Tech Talk for Wednesday April 9th 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 100 points at 8:30 AM EDT. Futures responded to concern about growing tariff wars.

Delta Airlines added $0.72 to $36.10 after reporting higher than consensus first quarter results.

Cal-Maine Foods dropped $3.98 to $86.35 after reporting less than consensus fiscal third quarter results.

Constellation Energy added $1.26 to $186.20 after Citigroup upgraded the stock from Neutral to Buy.

Ford dropped $0.24 to $8.45 after Bernstein downgraded the stock from Market Perform to Underperform.

EquityClock's Market Outlook for April 9th

There is an extraordinary lockup in the economy that was apparent long before the tariff turmoil that needs to be solved in order to put stocks back on a sustainable rising path.

See:

https://equityclock.com/2025/04/08/stock-market-outlook-for-april-9-2025/

Technical Notes

VIX Index moved higher yesterday. A short term technical peak by the Index and a corresponding short term low by the S&P 500 Index have yet to be confirmed.

20 year+ Treasury Bond iShares $TLT moved below intermediate support at $88.31 when U.S. long term interest rates spiked higher.

Europe iShares $IEV moved below $51.38 setting an intermediate downtrend.

Ford $F an S&P 100 stock moved below $8.67 extending an intermediate downtrend. Other S&P 100 and NASDAQ 100 stocks breaking support extending an intermediate downtrend included Pepsico on a move below $140.27 and Linde on a move below $409.32

TSX 60 stocks moving below support extending an intermediate downtrend included

BCE on a move below Cdn$30.54, Canadian Natural Resources on a move below Cdn$36.62, Pembina Pipeline on a move below Cdn$50.22 and Restaurant Brands International on a move below Cdn$84.73

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 8th 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 8th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 8th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Markets Have Arrived at 'Point of Maximum Uncertainty': Evercore ISI's Emanuel

Markets Have Arrived at 'Point of Maximum Uncertainty': Evercore ISI's Emanuel - YouTube

It’s going to take time for markets to regain some trust, says Fundstrat’s Tom Lee

It’s going to take time for markets to regain some trust, says Fundstrat’s Tom Lee - YouTube

CHART THIS with David Keller, CMT Monday 4/7/25

CHART THIS with David Keller, CMT Monday 4/7/25 - YouTube

Stocks Surge on Hopes of Tariff Deals: Guy Adami and Dan Nathan

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

Tech Crash or Buying Opportunity with Gene Munster

Tech Crash or Buying Opportunity with Gene Munster - YouTube

Josh Brown calls today’s market move higher a "bear market bounce"

Josh Brown calls today’s market move higher a "bear market bounce" - YouTube

Might see a short-term bounce, but still cautious long-term, says investor Dan Niles

Might see a short-term bounce, but still cautious long-term, says investor Dan Niles - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped another 1.80 to 6.00, lowest level since October 2022. It remains extremely oversold, but has yet to show technical signs of a bottom.

The long term Barometer dropped another 1.80 to 18.60, lowest level since October 2022. It remains extremely oversold, but has yet to show technical signs of a bottom.

The short term Barometer (20 days) dropped 0.60 to 2.00, lowest level since October 2022

TSX Momentum Barometers

The intermediate term Barometer dropped another 1.38 to 16.06. It remains extremely oversold, but has yet to show signs of a bottom.

The long term Barometer dropped another 2.75 to 26.15, lowest level since October 2022. It remains extremely oversold, but has yet to show signs of a bottom.

The short term Barometer (20 days) dropped 0.92 to 3.67, 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