Pre-opening Comments for Thursday March 13^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EDT.

S&P 500 futures were unchanged following release of the February U.S. Producer Price Index at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.4% increase in January. Actual was unchanged. Excluding food and energy, consensus was a 0.3% increase versus a 0.3% increase in January. Actual was a 0.1% drop.

Intel gained $2.47 to $23.15 after announcing selection of a new Chief Executive Officer.

UIPath dropped $2.18 to $9.65 after offering lower than consensus revenue guidance.

American Eagle Outfitters dropped $0.55 to $10.90 after announcing lower fourth quarter revenues. The company also offered first quarter guidance below consensus.

Adobe dropped $5.10 to $433.75 despite reporting higher than consensus fiscal first quarter results.

EquityClock’s Market Outlook for March 13^th

Selling exhaustion in the Technology sector becoming evident as end-of-quarter mean reversion starts to take hold. See:

https://equityclock.com/2025/03/12/stock-market-outlook-for-march-13-2025/

Technical Notes

Silver ETN $SLV moved above $30.77 setting an intermediate uptrend

Silver Equity ETF $SIL moved above $38.34 setting an intermediate uptrend.

Old Dominion Freight Line $ODFL a NASDAQ 100 stock moved below $164.81 extending an intermediate downtrend.

Texas Instruments $TXN an S&P 100 stock moved below $176.76 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 12^th 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 12^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 12^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Recession fears grow despite better than expected inflation data: Steve Leisman

Recession fears grow despite better than expected inflation data – YouTube

Temerity, Punditry & More Stock Market Uncertainty: Guy Adami and Dan Nathan

Temerity, Punditry & More Stock Market Uncertainty – YouTube

CHART THIS with David Keller, CMT Wednesday 3/12/25: David Keller

https://www.youtube.com/watch?v=a4vcp5egwIk

S&P 500 Momentum Barometers

The intermediate term Barometer dropped another 3.60 to 30.00. It remains Oversold. Daily downtrend continued.

The long term Barometer dropped another 2.20 to 39.60. It changed from Neutral to Oversold on a move below 40.00. Daily downtrend continued.

Short term (20 day) Barometer plunged 7.80 to 20.00. It remains Oversold. Daily downtrend continued.

TSX Momentum Barometers

The intermediate term Barometer added 0.91 to 41.36. It remains Neutral.

The long term Barometer added 1.82 to 50.00. It remains Neutral.

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

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