Tech Talk for Wednesday April 30th 2025

U.S. equity index futures were lower this morning. S&P 500 futures dropped 45 points at 8:35 AM EDT

S&P 500 futures dropped 10 points following release of first quarter U.S. annualized GDP in the first quarter at 8:30 AM EDT. Consensus was a 0.4% increase versus a 2.4% gain in the fourth quarter. Actual was a 0.3% drop

The Canadian Dollar was unchanged at US72.28 cents following release of Canada's February GDP at 8:30 AM EDT. Consensus was unchanged versus a 0.4% gain in January. Actual was a 0.2% drop.

Visa advanced $3.98 to $345.50 after reporting higher than consensus first quarter earnings.

Starbucks dropped $1.10 to $83.75 after reporting less than consensus fiscal second quarter results.

First Solar dropped $14.01 to $123.00 after reporting less than consensus quarterly results. The company also lowered guidance.

Super Micro Computer dropped $5.15 to $30.85 after lowering quarterly guidance.

EquityClock's Market Outlook for April 30th

Tariff front-running was highly influential in economic activity in March, resulting in a record first quarter increase in imports and the fourth largest decline in job openings. See:

https://equityclock.com/2025/04/29/stock-market-outlook-for-april-30-2025/

Technical Notes

Japan iShares $EWJ moved above $71.88 to an all-time high extending an intermediate uptrend.

Healthcare SPDRs $XLV moved above $139.44 completing a double bottom pattern. Technical score increased from 0 to 4.

Cognizant $CTSH a NASDAQ 100 stock moved above $73.21 completing a double bottom pattern.

Magna International $MG.TO a TSX 60 stock moved above Cdn$47.87 completing a double bottom pattern. Response to auto tariffs peeling back?

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 29th 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 29th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 29th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Planes, Trains & Automobiles: Economic Warning? Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=gN6R8vI2RGM

CHART THIS with David Keller, CMT Tuesday 4/29/25

Note comments on the inverted yield curve

https://www.youtube.com/watch?v=DYBlQ1TU9LI

S&P 500 Momentum Barometers

The intermediate term Barometer advanced another 4.80 to 40.00. It changed from Oversold to Neutral by reaching 40.00. Daily uptrend was extended

The long term Barometer added another 1.40 to 36.80. It remains Oversold. Daily uptrend was extended.

Short term (20 days) Barometer added another 4.60 to 78.20. It remains Overbought. Uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer slipped 1.38 to 53.67. It remains Neutral.

The long term Barometer added another 1.38 to 52.75. It remains Neutral.

The short term (20 days) Barometer slipped 0.92 to $78.44. It remains Overbought. Early signs of an approaching peak?

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.