{"id":185720,"date":"2025-05-06T20:12:27","date_gmt":"2025-05-07T00:12:27","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185720"},"modified":"2025-05-07T08:59:23","modified_gmt":"2025-05-07T12:59:23","slug":"tech-talk-for-wednesday-may-7th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/05\/06\/tech-talk-for-wednesday-may-7th-2025\/","title":{"rendered":"Tech Talk for Wednesday May 7th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday May 7th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 18 points at 8:30 AM EDT. Investors responded to news that the U.S. and China have started trade negotiations.<\/em><\/p>\n

Focus today is the FOMC\u2019s decision on the Fed Fund Rate <\/b>released at 2:00 PM EDT. Consensus calls for no change at 4.50%.<\/em><\/p>\n

Mosaic<\/b> added $0.70 to $31.15 after reporting higher than consensus first quarter results.<\/em><\/p>\n

\"clip_image001[1]\"<\/em><\/a><\/p>\n

Advanced Micro Devices<\/b> gained $1.38 to $100.00 after reporting higher than consensus first quarter results.<\/em> <\/p>\n

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Super Micro Computer<\/b> dropped $1.93 to $31.12 after lowering guidance.<\/em><\/p>\n

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Electronic Arts<\/b> added $8.42 to $162.96 after reporting higher than consensus fiscal fourth quarter results.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for May 7th<\/sup><\/strong><\/font><\/em><\/p>\n

Volatility hedges flourishing as investors look for ways to mitigate the erratic movements in the equity market. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/05\/06\/stock-market-outlook-for-may-7-2025\/<\/em><\/a><\/p>\n

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

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

Utility SPDRs<\/b> $XLU moved above intermediate resistance at $80.21, changing trend from down to neutral.<\/p>\n

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

Altria<\/b> $MO an S&P 100 stock moved above $60.18 to an all-time high extending an intermediate uptrend.<\/p>\n

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Vertex <\/b>$VRTX a NASDAQ 100 stock moved below $448.14 completing a double top pattern<\/p>\n

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Thermo Fisher Scientific<\/b> $TMO a NASDAQ 100 stock moved below $411.21 extending an intermediate downtrend.<\/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 May 6th<\/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 May 6th<\/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 May 6th<\/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

Will the S&P 500 Break Out? 4 Charts That Matter Right Now: David Keller<\/b><\/p>\n

Will the S&P 500 Break Out? 4 Charts That Matter Right Now \u2013 YouTube<\/a><\/p>\n

Paul Tudor Jones: Stock market will hit new lows even if Trump cuts China tariffs to 50%<\/b><\/p>\n

Paul Tudor Jones: Stock market will hit new lows even if Trump cuts China tariffs to 50% \u2013 YouTube<\/a><\/p>\n

Bullish call for European and Chinese stocks<\/b><\/p>\n

Bullish call for European and Chinese stocks \u2013 YouTube<\/a><\/p>\n

Mike Novogratz: Crypto’s Future, Dollar Decline & Market Risks: Guy Adami<\/b><\/p>\n

Mike Novogratz: Crypto’s Future, Dollar Decline & Market Risks \u2013 YouTube<\/a><\/p>\n

Most recent Fed Survey shows surging probability of recession<\/b><\/p>\n

Most recent Fed Survey shows surging probability of recession \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 3.40 to 50.80. It remains Neutral.<\/p>\n

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The long term Barometer dropped 2.80 to 40.00. It remains Neutral.<\/p>\n

Short term (20 days) Barometer plunged 4.80 to 77.40. It remains Overbought.<\/p>\n

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

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

The intermediate term Barometer added 5.05 to 63.76. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.<\/p>\n

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

The long term Barometer slipped 0.92 to 53.21. It remains Neutral.<\/p>\n

Short term (20 days) Barometer increased 4.59 to 79.82. It remains Overbought.<\/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 May 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:30 AM EDT. Investors responded to news that the U.S. and China have started trade negotiations. Focus today is the FOMC\u2019s decision on the Fed Fund Rate released at 2:00 PM EDT. Consensus […]<\/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-185720","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185720","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=185720"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185720\/revisions"}],"predecessor-version":[{"id":185730,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185720\/revisions\/185730"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}