U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 9 points at 8:35 AM EDT<\/em><\/p>\n The Canadian Dollar was unchanged at US 73.71 following release of Canada\u2019s January Retail Sales report at 8:30 AM EDT.<\/b> Consensus called for a drop of 0.4% versus a gain of 0.9% in December. Actual was a drop of 0.3%.<\/em><\/p>\n Lululemon <\/b>dropped $42.34 to $436.50 after forecasting lower than consensus fiscal first quarter revenues. <\/em><\/p>\n FedEx<\/b> gained $29.57 to $294.42 after reporting higher than consensus fiscal third quarter earnings. In addition, the company announced a $5 billion share repurchase program. <\/em><\/p>\n Nike<\/b> dropped $5.71 to $95.11 after offering guidance below consensus.<\/em><\/p>\n Tesla <\/b>dropped $5.82 to $167.00 after announcing a reduction of scheduled car production in China.<\/em><\/p>\n Technical Notes<\/strong><\/font><\/p>\n U.S. financial stocks<\/b> led the list of upside intermediate breakouts yesterday. They included Bank of America above $36.96, Bank of New York Mellon above $56.42, Goldman Sachs above $397.52, Morgan Stanley above $93.24 and Charles Schwab above $71.11.<\/p>\n Canadian Banks <\/b>also were notably higher. Royal Bank moved above Cdn$136.66 to an all-time high extending an intermediate uptrend. <\/p>\n General Motors<\/b> $GM an S&P 100 stock moved above $43.04 extending an intermediate uptrend. <\/p>\n Canadian National Railway<\/b> $CNR.TO a TSX 60 stock moved above Cdn$177.52 to an all-time high extending an intermediate uptrend. <\/p>\n Couche Tard<\/b> $ATD.TO a TSX 60 stock moved below support at Cdn$78.56.<\/p>\n <\/p>\n Trader\u2019s Corner<\/strong><\/font><\/p>\n <\/font><\/strong><\/p>\n Equity Indices and Related ETFs<\/strong><\/font><\/p>\n Daily Seasonal\/Technical Equity Trends for March 21st<\/sup> 2024<\/p>\n Green: Increase from previous day<\/font><\/em><\/p>\n Red: Decrease from previous day<\/em><\/p>\n Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n <\/p>\n Commodities<\/strong><\/font><\/p>\n Daily Seasonal\/Technical Commodities Trends for March 21st<\/sup> 2024<\/p>\n Green: Increase from previous day<\/font><\/em><\/p>\n Red: Decrease from previous day<\/font><\/em><\/p>\n <\/p>\n Sectors <\/strong><\/font><\/p>\n Daily Seasonal\/Technical Sector Trends for March 21st<\/sup> 2024<\/p>\n Green: Increase from previous day<\/font><\/em><\/p>\n Red: Decrease from previous day<\/em><\/p>\n <\/em><\/p>\n Links offered by valued providers<\/strong><\/font><\/p>\n Stocks SOAR on FED News: Tom Bowley<\/b><\/p>\n https:\/\/www.youtube.com\/watch?v=R72CFjS27ZE&t=168s<\/a><\/p>\n <\/p>\n The Top Candlestick Pattern For Entries: Joe Rabil<\/b><\/p>\n https:\/\/www.youtube.com\/watch?v=ndi5838I15g&t=136s<\/a><\/p>\n <\/p>\n S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n The intermediate term Barometer added 2.00 to 80.80. It remains Overbought.<\/p>\n The long term Barometer added 0.60 to 82.20. It remains Overbought.<\/p>\n <\/p>\n TSX Momentum Barometers<\/strong><\/font><\/p>\n The intermediate term Barometer added 0.77 to 73.21. It remains Overbought.<\/p>\n The long term Barometer added 0.32 to 70.98. It remains Overbought.<\/p>\n <\/p>\n![\"clip_image001[1]\"](\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2024\/03\/clip_image0011-9.png\" "\\"clip_image001[1]\\"")
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