Pre-opening Comments for Wednesday March 25th
U.S. equity index futures were higher this morning. S&P 500 futures were up 40 points at 8:30 AM EST.
Index futures moved higher when crude oil prices moved lower in response to possible start of negotiations between the U.S. and Iran. WTI Crude Oil dropped $3.29 to $89.08 per barrel at 8:30 AM EST.
Gold jumped $163.60 to $4,565.60 per ounce in response to start of Iran/U.S. negotiations.
KB Homes (KBH) dropped $2.67 to $50.27 after reporting less than consensus fiscal first quarter earnings.
ARM Holdings (ARM) advanced $8.56 to $143.52 after targeting $15 billion in annual sales from its new chip.
EquityClock’s Market Outlook for March 25th
No derailment in the economy to suggest detouring from seasonal norms in pro-cyclical plays. See:
https://equityclock.com/2026/03/24/stock-market-outlook-for-march-25-2026/
Technical Notes
U.S. Telecommunications iShares (IYZ) moved above $40.44 to an all-time high extending an intermediate uptrend. Helped by strength in AT&T!
AT&T (T) an S&P 100 stock moved above $29.30 extending an intermediate uptrend.
Oil Services ETF (OIH) moved above $406.12 to an eight year high extending an intermediate uptrend.
Alphabet (GOOG) an S&P 100 stock moved below $293.93 completing a Head & Shoulders pattern. Editor’s Note: Late weakness was the main reason for the drops by SPY and QQQ!
Check Point (CHKP) a NASDAQ 100 stock moved below $150.17 extending an intermediate downtrend.
Atlassian (TEAM) a NASDAQ 100 stock moved below $67.85 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 24th 2026
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 24th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 24th 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Issues Continue to Flash Even with the Monday Recovery | Trading Places Live! March 24, 2026: Tom Bowley
Top Canadian Dividend Stocks (And the Ones I’d Avoid): ValueTrendCanada
Top Canadian Dividend Stocks (And the Ones I’d Avoid) – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.80 to 25.80. It remains Oversold.
The short term (20 days) Barometer added 1.80 to 19.80. It remains Oversold.
The long term Barometer added 0.02 to 49.20. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer added 0.45 to 35.48. It remains Oversold.
The short term (20 days) Barometer added 2.77 to 30.88. It remains Oversold.
The long term Barometer slipped 0.92 to 71.43. It remains Overbought.
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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Equity Clock Publications