Pre-opening Comments for Tuesday March 11th
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:30 AM EDT.
Delta Airlines dropped $5.61 to $44.72 after offering fiscal first quarter guidance below consensus.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0014-3.png "clip_image001[4]")
Oracle dropped $4.79 to $144.00 after reporting less than consensus fiscal third quarter revenues.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0024-3.png "clip_image002[4]")
LifeMD advanced $0.86 to $5.13 after offering fiscal fourth quarter guidance above consensus.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0034-3.png "clip_image003[4]")
Ciena added $4.44 to $69.97 after reporting higher than consensus fiscal first quarter revenues and earnings.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0044-2.png "clip_image004[4]")
EquityClock’s Market Outlook for March 11th
Don’t be the hero trying to catch a falling knife, but lookout for these signs of capitulation to buy the dip. See:
https://equityclock.com/2025/03/10/stock-market-outlook-for-march-11-2025/
Technical Notes
Canada MSCI iShares $EWC moved below US$39.39 completing a double top pattern.
Major U.S. Index ETFs broke support completing double top pattern: Dow Jones Industrial Average SPDRs $DIA moved below $417.73. Dow Jones Transportation Average SPDRs moved below $66.43
Australia iShares $EWA moved below $23.54 extending an intermediate downtrend.
George Weston $WN.TO a TSX 60 stock moved above Cdn$239.62 to an all-time high extending an intermediate uptrend.
Amazing number of stocks moved higher yesterday despite general weakness by U.S. equity indices! S&P 100 and NASDAQ 100 stocks moving above resistance extending intermediate uptrends included Pfizer $PFE on a move above $27.12, General Dynamics $GD on a move above $274.15, NextEra Energy $NEE on a move above $73.32, Biogen $BIIB on a move above $156.37, Monster Beverages on a move above $56.70 and Southern Companies $SO on a move above $92.89, Regeneron $REGN on a move above $741.37, Dollar General $DG on a move above $84.09, Costar Group $CSGP on a move above $82.49 and US Bancorp on a move below $42.57.
S&P 100 and NASDAQ 100 stocks moving below support extending intermediate downtrends included Microsoft $MSFT on a move below $383.34, Simon Properties $SPG on a move below $166.44, Booking $BKNG on a move below $4,586.51, Goldman Sachs $GS on a move below$541.80, Walmart $WMT on a move below intermediate support at $88.91, Schwab on a move below $71.07, Citigroup $C on a move below $67.45, Workday $WDAY on a move below $244.88 and MetLife $MET on a move below $78.22
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 10th 2025
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for March 10th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 10th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
What investors are looking for under a Carney leadership
What investors are looking for under a Carney leadership – YouTube
Chart Check On Stocks As Nasdaq Enters Correction: Guy Adami, Dan Nathan, Carter Worth
https://www.youtube.com/watch?v=yH78-qkSVpc
Stocks at a Turning Point – What’s Next? ValueTrendCanada
https://www.youtube.com/watch?v=jGSAXPMCBZU
5 Strong Stocks Defying the Bearish Market! David Keller
https://www.youtube.com/watch?v=dpI6aeZDvjc
Canadian Association for Technical Analysis Presentation
Next presentation on ZOOM is this evening at 8:00 PM EDT. Speaker is Don Dony, author of the TechnicalSpeculator. Everyone is welcome. Not a member? Contact:
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 4.20 to 43.20. It remains Neutral.
The long term Barometer dropped 5.60 to a 16 month low at 46.80. It remains Neutral. Daily downtrend continues.
TSX Momentum Barometers
The intermediate term Barometer dropped 7.27 to 38.18. It changed from Neutral to Oversold on a move below 40.00. Daily downtrend continues.
The long term Barometer dropped 5.45 to a 15 month low at 49.09. It remains Neutral. Daily downtrend continues.
Disclaimer: Seasonality ratings 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
|
|
March 11th, 2025 at 1:41 pm
Nice to see you posting Canuck2004, it’s been awhile. Indeed this market is going lower, tech stocks were way out of whack. I’m certain we will learn all the tales of clever accounting shenanigans in the not too future. Tesla is going bankrupt it starts slowly, then all at once. This market reminds me of the mid 70’s first the blow off (maybe now) then a grind lower over few years until someone like a Thatcher/ Mulroney / Volker comes in and says “that’s enough”. Wish I was younger to stomach the pain. Anyway , safe trading to all out there. Here’s a special to toast to Ron looking down at us from the great chart in the sky.
March 11th, 2025 at 3:21 pm
Jeremy Siegal – Just watched him on CNBC and a video of it will likely be put on the website. In a nutshell he said the Trump Admin is out of its’ mind. Basically he said whatever manufacturing job gains the US could ever hope to achieve over a period of a number of years through tariffs would be a fraction of one percent of total employment while the destruction of a recession and wealth destruction of half of the country’s savings would be gigantic. The losses far far outweigh any benefits and the market is in great peril. He was most sympathetic towards Canada.
March 11th, 2025 at 3:42 pm
The last number of empires have faded after about 200 yrs (British, Spanish, Portuguese, Greek, etc…), looks like we are watching this happen real time in the US. Not sure what will be left in 4 yrs, but if the trend is any indication (along with the policies), as you point out Larry very little or a fraction of what was there to start with. Hope everyone is weathering this storm from the sidelines. We will get a buying chance, sometime later this year, however, lots of turbulence before we get there. Last time I remember seeing this kind of volatility was in 2008 which took awhile to fizzle and then restart the climb.