{"id":184150,"date":"2025-03-05T22:35:12","date_gmt":"2025-03-06T03:35:12","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184150"},"modified":"2025-03-06T09:01:09","modified_gmt":"2025-03-06T14:01:09","slug":"tech-talk-for-thursday-march-6th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/03\/05\/tech-talk-for-thursday-march-6th-2025\/","title":{"rendered":"Tech Talk for Thursday March 6th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday March 6th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 70 points at 8:30 AM EST. <\/em><\/p>\n

European Central Bank lowered its lending rate to major banks<\/b> by 0.25%.<\/em><\/p>\n

Zscaler <\/b>advanced $9.84 to $206.29 after offering guidance above consensus.<\/em><\/p>\n

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Marvel Technology<\/b> dropped $13.45 to $76.69 after offering guidance below consensus<\/em><\/p>\n

\"clip_image002\"<\/a><\/p>\n

MongoDB<\/b> dropped $44.13 to $220.30 after offering guidance below consensus.<\/em><\/p>\n

\"clip_image003\"<\/em><\/a><\/p>\n

Macy\u2019s<\/b> dropped $0.42 to $12.89 after reporting less than consensus fourth quarter revenues. The company also offered guidance below consensus.<\/em><\/p>\n

\"clip_image004\"<\/a><\/p>\n

EquityClock\u2019s Market Outlook for March 6th<\/sup><\/strong><\/font><\/em><\/p>\n

US Dollar Index rolling over into its period of seasonal weakness rather abruptly, alleviating a headwind that has worked against risk assets over the past few months. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/03\/05\/stock-market-outlook-for-march-6-2025\/<\/em><\/a><\/p>\n

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

Hong Kong iShares<\/b> $EWH moved above $18.05 extending an intermediate uptrend. <\/p>\n

\"image\"<\/a><\/p>\n

EAFE iShares<\/b> $EFA moved above $83.42 to an all-time high extending an intermediate uptrend. <\/p>\n

\"image\"<\/a><\/p>\n

First Trust Natural Gas ETF<\/b> $FCG moved below $22.34 extending an intermediate downtrend. Responded to lower crude oil prices! Head & Shoulders pattern?<\/p>\n

\"image\"<\/a><\/p>\n

Exxon Mobil<\/b> $XOM an S&P 100 stock moved below $103.91 extending an intermediate downtrend. Head & Shoulders pattern?<\/p>\n

\"image\"<\/a><\/p>\n

Canadian energy stocks also responded to lower crude oil prices. Suncor<\/b> $SU.TO a TSX 60 stock moved below $48.75 extending an intermediate downtrend.<\/p>\n

\"image\"<\/a><\/p>\n

Vertex <\/b>$VRTX a NASDAQ 100 stock moved above $491.80 extending an intermediate uptrend. <\/p>\n

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

\"traders<\/a><\/font><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for March 5th<\/sup> 2025<\/p>\n

\"spx<\/a><\/p>\n

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 5th<\/sup> 2025<\/p>\n

\"crb<\/a><\/p>\n

<\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for March 5th<\/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

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

Tariff Turmoil & Tomorrow’s Tech Titans with Ann Bordetsky: Guy Adami, Dan Nathan<\/b><\/p>\n

Tariff Turmoil & Tomorrow’s Tech Titans with Ann Bordetsky \u2013 YouTube<\/a><\/p>\n

U.S. oil tariffs likely to be absorbed by U.S. consumers: Eric Nuttall<\/b><\/p>\n

U.S. oil tariffs likely to be absorbed by U.S. consumers \u2013 YouTube<\/a><\/p>\n

Market gearing toward selling rally: strategist<\/b><\/p>\n

Market gearing toward selling rally: strategist \u2013 YouTube<\/a><\/p>\n

Tariffs are biggest wildcard for growth: Strategist<\/b><\/p>\n

Tariffs are biggest wildcard for growth: Strategist \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=ZTAP2RkR0zU<\/a><\/p>\n

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

The intermediate term Barometer added 4.00 to 45.60. It remains Neutral.<\/p>\n

\"image\"<\/a><\/p>\n

The long term Barometer added 2.80 to 53.00. It remains Neutral.<\/p>\n

\"image\"<\/a><\/p>\n

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

The intermediate term Barometer added 5.45 to 44.55. It recovered to Neutral from Oversold on a move above 40.00.<\/p>\n

\"image\"<\/a><\/p>\n

The long term Barometer added 3.18 to 54.55. It remains Neutral.<\/p>\n

\"image\"<\/a><\/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 Thursday March 6th U.S. equity index futures were lower this morning. S&P 500 futures were down 70 points at 8:30 AM EST. European Central Bank lowered its lending rate to major banks by 0.25%. Zscaler advanced $9.84 to $206.29 after offering guidance above consensus. Marvel Technology dropped $13.45 to $76.69 after offering […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-184150","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184150","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=184150"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184150\/revisions"}],"predecessor-version":[{"id":184160,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184150\/revisions\/184160"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}