Tech Talk for Wednesday May 4th 2022

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade.

Index futures were virtually unchanged following release of the March Trade Deficit at 8:30 AM EDT. Consensus was $106.7 billion versus $89.20 billion in February. Actual was $109.8 billion

The Canadian Dollar was virtually unchanged at US78.04 cents following release of Canada's March Merchandise Trade Balance at 8:30 AM EDT. Consensus was a surplus of $3.98 billion versus a surplus of $2.66 billion in February. Actual was a surplus of $2.49 billion.

Advanced Micro Devices added $6.74 to $97.87 after the company reported higher than consensus first quarter results. The company also offered positive guidance.

Match Group plunged $3.74 to $75.28 after the company lowered guidance.

Akamai plunged $11.15 to $102.65 after the company reported lower than consensus revenues. The company also lowered guidance.

Lyft dropped $4.32 to $26.44 after the company lowered guidance.

EquityClock's Daily Comment

Headline reads "The rise in factory inventories through the first quarter of this year has been the strongest in a decade, suggesting that, as consumer momentum slows, there is simply too much "stuff". Following is a link:

http://www.equityclock.com/2022/05/03/stock-market-outlook-for-may-4-2022/

Technical Notes released yesterday at

StockTwits.com@EquityClock

Este Lauder $EL moved below $248.42 extending an intermediate downtrend. The company reported less than consensus earnings.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 3rd 2022

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for May 3rd 2022

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 3rd 2021

Green: Increase from previous day

Red: Decrease from previous day

All seasonality ratings are based on performance relative to the S&P 500 Index (except TSX)

S&P 500 Momentum Barometers

The intermediate term Barometer added 4.01 to 29.06 yesterday. It remains Oversold.

The long term Barometer added 2.00 to 38.08 yesterday. It remains Oversold.

TSX Momentum Barometers

The intermediate term Barometer added 3.09 to 24.09 yesterday. It remains Oversold.

The long term Barometer added 1.61 to 47.73 yesterday. It remains Neutral.

Disclaimer: Seasonality 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.

May the 4th Be With You!