Tech Talk for Tuesday April 22nd 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at 8:30 AM EDT.

General Electric Aerospace advanced $3.29 to $181.64 after reporting higher than consensus first quarter results.

Medpace Holdings dropped $18.99 to $270.00 after lowering second quarter guidance.

Halliburton dropped $0.92 to $21.00 after reporting a decline in first quarter revenues.

Verizon dropped $1.54 to $41.39 after reporting a larger than consensus postpaid phone net loss.

EquityClock's Market Outlook for April 22nd

The US Dollar Index is breaking down as investors flee domestic US equities for stocks overseas and non-cyclical commodities. See:

https://equityclock.com/2025/04/21/stock-market-outlook-for-april-22-2025/

Technical Notes

Magnificent 7 stocks led the downtrend in U.S. equities. Notable was the break by Meta Platform on a move below $481.90 to a nine month low.

Dollar Tree $DLTR a NASDAQ 100 stock moved above $79.80 extending an intermediate uptrend.

UnitedHealth Group $UNH a Dow Jones Industrial Average stock moved below $436.63 and $429.51 to a 3 year low setting an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 21st 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 21st 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 21st 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Stocks Sink As Trump Threatens To Fire Fed Chair Powell: Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=iVRD5F8Rico

Markets react to Trump’s attacks on U.S. Fed chair: John Zechner

Markets react to Trump’s attacks on U.S. Fed chair - YouTube

Jefferies downgrades CIBC and the National Bank of Canada

Jefferies downgrades CIBC and the National Bank of Canada - YouTube

3 Things You Need to Know This Week | Global Economy, Treasury Volatility, US Dollar (Apr. 21, 2025)

3 Things You Need to Know This Week | Global Economy, Treasury Volatility, US Dollar (Apr. 21, 2025) - YouTube

CHART THIS with David Keller, CMT Monday 4/21/25

https://www.youtube.com/watch?v=fnzMOAH_9Fo

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 7.00 to 16.50. It remains Oversold.

The long term Barometer dropped 5.20 to 26.80. It remains Oversold.

Short term (20 days) Barometer plunged 12.20 to 14.80.

TSX Momentum Barometers

Intermediate term Barometer dropped 4.13 to 38.99. It changed from neutral to oversold on a return below 40.00.

The long term Barometer dropped 2.29 to 42.20. 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.