The S&P 500 just formed a bullish hammer pattern on the monthly chart 🚀
▶️ What is a bullish hammer? "The hammer candlestick is a bullish trading pattern that suggests a stock/index has found its bottom and is poised for a trend reversal. It means that sellers entered the market and drove the price down but were eventually outnumbered by purchasers, who drove the asset price up". Source: Barchart
If you'd taken the month of April off, you'd never know the world faced an existential crisis (the end of US exceptionalism etc...)
It is indeed hard to believe but the $QQQ Nasdaq 100 ended the month in the green and tagged its 50 day moving average... April has been a rollercoaster ride for traders: a 16% peak to trough drawdown in the first week of the month, followed by a ~18% rally the last few weeks… only to ‘fail’ at the 50-dma yesterday. Source: www.zerohedge.com, Bloomberg
Before you Sell in May, just remember this month has been higher 9 of the past 10 years.
Source: Ryan Detrick, Carson
Global stocks are close to reversing all post "Liberation Day" losses
Source: David Ingles @DavidInglesTV, Bloomberg
BofA:
Analysts may be trimming not slashing: 2025 bottom-up consensus EPS of $266 has been cut by ~1.5%, near the long-term average, in April and still implies 10% YoY growth. Source: Mike Zaccardi, CFA, CMT, MBA
🔴 A HUGE WEEK AHEAD FOR EARNINGS
👉 Monday: $WM $DPZ 👉Tuesday: $KO $V $SBUX $SNAP $SOFI $SPOT $PFE $UPS $MO $GM $HON 👉Wednesday: $MSFT $META $HOOD $QCOM $CAT $ETSY 👉 Thursday: $AAPL $AMZN $LLY $MA $ABNB $MSTR $RBLX $MRNA $RDDT $XYZ 👉 Friday: $XOM $CVX (Source for the Earnings Calendar - @EarningsHubHQ) thru Evan on X
The S&P 500 is almost back to where it was on Liberation Day
Source: Barchart
Gold prices have OUTPERFORMED the S&P 500 by 33% so far this year, the most since at least 50 YEARS.
Since the start of 2023, gold has rallied 82% while the S&P 500 44%, despite 2023 and 2024 being the best years for stocks since the Dot-Com BUBBLE. Source: Global Markets Investor
