\/a><\/p>\n

A Stabilizing Market with Jeff deGraaf<\/b><\/p>\n

A Stabilizing Market with Jeff deGraaf \u2013 YouTube<\/a><\/p>\n

The cost of Canadian election promises: BNN<\/b><\/p>\n

The cost of election promises \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer added 7.60 to 24.20. It remains Oversold.<\/p>\n

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The long term Barometer added 4.00 to 30.80. It remains Oversold.<\/p>\n

The short term (20 days) Barometer jumped 18.60 to 33.40. 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 2.29 to 41.28. It changed from Oversold to Neutral on a move above 40.00.<\/p>\n

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The long term Barometer added 2.75 to 44.95. It remains Neutral. Daily uptrend was extended,<\/p>\n

Short term (20 days) Barometer jumped 8.26 to 47.25.<\/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 23rd U.S. equity index futures were higher this morning. S&P 500 futures were up 125 points at 8:30 AM EDT. Futures responded to comments by President Trump that he has no intention of firing Federal Reserve Chairman Powell. In addition, Trump mentioned that trade negotiations with China are progressing. SAP […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-185353","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185353","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=185353"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185353\/revisions"}],"predecessor-version":[{"id":185363,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185353\/revisions\/185363"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}