Technical action by actively traded equities and ETFs was surprisingly quiet despite increased price volatility. Gold (GLD) and gold equity ETFs (GDX and GDXJ) moved higher to multi-year highs.Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Technical Equity Trends for April 10th 2025Green: Increase from previous dayRed: Decrease from previous daySource for all positive seasonality rat...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 100 points at 8:30 AM EDT. Futures responded to concern about growing tariff wars. Delta Airlines added $0.72 to $36.10 after reporting higher than consensus first quarter results. Cal-Maine Foods dropped $3.98 to $86.35 after reporting less than consensus fiscal third quarter results.Constellation Energy added $1.26...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 88 points at 8:35 AM EDT.S&P 500 futures recovered 22 points following release of the March Consumer Price Index at 8:30 AM EDT. Consensus was a 0.1% increase versus a 0.2% gain in February. Actual was a 0.1% drop. On a year-over-year basis, consensus was a 2.6% increase versus 2.8% in February. Actual was a 2.4%...Read More
Technical action by North American equity prices moved strongly higher after President Trump announced a 90 day pause on tariffs for goods imported from most countries. The exception was China. Prior to the news at 1:15 PM EDT, technical action by big cap U.S. equities had been negative: Verizon and Comcast had broken below in below support setting intermediate downtrends. Trader's CornerEquity In...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 136 points at 8:30 AM EDT.Broadcom added $8.71 to $162.85 after announcing a new $10 billion share buyback program.Levi Straus advanced $0.41 to $13.91 after reporting higher than consensus first quarter earnings and revenues.CVS Health gained $5.46 to $69.31 after the U.S. government announced a $25 billion increase i...Read More
U.S. equity index futures were sharply lower this morning in response to tariff wars. S&P 500 futures were down 119.00 points to 4,955.08 at 8:30 AM EDT.JP Morgan raised chances of a recession in the U.S. to 60%.World equity markets were sharply lower this morning. The Hang Seng plunged 3,021 to 19,828. The Nikkei plunged 2,633 to 31,136. The Frankfurt DAX plunged 778 to 19,866. The Paris CAC...Read More
Pre-opening Comments for Friday April 4thU.S. equity index futures were sharply lower this morning. S&P 500 futures were down 157 points at 8:35 AM EDT.Index futures responded partially to China's retaliation to U.S. tariffs with a 34% tariff on U.S. imported goods. S&P 500 futures dropped an additional 9 points at 8:35 AM EDT following release of the March U.S. Non-farm Payrolls at 8:30 A...Read More
U.S. equity indices moved sharply lower following President Trump's tariff announcement released after the close yesterday. S&P 500 Index dropped 188.00 to 5,524.75. Dow Jones Industrial Average dropped 1,198 to 41,292. NASDAQ 100 Index dropped 796.50 to 19,011.50The Canadian Dollar advanced 0.66 to US70.94 on weakness in the U.S. Dollar IndexNotably weaker following Trump's announcement were...Read More
Dollarama $DOL.TO a TSX 60 stock moved above Cdn$156.25 to an all-time high extending an intermediate uptrend.Manulife Financial $MFC.T0 a TSX 60 stock moved above Cdn$45.65 to an all-time high extending an intermediate uptrend.Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Technical Equity Trends for April 2nd 2025Green: Increase from previous dayRed: Decrease from previous daySourc...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 59 points at 8:30 AM EDT.President Trump is scheduled to announce his tariff policies after 4:00 PM EDT today.Tesla dropped $7.03 to $261.67 on news that the company's EV sales in China were down 11% in the first quarter. Charles Schwab added $1.07 to $78.74 after Citigroup upgraded the stock from Neutral to Buy. Targ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points at 8:30 AM EDT.PVH advanced $10.13 to $74.77 after reporting higher than consensus fourth quarter earnings. Progress Software gained #.00 to $54.50 after raising earnings guidance higher than consensus. Johnson & Johnson dropped $5.83 to $160.01 after a judge dismissed the company's third attempt to reso...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 58 points at 8:30 AM EDT.Goldman Sachs raised its probability of a recession in the United States during the next 12 months from 20% to 35%.World equity indices were lower overnight. The Nikkei Average dropped 1,502.77 to 35,617.56. Tesla dropped $14.21 to $249.26 after Stifel lowered its target price from $474 to $45...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points at 8:30 AM EDT.S&P 500 futures dropped 6 points following release of economic news at 8:30 AM EDT. February Core PCE Price Index was expected to increase 0.3% versus a 0.3% gain in January. Actual was a 0.4% gain. February U.S. Personal Income was expected to increase 0.4% versus 0.9% in January. Actual...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points at 8:35 AM EDTS&P 500 futures recovered 7 points following release of second revision of U.S. fourth quarter GDP at 8:30 AM EDT. Consensus was annualized growth at a 2.3% rate. Actual was 2.4%.U.S. auto stocks moved lower following President Trump's move of a 25% tariff on finished autos imported into the...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of February Durable Goods Orders at 8:30 AM EDT. Consensus called for a 1.0% drop versus a 3.1% gain in January. Actual was a 0.9% gain.GameStop advanced $1.59 to $26.98 after the company confirmed plans to invest in Bitcoin. General Dynamics...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:30 AM EDT.KB Home dropped $5.39 to $56.40 after reporting less than consensus fourth quarter revenues and earnings. The company also lowered guidance. Oklo dropped $1.34 to $29.57 after reporting a quarterly loss.Carvana added $10.93 to $224.56 after Morgan Stanley upgraded the stock from Equal Weight to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 67 points at 8:30 AM EDT. Index futures were boosted by news that President Trump will hold back some of his announced tariffs.Boeing advanced $3.01 to $181.12 and Lockheed Martin dropped $6.70 to $433.19 after Boeing won the contract to build the next U.S. jet fighter. Lockheed was the other manufacturer that was bidd...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points at 8:30 AM EDT.FedEx dropped $10.71 to $235.50 after the company issued lower fiscal fourth quarter guidance. Nike dropped $5.09 to $66.77 after lowering fiscal fourth quarter guidance.Micron advanced $3.56 to $106.50 after reporting higher than consensus fiscal second quarter results. Lennar dropped $3.92 t...Read More
TC Energy $TRP a TSX 60 stock moved above Cdn$70.05 to an all-time high extending an intermediate uptrend.Kinross Gold $KGC a TSX 60 stock moved above US$12.35 extending an intermediate uptrend.Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Technical Equity Trends for March 20th 2025 Green: Increase from previous dayRed: Decrease from previous daySource for all positive seasonality r...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.Microchip Technology dropped $2.62 to $51.95 after offering depository shares valued at $1.35 billion.Accenture dropped $15.47 to $309.00 despite reporting higher than consensus fiscal second quarter results.Darden Restaurants dropped $0.65 to $187.50 after reporting less than consensus fiscal...Read More