{"id":194666,"date":"2026-04-29T18:44:22","date_gmt":"2026-04-29T22:44:22","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=194666"},"modified":"2026-04-29T18:44:22","modified_gmt":"2026-04-29T22:44:22","slug":"tech-talk-for-thursday-april-30th-2026-2","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/04\/29\/tech-talk-for-thursday-april-30th-2026-2\/","title":{"rendered":"Tech Talk for Thursday April 30th 2026"},"content":{"rendered":"

Responses to FOMC Announcement Yesterday<\/strong><\/font><\/p>\n

The Federal Reserve decided to maintain its Fed Fund Rate at a 3.50%-3.75% rate in an 8 to 4 vote decision. The decision was announced at 2:00 PM EST. Responses to the news after 2:00 PM EST were as follows:<\/p>\n

S&P 500 Index recorded a modest gain<\/p>\n

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

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Long term U.S. Treasury Bond prices moved slightly lower<\/p>\n

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The Canadian Dollar was virtually unchanged.<\/p>\n

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

Crude Oil ETN<\/b> (USO) moved above $143.98 to a 10 year high extending an intermediate uptrend. <\/p>\n

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Corn ETN<\/b> (CORN) moved above $18.84 extending an intermediate uptrend.<\/p>\n

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S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included MasterCard<\/b> (MA) on a move above $527.47, NXP Semiconductor<\/b> (NXPI) on a move above $255.04 and $286.51 to an all-time high, Visa <\/b>(V) on a move above $319.44, $335.77, and $366.90, Diamondback Energy<\/b> (FANG) on a move above $204.91 to an all-time high, CVS Health<\/b> on a move above $83.72 and Starbucks <\/b>(SBUX) on a move above $104.15<\/p>\n

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Healthcare SPDRs<\/b> (XLV) dropped below 143.07 extending an intermediate downtrend. S&P 100 and NASDAQ 100 Healthcare stocks moving below support extending an intermediate downtrend included Amgen<\/b> (AMGN) on a move below $335.06, Regeneron<\/b> (REGN) on a move below $727.88, $717.52 and $691.03, Vertex Pharmaceutical<\/b> (VRTX) on a move below $425.26, AstraZeneca <\/b>(AZN) on a move below $182.39<\/p>\n

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CGI Group<\/b> (GIB\/A.TO) and GIB) a TSX 60 stock moved below Cdn$95.84 and US$69.40 extending an intermediate downtrend. The company reported lower than consensus fiscal second quarter results.<\/p>\n

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Brookfield Infrastructure Partners<\/b> (BIP) a TSX 60 stock moved below US$34.74 setting 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 April 29th<\/sup> 2026<\/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 April 29th<\/sup> 2026<\/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

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

Daily Seasonal\/Technical Sector Trends for April 28th<\/sup> 2026<\/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

What RSI Is Telling Us Now About the S&P 500 Rally: David Keller<\/b><\/p>\n

What RSI Is Telling Us Now About the S&P 500 Rally \u2013 YouTube<\/a><\/p>\n

Chair Powell’s Final Fed Meeting + Big Tech Earnings On Deck | Wednesday, April 29th<\/b><\/p>\n

Guy Adami and Dan Nathan<\/b><\/p>\n

Chair Powell’s Final Fed Meeting + Big Tech Earnings On Deck | Wednesday, April 29th \u2013 YouTube<\/a><\/p>\n

CHART THIS with Dave Keller Wednesday 4\/29\/26<\/b><\/p>\n

Note comments on the Healthcare sector<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=OA23pCFQiQU<\/a><\/p>\n

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

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The intermediate term Barometer dropped another 2.60 to 49.60. It remains Neutral. Daily downtrend was extended.<\/p>\n

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The short term (20 days) Barometer plunged another 7.20 to 49.80. It remains Neutral. Daily downtrend was extended. <\/p>\n

The long term Barometer dropped another 1.60 to 55.80. It remains Neutral. Daily downtrend was extended. <\/p>\n

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

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The intermediate term Barometer dropped another 5.00 to 44.09. It remains Neutral. Daily downtrend was extended.<\/p>\n

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The short term (20 days) Barometer dropped another 1.82 to 44.55. It remains Neutral. Daily downtrend was extended. <\/p>\n

The long term Barometer dropped another 2.73 to 69.09. It remains Overbought. Daily downtrend 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":"

Responses to FOMC Announcement Yesterday The Federal Reserve decided to maintain its Fed Fund Rate at a 3.50%-3.75% rate in an 8 to 4 vote decision. The decision was announced at 2:00 PM EST. Responses to the news after 2:00 PM EST were as follows: S&P 500 Index recorded a modest gain The U.S. Dollar […]<\/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-194666","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194666","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=194666"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194666\/revisions"}],"predecessor-version":[{"id":194667,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194666\/revisions\/194667"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=194666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=194666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=194666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}