{"id":185800,"date":"2025-05-08T19:43:18","date_gmt":"2025-05-08T23:43:18","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=185800"},"modified":"2025-05-09T08:57:43","modified_gmt":"2025-05-09T12:57:43","slug":"tech-talk-for-friday-may-9th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/05\/08\/tech-talk-for-friday-may-9th-2025\/","title":{"rendered":"Tech Talk for Friday May 9th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday May 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 16 points at 8:35 AM EDT.<\/em><\/p>\n

The Canadian Dollar was unchanged at US71.88 following release of Canada\u2019s April Employment Report<\/b> at 8:30 AM EDT. Consensus was a 5,000 employment gain versus a 32,600 gain in March. Actual was a 7,400 gain. Consensus for the April Unemployment Rate was 6.7%, unchanged from March. Actual was an increase to 6.9%.<\/em><\/p>\n

Lyft <\/b>advanced $1.30 to $14.30 after announcing an expansion of its share buyback program<\/em><\/p>\n

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Pinterest <\/b>gained after offering positive guidance.<\/em><\/p>\n

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Expedia<\/b> dropped $8.89 to $160.00 after reporting less than consensus first quarter revenues.<\/em><\/p>\n

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Affirm<\/b> dropped $5.47 to $48.79 after lowering guidance.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for May 9th<\/sup><\/strong><\/font><\/em><\/p>\n

Percent of stocks trading above 200-day moving averages showing characteristic of a volatile equity market trend. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/05\/08\/stock-market-outlook-for-may-9-2025\/<\/em><\/a><\/p>\n

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

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

Nike <\/b>$NKE a Dow Jones Industrial Average stock moved above $59.20 and $59.55 completing a double bottom pattern.<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> moving above resistance extending intermediate uptrends included General Electric Aerospace<\/b> $GE on a move above $213.21, Ross Stores <\/b>$ROST on a move above $144.31, Charles Schwab<\/b> $SCHB on a move above $84.22, eBay <\/b>$EBAY on a move above $71.29 and Okta <\/b>$OKTA on a move above $118.07.<\/p>\n

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TSX 60 stocks <\/b>moving above intermediate resistance extending uptrends included<\/p>\n

CCL Industries<\/b> $CCL.B.TO on a move above Cdn$74.74 and Cdn$75.18, Canadian National Railway<\/b> $CNR.TO on a move above $140.58, WSP Global<\/b> $WSP.TO on a move above $264.46 and Thomson Reuters<\/b> $TRI.TO on a move above $260.45.<\/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 8th<\/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 8th<\/sup> 2025<\/p>\n

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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 May 8th<\/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

Top Momentum Stocks to Watch Now (Big Moves Ahead!) Tom Bowley<\/b><\/p>\n

Top Momentum Stocks to Watch Now (Big Moves Ahead!) \u2013 YouTube<\/a><\/p>\n

Bulls Seek to Recapture 200-Day SMA, U.S. Dollar Retracement Signals<\/b><\/p>\n

Bulls Seek to Recapture 200-Day SMA, U.S. Dollar Retracement Signals \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer advanced 5.80 to 60.80. It changed from Neutral to Overbought. Daily uptrend was extended.<\/p>\n

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Long term Barometer added 1.20 to 44.60. It remains Neutral. Daily uptrend was extended.<\/p>\n

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

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The intermediate term Barometer added 2.75 to 70.18. It remains Overbought. Daily uptrend was extended.<\/p>\n

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The long term Barometer added 2.29 to 59.17. 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 Friday May 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT. The Canadian Dollar was unchanged at US71.88 following release of Canada\u2019s April Employment Report at 8:30 AM EDT. Consensus was a 5,000 employment gain versus a 32,600 gain in March. […]<\/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-185800","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185800","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=185800"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185800\/revisions"}],"predecessor-version":[{"id":185810,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/185800\/revisions\/185810"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=185800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=185800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=185800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}