{"id":185759,"date":"2025-05-07T21:03:46","date_gmt":"2025-05-08T01:03:46","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185759"},"modified":"2025-05-08T08:53:13","modified_gmt":"2025-05-08T12:53:13","slug":"tech-talk-for-thursday-may-8th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/05\/07\/tech-talk-for-thursday-may-8th-2025\/","title":{"rendered":"Tech Talk for Thursday May 8th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday May 8th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity futures were higher this morning.<\/b> S&P 500 futures were up 49 points at 8:35 AM EDT<\/em><\/p>\n

S&P 500 futures were unchanged following release of U.S.<\/b> First Quarter Non-farm Productivity<\/b> at 8:30 AM EDT. Consensus was a 0.8% drop versus a 1.5% gain in the fourth quarter of 2024. Actual was a 0.8% drop.<\/em><\/p>\n

ARM Holdings<\/b> dropped $13.99 after issuing a less than consensus outlook.<\/em><\/p>\n

\"clip_image001[4]\"<\/em><\/a><\/p>\n

CF Industries<\/b> advanced $1.31 to $82.00 after reporting higher than consensus first quarter results.<\/em><\/p>\n

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Nutrien <\/b>dropped $2.47 to US$54.15 after reporting less than consensus first quarter results.<\/em><\/p>\n

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Fortinet<\/b> dropped $12.94 to $93.78 after reporting less than consensus first quarter revenues.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for May 8th<\/sup><\/strong><\/font><\/em><\/p>\n

How to play this transition period into the off-season for stocks. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/05\/07\/stock-market-outlook-for-may-8-2025\/<\/em><\/a><\/p>\n

Responses to the FOMC Announcement at 2:00 PM EDT Yesterday<\/strong><\/font><\/p>\n

The Federal Reserve maintained its Fed Fund Rate at 4.25%-4.50%<\/b>. It also warned about more economic uncertainty. Market responses from 2:00 PM to the close were as follow:<\/p>\n

P.S. At 3:30 PM, President Trump proposed rescinding limits on global chip curbs. Semiconductor stocks and ETFs responded strongly on the upside, overcoming responses to Federal Reserve announcements. Notably stronger after 3:30 PM announcement was Nvidia.<\/p>\n

S&P 500 Index was mixed after 2:00 PM but moved strongly higher on the chip announcement.<\/p>\n

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The U.S. Dollar ETN moved higher.<\/p>\n

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Long term Treasury Bond prices moved lower<\/p>\n

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Nvidia soared following Trump\u2019s statement<\/p>\n

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

Verisk Analytics<\/b> $VRSK a NASDAQ 100 stock moved above $306.67 to an all-time high extending an intermediate uptrend. <\/p>\n

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Nvidia<\/b> $NVDA a Dow Jones Industrial Average stock moved above $114.29 in late trade completing a double bottom pattern.<\/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 7th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/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 7th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for May 7th<\/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

Understanding U.S. Fed decision to leave rates unchanged<\/b><\/p>\n

Understanding U.S. Fed decision to leave rates unchanged \u2013 YouTube<\/a><\/p>\n

Takeaways from PM Carney’s meeting with Trump<\/b><\/p>\n

Takeaways from PM Carney’s meeting with Trump \u2013 YouTube<\/a><\/p>\n

Barrick CEO discusses earnings results & expansion into cooper<\/b><\/p>\n

Barrick CEO discusses earnings results & expansion into cooper \u2013 YouTube<\/a><\/p>\n

Why Nvidia investors are cheering Trump\u2019s likely dismantling of Biden\u2019s AI chip rules<\/b><\/p>\n

https:\/\/www.marketwatch.com\/story\/why-nvidia-investors-are-cheering-trumps-likely-dismantling-of-bidens-ai-chip-rules-b8780002?mod=mw_pushly&send_date=20250507<\/a><\/p>\n

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

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The intermediate term Barometer advanced 4.20 to 55.00. It remains Neutral.<\/p>\n

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The long term Barometer added 3.40 to 43.40. It remains Neutral<\/p>\n

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

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The intermediate term Barometer added 3.67 to 67.43. It remains Overbought. Daily uptrend was extended.<\/p>\n

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The long term Barometer added 3.67 to 56.88. It remains Neutral. Daily uptrend was extended.<\/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 May 8th U.S. equity futures were higher this morning. S&P 500 futures were up 49 points at 8:35 AM EDT S&P 500 futures were unchanged following release of U.S. First Quarter Non-farm Productivity at 8:30 AM EDT. Consensus was a 0.8% drop versus a 1.5% gain in the fourth quarter of […]<\/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-185759","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185759","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=185759"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185759\/revisions"}],"predecessor-version":[{"id":185769,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185759\/revisions\/185769"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}