Pre-opening Comments for Wednesday March 26th
U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points at 8:35 AM EDT.
S&P 500 futures were unchanged following release of February Durable Goods Orders at 8:30 AM EDT. Consensus called for a 1.0% drop versus a 3.1% gain in January. Actual was a 0.9% gain.
GameStop advanced $1.59 to $26.98 after the company confirmed plans to invest in Bitcoin.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0014-11.png "clip_image001[4]")
General Dynamics is expected to open higher after the company won a $1.07 billion contract extension from the U.S. Navy.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0024-12.png "clip_image002[4]")
Chewy advanced $0.89 to $34.50 after reporting higher than consensus fourth quarter earnings.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0034-9.png "clip_image003[4]")
Worthington Industries gained $1.07 to $42.70 after reporting higher than consensus earnings.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0044-9.png "clip_image004[4]")
EquityClock’s Market Outlook for March 26th
The supply of new homes is surging and this threatens the growth of home prices that Americans have benefited from since the onset of the pandemic. See:
https://equityclock.com/2025/03/25/stock-market-outlook-for-march-26-2025/
Technical Notes
General Electric $GE an S&P 100 stock moved above $211.80 to an all-time high extending an intermediate uptrend.
Regeneron Pharma $REGN a NASDAQ 100 stock moved below $640.35 extending an intermediate downtrend.
Power Corp $POW.TO a TSX 60 stock moved above Cdn$50.78 to an all-time high extending an intermediate uptrend.
Sun Life Financial $SLF.TO a TSX 60 stock moved above $82.38 resuming an intermediate uptrend.
Loblaw Companies $L.TO a TSX 60 stock moved above Cdn$195.95 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 25th 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 25th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 25th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by Valued Providers
Key Levels for AAPL, AMZN, NVDA — Will This Market Rally Hold? David Keller
Key Levels for AAPL, AMZN, NVDA — Will This Market Rally Hold? – YouTube
Gene Munster: The Fateful Eight & Elon’s Faithful Base: Dan Nathan and Gene Munster
Gene Munster: The Fateful Eight & Elon’s Faithful Base – YouTube
The markets will get a lot more noise from April tariffs, says Ed Yardeni
The markets will get a lot more noise from April tariffs, says Ed Yardeni – YouTube
Dan Ives: April 2nd tariffs feels like they are ‘essentially off’
Dan Ives: April 2nd tariffs feels like they are ‘essentially off’ – YouTube
CHART THIS with David Keller, CMT Tuesday 3/25/25
https://www.youtube.com/watch?v=aY5pEN6gH0g
S&P 500 Momentum Barometers
The intermediate term Barometer added 1.20 to 41.80. It remains Neutral.
The long term Barometer slipped 0.20 to 49.40. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer slipped 1.36 to 59.09. It changed from Overbought to Neutral on a slip below 60.00.
The long term Barometer added 0.91 to 58.64. It remains Neutral. Daily uptrend was extended.
The short term (20 days) Barometer added 1.38 to 73.18. It remains Overbought. 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 26th, 2025 at 7:19 am
Gold and Gold Miners – I’m one of those investors who many years ago got burned and therefore will have an unconscious negative bias. Gold has done very well recently no matter if the market was up or down and particularly well in the downturn this month. Gold and gold miners continue to make new highs. Central banks have been buying gold and selling USD for some time. At Barometer who I follow their client portfolios are 15% gold and miners. Consumer sentiment and business sentiment data in the US is absolutely terrible. If Trump does not back off in a major way on tariffs this market is in for a really rough ride going out to the end of this year. Weighing all that gold seems to be the best thing out there as a safe haven.
March 26th, 2025 at 1:02 pm
Hi Larry,
Im on the same boat as you, and sometimes its not just gold that where you re on the wrong side of the trade. What i for one have stoped trying to find thw money maker of the lot. A few years ago i choose to invest in aem and anotjer name made +20% on aem and the other trade barely made money. Having bought gdx would havw made 13% so chosing wisely is a guess.