Tech Talk for Friday March 14th 2025
Pre-opening Comments for Friday March 14th
U.S. equity index futures were higher this morning. S&P 500 futures were up 58 points at 8:30 AM EDT.
The U.S. Senate has a deadline of midnight tonight to pass a resolution to extend the debt ceiling. Failure to pass the resolution will shut down U.S. government services (other than essential services). Odds makers are giving passage by tonight a 50/50 chance.
Rubrik advanced $8.66 to $63.94 after reporting higher than consensus fourth quarter results.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0014-6.png "clip_image001[4]")
Ulta Beauty gained $31.92 to $336.39 after reporting higher than consensus fourth quarter results.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0024-6.png "clip_image002[4]")
Appliedoptoelectronics jumped $9.73 to $25.60 on news that Amazon has acquired 7.9 million warrants to purchase 7.9 million shares at $23.70 per share.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0034-6.png "clip_image003[4]")
O’Reilly added $13.51 to $1,303.00 after the company approved a 15 for one stock split.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0044-4.png "clip_image004[4]")
EquityClock’s Market Comment for March 14th
While headline risks remain high, the equity market has reached a zone where a snap-back has become highly likely. See:
https://equityclock.com/2025/03/13/stock-market-outlook-for-march-14-2025/
Technical Notes
Gold bullion ETN $GLD moved above $272.32 to an all-time high extending an intermediate uptrend. Responded to spot gold futures price moving above US$2,974.00 per ounce to an all-time high!
Gold Equity ETF $GDX moved above $42.66 extending an intermediate uptrend. Junior Gold Equity ETF $GDXJ moved above $54.18 to an all-time high extending an intermediate uptrend.
Agnico-Eagle $AEM a TSX 60 stock moved above US$101.02 to an all-time high extending an intermediate uptrend.
Franco-Nevada $FNV.TO a TSX 60 stock moved above Cdn$212.97 to an all-time high extending an intermediate uptrend.
Adobe $ADBE an S&P 100 stock moved below $403.75 extending an intermediate downtrend.
Bank of Nova Scotia $BNS.TO a TSX 60 stock moved below Cdn$68.00 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 13th 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 13th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 13th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Nontraditional ETFs: What to know
Nontraditional ETFs: What to know – YouTube
Summers on Recession Risks, Inflation, Trade War, Tariffs, Fed Outlook
Summers on Recession Risks, Inflation, Trade War, Tariffs, Fed Outlook – YouTube
Is It Finally Time To Buy The Mag7 Stocks? Guy Adami and Dan Nathan
Is It Finally Time To Buy The Mag7 Stocks? – YouTube
CHART THIS with David Keller, CMT Thursday 3/13/25
https://www.youtube.com/watch?v=wQQTHQhdfsY
How to Profit From Market Spreads | Navigating Seasonal Cycles, March 13, 2025
https://www.youtube.com/watch?v=KyRmn-lHHWw
S&P 500 Momentum Barometers
The intermediate Barometer dropped another 1.80 to 28.40. It remains Oversold. Daily downtrend was extended.
The long term Barometer dropped another 3.80 to 35.80. It remains Oversold, Daily downtrend was extended.
Short term (20 days) Barometer dropped another 1.00 to 19.00. It remains deeply Oversold. Daily downtrend was extended.
TSX Momentum Barometers
Intermediate term Barometer dropped 2.27 to 39.09. It changed from Neutral to Oversold on a move below 40.00.
Long term Barometer dropped 1.36 to 48.64. 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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March 14th, 2025 at 10:07 am
Steve Liesman on CNBC calls Trump’s tarff threats “absolutely insane” and prefaces that saying “at risk of losing my job”. What I detect is a whole lot of self-censorship in the business community in the Trump autocracy because if you don’t do what he wants or do something he doesn’t want you can lose your job, have bad things happen to your company or things can happen to your family. The short video is linked on the article below. That makes two very respected economists including Jeremy Siegal who have recently publicly called this out.
https://www.independent.co.uk/news/world/americas/us-politics/cnbc-trump-insane-tariff-threats-b2714101.html
March 14th, 2025 at 3:05 pm
From a few days ago:
OldTymer, speaking of having a special toast to Ron, here’s a suggestion for what can be in that glass:
https://www.ctvnews.ca/video/2025/03/12/ctv-national-news-moosehead-makes-waves-with-its-response-to-trumps-tariffs/
March 14th, 2025 at 3:35 pm
Larry,
I am trying to find a link on BNN Bloomberg and so far, have been unsuccessful re an interview with a FX expert who used the term “economically illiterate” to describe what the US admin is doing.
He thought that CAD (and the TSX) had stopped going down, for now, which might show that all the bad news is in and/or the market does not believe in the worst scenario…
Wish I could remember his name – might help with the search.
March 14th, 2025 at 4:23 pm
Paula that phrase comes up in many places. I think Jeremy Siegal’s take was dead on. You are going to destroy trillions in wealth Americans accumulated over the last ten years in the stock market to maybe bring a factory to Indiana to create what 300 or 500 jobs to produce something that you could have bought cheaper somewhere else if you didn’t have tariffs. The cost/benefit “doesn’t wash” and the jobs you are creating are more than going to be lost in another part of your economy. The people in Florida seeing their retirement savings evaporate are not going to be impressed.