Tech Talk for Wednesday April 2nd 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 59 points at 8:30 AM EDT.

President Trump is scheduled to announce his tariff policies after 4:00 PM EDT today.

Tesla dropped $7.03 to $261.67 on news that the company's EV sales in China were down 11% in the first quarter.

Charles Schwab added $1.07 to $78.74 after Citigroup upgraded the stock from Neutral to Buy. Target price was raised from $82 to $102.

Meta Platforms dropped $5.90 to $580.10 after the company's head of AI research announced her departure from the company.

EquityClock's Market Outlook for April 2nd

Health Care under renewed scrutiny as biotechnology stocks fall back to 52-week lows during this seasonally weak time of year. See:

https://equityclock.com/2025/04/01/stock-market-outlook-for-april-2-2025/

Technical Notes

Verisign $VRSN a NASDAQ 100 stock moved above $257.03 to an all-time high extending an intermediate uptrend.

Exelon $EXC a NASDAQ 100 stock moved above $45.49 to an all-time high extending an intermediate uptrend.

Rogers Communications $RCI.B.TO a TSX 60 stock moved below Cdn$37.50 to a nine year low extending an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 1st 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 1st 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 1st 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Top 10 Stock Charts for April 2025 - Big Breakouts Ahead?: David Keller and Grayson Roze

Top 10 Stock Charts for April 2025 - Big Breakouts Ahead? - YouTube

Markets could have the ‘right pieces’ for a bottom this week, says Fundstrat’s Tom Lee

Markets could have the ‘right pieces’ for a bottom this week, says Fundstrat’s Tom Lee - YouTube

Gold Could Reach $3,500 Says Bank of America

Gold Could Reach $3,500 Says Bank of America - YouTube

CHART THIS with David Keller, CMT Tuesday 4/1/25

https://www.youtube.com/watch?v=YeCf9JuzrCQ

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.00 to 42.20. It remains Neutral.

The long term Barometer added 0.60 to 45.40. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 3.67 to 56.42. It remains Neutral.

The long term Barometer added 1.38 to 57.34. It remains Neutral.

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