EB Daily Market Report - Tuesday, April 29, 2025

Dear Members.

A brief update today as Tom prepares for tonight's Q1 Earnings webinar that will begin at 5:00 pm EST. You will be sent room instructions prior to the start of the event.

In the scheme of things the market is fairly calm today with all of the major indexes higher. And in fact, all of the major indexes are currently back above their respective 20 day moving averages.

Fear continues to subside some with the VIX continuing to move lower from its peak of 60 on April 7 to closer to 24 today. Still a bit more elevated than the bulls would like but steady progress downward.

The S&P did manage to put in a slightly higher high today with the bulls eyeing the 50 day moving average, currently at 5613. Should there be any reversal at any point keep an eye on yesterday's low of 5468 for possible support.

This recent, positive market action will be tested big time starting tomorrow and right through the end of the week as we get earnings from META and MSFT tomorrow after the bell and then AAPL and AMZN on Thursday. In fact, Tom will be giving his thoughts on each of these tech giants during tonight's earnings webinar.

Tom will be back tomorrow with his regular Daily Market Report.

At your service,

John Hopkins