Nike $NKE a Dow Jones Industrial Average stock moved above $59.20 and $59.55 completing a double bottom pattern.
S&P 100 and NASDAQ 100 stocks moving above resistance extending intermediate uptrends included General Electric Aerospace $GE on a move above $213.21, Ross Stores $ROST on a move above $144.31, Charles Schwab $SCHB on a move above $84.22, eBay $EBAY on a move above $71.29 and Okta $OKTA on a move above $118.07.
TSX 60 stocks moving above intermediate resistance extending uptrends included
CCL Industries $CCL.B.TO on a move above Cdn$74.74 and Cdn$75.18, Canadian National Railway $CNR.TO on a move above $140.58, WSP Global $WSP.TO on a move above $264.46 and Thomson Reuters $TRI.TO on a move above $260.45.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for May 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 May 8th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for May 8th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
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Bulls Seek to Recapture 200-Day SMA, U.S. Dollar Retracement Signals
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S&P 500 Momentum Barometers
The intermediate term Barometer advanced 5.80 to 60.80. It changed from Neutral to Overbought. Daily uptrend was extended.
Long term Barometer added 1.20 to 44.60. It remains Neutral. Daily uptrend was extended.
TSX Momentum Barometers
The intermediate term Barometer added 2.75 to 70.18. It remains Overbought. Daily uptrend was extended.
The long term Barometer added 2.29 to 59.17. It remains Neutral. Daily uptrend was extended.
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.
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