Tech Talk for Thursday May 1st 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 57 points at 8:30 AM EDT.

Dow Jones Industrial Average ($INDU) is expected to open above intermediate resistance at 40,791.18 completing a double bottom pattern following release of better than consensus quarterly results after the close yesterday by Microsoft and Meta Platforms.

Microsoft advanced $34.24 to $429.50 after reporting higher than consensus fiscal third quarter results.

Meta Platforms gained $25.24 to $574.25 after reporting higher than consensus first quarter results.

Canadian Pacific Kansas City (CP.TO $Cdn100.13) is expected to open higher after reporting higher than consensus first quarter results.

EquityClock's Market Outlook for May 1st

While the start of the off-season for stocks gets underway in May, the S&P 500 Index has still averaged a gain of 0.8% during this fifth month of the year over the past five decades.

See: https://equityclock.com/2025/04/30/stock-market-outlook-for-may-1-2025/

Technical Notes

Starbucks $SBUX a Dow Jones Industrial Average stock moved below $76.15 extending an intermediate downtrend.

Charter Communications $CHTR a NASDAQ 100 stock moved above $391.61 resuming an intermediate uptrend.

Canadian bank stocks led the advance by TSX in late trading yesterday. BMO Equal Weight Canadian Banks ETF (ZEB.TO) moved above intermediate resistance at Cdn$40.78.

Power Corp. (POW.TO) a TSX 60 stock moved above Cdn$52.09 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 30th 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 30th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 30th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

GDP Shock Sinks Stocks: Guy Adami and Dan Nathan

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Master the 18/40 MA Strategy: Spot Trend, Momentum & Entry: Joe Rabil

Master the 18/40 MA Strategy: Spot Trend, Momentum & Entry - YouTube

The tech trade changes after good earnings results, says Wedbush’s Dan Ives

The tech trade changes after good earnings results, says Wedbush’s Dan Ives - YouTube

CHART THIS with David Keller, CMT Wednesday 4/30/25

https://www.youtube.com/watch?v=dkMli6KcHo4

S&P 500 Momentum Barometers

The intermediate term Barometer added another 2.80 to 42.80. It remains Neutral. Daily uptrend was extended.

The long term Barometer was unchanged at 36.80. It remains Oversold. Daily uptrend was extended.

Short term (20 days) Barometer added 0.80 to 79.00. It remains Overbought. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 0.92 to 54.59. It remains Neutral. Daily uptrend was extended.

The long term Barometer added 0.46 to 53.21. It remains Neutral. Daily uptrend was extended.

The short term (20 days) Barometer added 1.38 to 79.82. It remains Overbought. 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.