U.S. equity index futures were lower this morning. S&P 500 futures were down 57 points at 8:30 AM EDT.Netflix advanced $28.97 to $1,003.00 after reporting higher than consensus first quarter earnings. Tesla dropped $9.54 to $231.80 after Barclays lowered its target price from $325 to $275.Comerica added $0.55 to $53.50 after reporting higher than consensus first quarter earnings.Capital One ad...Read More
Silver Miners ETF $SIL moved above $41.52 extending an intermediate uptrend. Barrick Gold $ABX.TO a TSX 60 stock moved above Cdn$28.99 to a 3 year high extending an intermediate uptrend. Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Technical Equity Trends for April 16th 2025Green: Increase from previous dayRed: Decrease from previous daySource for all positive seasonality ratings:...Read More
U.S. equity index futures (except the Dow Jones Industrial Average with its heavy weight in UnitedHealth Group) were higher this morning. S&P 500 futures were up 41 points at 8:35 AM EDTS&P 500 Index futures added 15 points following release of economic news at 8:30 AM EDT. Consensus for U.S. March Housing Starts was a drop to 1.420 million units from 1.501 million units in February. Actua...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 40 points at 8:35 AM EDT.S&P 500 futures were unchanged following release of March U.S. Retail Sales at 8:30 AM EDT. Consensus was a 1.3% increase versus a 0.2% gain in February. Actual was a 1.4% gain. Excluding auto sales, consensus was a 0.4% increase versus a 0.2% gain in February. Actual was a 0.5% gain.Netfl...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were down 20 points at 8:35 AM EDT.The Canadian Dollar slipped 0.10 to 71.90 cents following release of Canada's March Consumer Price Index at 8:30 AM EDT. On a year-over-year basis consensus was a 2.6% increase versus a 2.7% gain in February. Actual was a 2.3% gainS&P 500 futures added 8 points following release of the Ap...Read More
The S&P 500 Index just completed the so called "Death Cross" when its 50 day moving average moved below its 200 day moving average.General Dynamics $GD an S&P 100 stock moved above $277.71 completing a double bottom pattern.Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Technical Equity Trends for April 14th 2025Green: Increase from previous dayRed: Decrease from previous day...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 78 points at 8:30 AM EDT.Index futures responded to news that tariffs on semiconductors and iPhones are temporarily exempt. Apple gained $11.27 to $209.42. NVidia added $3.47 to $114.40.Comcast dropped $0.33 to $33.39 after Wells Fargo downgraded the stock from Equal Weight to Underweight.EquityClock's Market Outlook f...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 44 points at 8:35 AM EDT.China raised its tariffs on U.S. goods to 125%.S&P 500 futures added 20 points following release of the March Producer Price Index at 8:30 AM EDT. Consensus called for a 0.2% increase versus no change in February. Actual was a 0.4% drop. On a year-over-year basis, consensus called for a 3.3...Read More
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
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 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
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