Tech Talk for Wednesday April 23rd 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 125 points at 8:30 AM EDT. Futures responded to comments by President Trump that he has no intention of firing Federal Reserve Chairman Powell. In addition, Trump mentioned that trade negotiations with China are progressing.

SAP added $13.20 to $265.60 after reporting higher than consensus first quarter earnings.

Tesla gained $2.21 to $240.00 after announcing plans to launch a new vehicle.

Enphase dropped $5.65 to $47.78 after reporting less than consensus first quarter earnings. The company also lowered guidance.

Capital One advanced $1.99 to $172.19 after reporting higher than consensus first quarter earnings.

EquityClock's Market Outlook for April 23rd

Copper-Gold ratio has reached down to the pandemic low amidst the rally in the precious metal. See:

https://equityclock.com/2025/04/22/stock-market-outlook-for-april-23-2025/

Technical Notes

Mexico iShares $EWW moved above $55.22 extending an intermediate uptrend.

Fortis $FTS.TO a TSX 60 stock moved above Cdn$67.52 to an all-time high extending an intermediate uptrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 22nd 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 22nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 22nd 2025

Green: Increase from previous day

Red: Decrease from previous day

Canadian Association for Technical Analysis Presentation

Presenter on Zoom is Tom Sosnoff from Tastylive.com Presentation time is at 8:00 PM EDT tomorrow (April 24th). Everyone is welcome. Not a member? Contact

April 24 – Tom Sosnoff – tastylive.com – Events – Canadian Association for Technical Analysis (canadianata.ca)

Links offered by valued providers

Bearish Warning: 3 Market Sentiment Indicators You Can't Ignore: David Keller

https://www.youtube.com/watch?v=EWyMYnBsa74

Profit Potential in Heavily Shorted Stocks! ValueTrendCanada

https://www.youtube.com/watch?v=rwYcXtsx4YA

A Stabilizing Market with Jeff deGraaf

A Stabilizing Market with Jeff deGraaf - YouTube

The cost of Canadian election promises: BNN

The cost of election promises - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 7.60 to 24.20. It remains Oversold.

The long term Barometer added 4.00 to 30.80. It remains Oversold.

The short term (20 days) Barometer jumped 18.60 to 33.40. It remains Oversold. Daily trend is up.

TSX Momentum Barometers

The intermediate term Barometer added 2.29 to 41.28. It changed from Oversold to Neutral on a move above 40.00.

The long term Barometer added 2.75 to 44.95. It remains Neutral. Daily uptrend was extended,

Short term (20 days) Barometer jumped 8.26 to 47.25.

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.