Pre-opening Comments for Friday March 21st
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points at 8:30 AM EDT.
FedEx dropped $10.71 to $235.50 after the company issued lower fiscal fourth quarter guidance.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0014-9.png "clip_image001[4]")
Nike dropped $5.09 to $66.77 after lowering fiscal fourth quarter guidance.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0024-10.png "clip_image002[4]")
Micron advanced $3.56 to $106.50 after reporting higher than consensus fiscal second quarter results.
Lennar dropped $3.92 to $116.15 after guiding lower.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0044-7.png "clip_image004[4]")
EquityClock’s Market Outlook for March 21st
US Industrial Production is showing the strongest start to the year in the past two decades, but tariff uncertainty has dampened manufacturer sentiment. See:
https://equityclock.com/2025/03/20/stock-market-outlook-for-march-21-2025/
Technical Notes
TC Energy $TRP a TSX 60 stock moved above Cdn$70.05 to an all-time high extending an intermediate uptrend.
Kinross Gold $KGC a TSX 60 stock moved above US$12.35 extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 20th 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 20th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 20th 2025
Green: Increase from previous day
Red: Decrease from previous day
Wolf on Bay Street
Don Vialoux is a guest on the weekly radio show offered at 7:00 PM EDT on Saturday. An outlook for equity markets is reviewed. Contact Radio 640
Links offered by valued providers
Fed Shakes Up Markets — How Will S&P 500 & Mag 7 React Now? Tom Bowley
Fed Shakes Up Markets — How Will S&P 500 & Mag 7 React Now? – YouTube
What The Fed Said: No Rush To Cut Rates: Guy Adami and Dan Nathan
What The Fed Said: No Rush To Cut Rates – YouTube
Q1 earnings season will be ‘massive wakeup call’ for markets, says investor Dan Niles
Q1 earnings season will be ‘massive wakeup call’ for markets, says investor Dan Niles – YouTube
The next important test for the markets will be earnings, says Charles Schwab’s Liz Ann Sonders
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 2.20 to 39.00. It changed from Neutral to Oversold on a drop below 40.00.
The long term Barometer slipped 1.20 to 45.20. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer slipped 1.38 to 55.45. It remains Neutral.
The long term Barometer added 0.45 to 56.36. It remains Neutral. Daily uptrend was extended.
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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March 21st, 2025 at 10:18 am
On the bright side the market seems to be putting in some bottoming action over the last six trading days. It seems that the idea now to not put any money to work until we see what comes out of the Trump Admin on April 2nd.