Tech Talk for Thursday April 24th 2025

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EDT.

S&P 500 futures recovered 7 points following release of the March Durable Goods Orders report at 8:30 AM EDT. Consensus was a 1.6% increase versus a 0.9% gain in February. Actual was a 9.2% gain.

Texas Instruments advanced $8.38 to $160.22 after reporting higher than consensus first quarter earnings.

IBM dropped $12.51 to $233.00 after reporting lower than consensus infrastructure and consulting revenues in the first quarter.

Raymond James Financial dropped $3.15 to $132.18 after reporting less than consensus first quarter earnings.

Chipotle dropped $1.76 to $47.00 after reporting less than consensus first quarter revenues.

EquityClock's Market Outlook for April 24th

While Gold is showing signs of upside exhaustion, don't count out the longer-term potential for the broader precious metal trade, including the miners. See:

https://equityclock.com/2025/04/23/stock-market-outlook-for-april-24-2025/

Technical Notes

Canada iShares $EWC moved above intermediate resistance at US$41.92

Costar $CSGP a NASDAQ 100 moved above $83.03 extending an intermediate uptrend.

Canadian Tire $CTC.A.TO a TSX 60 stock moved above Cdn$152.77 resuming an intermediate uptrend.

Dollarama $DOL.TO a TSX 60 stock moved above Cdn$174.11 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 23rd 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 23rd 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 23rd 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Bull Markets Don't Die of Age – They Die of Fear: David Keller

https://www.youtube.com/shorts/SKuhKB2u_FM

The Fed’s Impossible Dilemma: Why Central Banks Are Panicking

https://www.youtube.com/watch?v=KRjUkX9v3Sg

SP500 Technical Analysis 4-23-25 (Elliott Wave Theory)

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

Stocks Surge As Trump Backtracks on Powell, China: Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=4nzYWnCvHu4

Hidden Gems: Bullish Patterns Emerging in These Country ETFs: Joe Rabil

https://www.youtube.com/watch?v=4_k9UUm1AnA

CHART THIS with David Keller, CMT Wednesday 4/23/25

https://www.youtube.com/watch?v=sKuU601vOMk

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.60 to 27.80. It remains Oversold. Daily uptrend resumed.

The long term Barometer added 0.40 to 31.20. It remains Oversold.

Short term (20 days) Barometer jumped 11.80 to 45.20. Daily uptrend was extended.

TSX Momentum Barometers

Intermediate term Barometer added 1.83 to 43.12. It remains Neutral.

The long term Barometer added 2.29 to 47.25. It remains Neutral. Daily uptrend was extended.

Short term (20 days) Barometer jumped 11.01 to 58.26. 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.