Responses to the FOMC Meeting News at 2:00 PM EDT Equity indices moved lower Bond prices moved lower U.S. Dollar Index moved higher The VIX Index spiked. Observations Rough day for base metal and base metal stock prices on a breakdown by copper! Also, breakdowns by Freeport McMoran Copper & Gold and First Quantum. Cramer on Mad Money He noted after the close last night that equity traders should “take money off the table” Following is a link: www.cnbc.com/2019/05/01/cramer-weve-had-a-terrific-run-its-time-to-trim-some-positions.html StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Quiet. Intermediate breakout:$RCL Breakdowns: $GRMN $EIX Editor’s Note: After 10:00 AM EDT, intermediate breakouts included BXP, CVS, KR, ADM and FE. Breakdowns included CLX, FCX and APA. Platinum ETN $PPLT moved below $82.88 setting an intermediate downtrend ‘Tis the time for Platinum to reach a seasonal peak! $PPLT $PLAT U.S. Aerospace & Defense ETF $ITA moved above $210.71 extending an intermediate uptrend Cdn oil service stocks remain under technical pressure. Calfrac Well Services $CFW.CA moved below $3.08 extending downtrend First Quantum Minerals $FM.CA moved below $13.84 completing a double top pattern. Editor’s Note: Freeport McMoran Copper and Gold also had a rough day. First Trust Natural Gas ETF $FCG moved below $16.61 setting an intermediate downtrend S&P Metals and Mining SPDRs $XME moved below $29.52 setting an intermediate downtrend. Encana $ECA $ECA.CA, a TSX 60 stock moved below $6.73 U.S. and $9.01 Cdn.setting an intermediate downtrend Steel ETF $SLX moved below $38.22 setting an intermediate downrend US Construction Spending up 8.7% (NSA) in March, weaker than 10.9% increase that is average for this time of year $MACRO #ConstructionSeason Palladium ETN $PALL moved below $125.57 completing a Head & Shoulders pattern. Another Canadian "gassy" stock breakdown! Crew Energy moved below $1.08. Trader’s Corner Note changes in Seasonality rankings! Equity Indices and related ETFs Daily Seasonal/Technical Equity Trends for May 1st 2019 Green: Increase from previous day Red: Decrease from previous day Commodities Daily Seasonal/Technical Commodities Trends for May 1st 2019 Green: Increase from previous day Red: Decrease from previous day Sectors Daily Seasonal/Technical Sector Trends for May 1st 2019 Green: Increase from previous day Red: Decrease from previous day Markets, Commodities and Sectors Reaching Their Seasonal Peak Near This Time Of Year S&P 500 Momentum Barometer The Barometer dropped 6.00 to 67.40 yesterday. It remains intermediate overbought and rolling over. TSX Momentum Barometer The Barometer plunged 7.41 to 50.64 yesterday. It remains intermediate neutral and trending down. 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