{"id":184189,"date":"2025-03-06T19:03:23","date_gmt":"2025-03-07T00:03:23","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184189"},"modified":"2025-03-07T08:56:16","modified_gmt":"2025-03-07T13:56:16","slug":"tech-talk-for-friday-march-7th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/03\/06\/tech-talk-for-friday-march-7th-2025\/","title":{"rendered":"Tech Talk for Friday March 7th 2025"},"content":{"rendered":"

Pre-opening Comments for Friday March 7th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 11 points at 8:35 AM EST.<\/em><\/p>\n

Index futures added 11 points following release of February Non-farm Payrolls<\/b> at 8:30 AM EST.<\/b> Consensus was an increase to 170,000 from 143,000 in January. Actual was 151,000. February Unemployment Rate <\/b>was expected to remain unchanged from January at 4.0%. <\/b>Actual was an increase to 4.1%. February Average Hourly Earnings<\/b> were expected to increase 0.3% versus a 0.5% gain in January. Actual was a 0.3% gain.<\/em><\/p>\n

The Canadian Dollar was unchanged at U.S. 69.75 cents following release of Canada\u2019s February Employment Report<\/b> at 8:30 AM EST. Consensus was a 20,000 employment increase. Actual was a 1,100 increase Consensus was no change in the unemployment rate at 6.7%. Actual was drop to 6.6%<\/em><\/p>\n

Walgreens Boots<\/b> advanced $0.39 to $11.19 after the company announced plans to privatize the company at $11.45 cash per share. Value of the plan is $24 billion.<\/em><\/p>\n

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Gap Stores<\/b> added $2.58 to $22.06 after the company reported higher than consensus fourth quarter revenues. The company also offered positive guidance.<\/em><\/p>\n

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Broadcom<\/b> advanced $12.55 to $192.00 after reporting higher than consensus fourth quarter results.<\/em><\/p>\n

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EquityClock\u2019s Market Comment for March 7th<\/sup><\/strong><\/font><\/em><\/p>\n

The colder than average winter weather presents a wildcard in the payroll results, but we know that it has been a positive influence for the price of natural gas, which is entering its period of seasonal strength. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/03\/06\/stock-market-outlook-for-march-7-2025\/<\/em><\/a><\/p>\n

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

China Large Cap iShares<\/b> $FXI moved above $36.95 to a 42 month high extending an intermediate uptrend.<\/p>\n

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S&P 500 Index<\/b> briefly broke below its 200 day moving average at 5,730.75.<\/p>\n

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S&P 100 and NASDAQ 100 stocks<\/b> moving below support setting intermediate downtrends included Walt Disney<\/b> $DIS on a move below $107.69 and $106.19 (completing a Head & Shoulders pattern), Oracle<\/b> $ORCL on a move below $152.42 (completing a double top pattern), MongoDB <\/b>$MDB <\/b>on a move below $214.74 (after reporting disappointing quarterly results) ADP <\/b>on a move below $300.00, Accenture<\/b> $ACN on a move below $340.13 and CDW<\/b> $CDW on a move below $167.87<\/p>\n

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Gasoline ETN<\/b> $UGA moved below $58.74 extending an intermediate downtrend<\/p>\n

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Commerce Bank<\/b> $CM.TO a TSX 60 stock moved below Cdn$81.26 extending an intermediate downtrend.<\/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 6th<\/sup> 2025<\/p>\n

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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

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

Daily Seasonal\/Technical Commodities Trends for March 6th<\/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

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

Daily Seasonal\/Technical Sector Trends for March 6th<\/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

The biggest misstep Trump made with tariffs: Rosenberg<\/b><\/p>\n

The biggest misstep Trump made with tariffs: Rosenberg \u2013 YouTube<\/a><\/p>\n

Bank of Canada likely to cut in March and April: strategist<\/b><\/p>\n

Bank of Canada likely to cut in March and April: strategist \u2013 YouTube<\/a><\/p>\n

The Return of Danny Moses, Market Volatility & Dot Com Bubble Parallels<\/b><\/p>\n

The Return of Danny Moses, Market Volatility & Dot Com Bubble Parallels \u2013 YouTube<\/a><\/p>\n

Investing narrative has ‘definitely’ changed, says Morgan Stanley’s Aaron Dunn<\/b><\/p>\n

Investing narrative has ‘definitely’ changed, says Morgan Stanley’s Aaron Dunn \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 3.20 to 42.40. It remains Neutral.<\/p>\n

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The long term Barometer dropped 3.40 to a 17 month low at 49.60. It remains Neutral. Daily downtrend was extended.<\/p>\n

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

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The intermediate term Barometer dropped 2.73 to 41.82. It remains Neutral<\/p>\n

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The long term Barometer dropped 3.64 to a 16 month low at 50.91. It remains Neutral.<\/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 Friday March 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points at 8:35 AM EST. Index futures added 11 points following release of February Non-farm Payrolls at 8:30 AM EST. Consensus was an increase to 170,000 from 143,000 in January. Actual was 151,000. February Unemployment […]<\/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-184189","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184189","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=184189"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184189\/revisions"}],"predecessor-version":[{"id":184197,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184189\/revisions\/184197"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}