Tech Talk for Tuesday April 8th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 136 points at 8:30 AM EDT.

Broadcom added $8.71 to $162.85 after announcing a new $10 billion share buyback program.

Levi Straus advanced $0.41 to $13.91 after reporting higher than consensus first quarter earnings and revenues.

CVS Health gained $5.46 to $69.31 after the U.S. government announced a $25 billion increase in projected payments for Medicare Advantage plans.

RPM International dropped $6.70 to $100.00 after reporting lower than consensus fiscal third quarter results.

EquityClock's Market Outlook for April 8th

The S&P 500 Index has reached our intermediate-term downside target very quickly.

See:

https://equityclock.com/2025/04/07/stock-market-outlook-for-april-8-2025/

Technical Notes

The VIX Index opened higher yesterday, but closed at a low (dark candle) indicating a reversal pattern (i.e. possible short term peak for VIX and possible short term low for the S&P 500 Index)

Additional notable U.S. listed ETFs breaking support setting/extending intermediate downtrends included U.S. Insurance iShares. Healthcare SPDRs, Utility SPDRs, U.S. Medical Devices iShares, U.S. Real Estate iShares, Silver Miners ETF, EAFA iShares, South Korea iShares, South Africa iShares, United Kingdom iShares, Hong Kong iShares.

Another 38 S&P 100 and NASDAQ 100 stocks broke intermediate support setting/extending intermediate downtrends.

Another seven TSX 60 stocks broke intermediate support setting /extending intermediate downtrends. They were Commerce Bank, Sun Life Financial, Imperial Oil, Enbridge, Canadian National Railway, Brookfield Infrastructure and CAE.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 7th 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for April 7th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 7th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

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Market Drop Compared to 2020? What You Need to Know Now: Mary Ellen McGonagle

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SPX Slips Into Bear Market, Investment Strategies & Earnings Season on Horizon: Liz An Sonders

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S&P 500 Momentum Barometers

The intermediate term Barometer plunged 5.20 to 7.80, lowest point since October 2022. It is extremely oversold, but has yet to show technical signs of a bottom.

The long term Barometer dropped 3.20 to 20.20, lowest level since October 2022. It remains oversold, but has yet to show technical signs of a bottom.

The short term (20 das) Barometer dropped 3.80 to 2.60, lowest level since October 2022.

TSX Momentum Barometers

The intermediate term Barometer plunged 5.50 to 17.43. It is extremely Oversold. Daily trend remains down.

The long term Barometer dropped 5.50 to 28.90. It remains Oversold. Daily trend remains down.

Short term (20 days) Barometer dropped 6.42 to 4.59, lowest level since October 2022.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com 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