{"id":184111,"date":"2025-03-04T19:35:54","date_gmt":"2025-03-05T00:35:54","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184111"},"modified":"2025-03-05T08:51:38","modified_gmt":"2025-03-05T13:51:38","slug":"tech-talk-for-wednesday-march-5th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/03\/04\/tech-talk-for-wednesday-march-5th-2025\/","title":{"rendered":"Tech Talk for Wednesday March 5th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday March 5th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning<\/b>. S&P 500 futures were unchanged at 8:30 AM EDT.<\/em><\/p>\n

CrowdStrike<\/b> dropped $33.76 to $356.40 after offering an outlook below consensus.<\/em><\/p>\n

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Enbridge<\/b> is expected to open higher after announcing plans for a Cdn$2.5 billion upgrade to its oil and gas distribution system.<\/em><\/p>\n

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Ross Stores<\/b> added $0.45 to $136.42 after increasing its dividend by 10%.<\/em><\/p>\n

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Palantir<\/b> advanced $2.30 to $86.37 after William Blair upgraded the stock<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for March 5th<\/sup><\/strong><\/font><\/em><\/p>\n

The new high engine in US stocks has been turned off, forcing traders to look elsewhere for strength. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/03\/04\/stock-market-outlook-for-march-5-2025\/<\/em><\/a><\/p>\n

Technical Notes<\/strong><\/font><\/p>\n

Key U.S. listed ETFs breaking intermediate technical support<\/b> included S&P 500 SPDRs (SPY) on a move below $575.35, Energy SPDRs (XLE) on a move below $86.83, Oil and Gas Exploration SPDRs (XOP) on a move below $122.51, Aerospace and Defense ETF (PPA) on a move below $113.31, Copper Miners ETF (COPX) on z move below $37.31, Retail SPDRs (XRT) on a move below $69.94 and Home Builders SPDRs (XHB) on a move below $97.14.<\/p>\n

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S&P 100 and NASDAQ 100 stocks breaking intermediate technical support<\/b> included Match, Marriott, Target, Dollar Tree, Schlumberger, American Express, BlackRock, Boeing, Deere, Emerson, Microsoft, Dow, Micron, KLA Corp, Bank of America, Royal Caribbean and CSX<\/p>\n

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TSX 60 stocks breaking intermediate technical support<\/b> included Imperial Oil, Nutrien, Teck, Magna International, CGI Group, Shopify and Brookfield.<\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for March 4th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for March 4th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font> <\/b><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for March 4th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Have We Reached Peak Market Uncertainty? Guy Adami and Dan Nathan<\/b><\/p>\n

Have We Reached Peak Market Uncertainty? \u2013 YouTube<\/a><\/p>\n

Trump tariffs sink stocks: The Investment Committee’s strategy<\/b><\/p>\n

(Includes Brian Belski comments (BMO)<\/b><\/p>\n

Trump tariffs sink stocks: The Investment Committee’s strategy \u2013 YouTube<\/a><\/p>\n

S&P 500 Selloff: Bearish Rotation & Key Downside Targets! David Keller<\/b><\/p>\n

S&P 500 Selloff: Bearish Rotation & Key Downside Targets! \u2013 YouTube<\/a><\/p>\n

Government shutdown looms over U.S. as budget crisis worsens: BNN<\/b><\/p>\n

Government shutdown looms over U.S. as budget crisis worsens \u2013 YouTube<\/a><\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Barometer dropped 6.60 to 41.60. It remains Neutral. Daily downtrend was extended<\/p>\n

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The long term Barometer dropped 6.80 to 50.40. It remains Neutral. Daily downtrend was extended.<\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

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The intermediate term Chart dropped 2.27 to 39.09. It changed from Neutral to Oversold on a drop below 40.00. Daily downtrend was extended.<\/p>\n

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The long term Barometer dropped 3.18 to 51.36. It remains Neutral. Daily downtrend was extended.<\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Wednesday March 5th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. CrowdStrike dropped $33.76 to $356.40 after offering an outlook below consensus. Enbridge is expected to open higher after announcing plans for a Cdn$2.5 billion upgrade to its oil and gas distribution system. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-184111","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=184111"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184111\/revisions"}],"predecessor-version":[{"id":184121,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184111\/revisions\/184121"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}