{"id":184230,"date":"2025-03-09T21:05:11","date_gmt":"2025-03-10T01:05:11","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184230"},"modified":"2025-03-10T08:59:58","modified_gmt":"2025-03-10T12:59:58","slug":"tech-talk-for-monday-march-10th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/03\/09\/tech-talk-for-monday-march-10th-2025\/","title":{"rendered":"Tech Talk for Monday March 10th 2025"},"content":{"rendered":"

Pre-opening Comments for Monday March 10th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 82 points at 8:30 AM EDT.<\/em><\/p>\n

China large cap iShares <\/b>dropped $0.63 to $36.33 on news that China\u2019s Consumer Price Index dropped 0.7% in February.<\/em><\/p>\n

\"clip_image001\"<\/em><\/a><\/p>\n

Cracker Barrel<\/b> added $0.51 to $43.33 after Truest upgraded the stock to Buy.<\/em><\/p>\n

\"clip_image002[1]\"<\/em><\/a><\/p>\n

Redfin<\/b> jumped $4.88 to $10.70 after Rocket Companies offered to buy the company for $12.50 per share. Value of the offer is $1.75 billion.<\/em><\/p>\n

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

Franco-Nevada<\/b> is expected to open higher after reporting higher than consensus fourth quarter earnings. <\/em><\/p>\n

\"clip_image004[1]\"<\/em><\/a><\/p>\n

EquityClock\u2019s Market Outlook for March 10th<\/sup><\/strong><\/font><\/em><\/p>\n

The S&P 500 Index closed the week below its 20-week moving average, a level that has not been definitively violated from a closing basis throughout the entire bull market trend that began in October of 2023. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/03\/08\/stock-market-outlook-for-march-10-2025\/<\/em><\/a><\/p>\n

Technical Scoop for March 10th<\/sup><\/font> from David Chapman and <\/font><\/strong><\/em>www.EnrichedInvesting.com<\/font><\/strong><\/em><\/a><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n

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

The Bottom Line<\/em><\/strong><\/font><\/p>\n

Seasonal weakness in U.S. equity markets continues:<\/b> Analysts continue to lower earnings estimates for large cap U.S. companies. A possible temporary shutdown of U.S. government finances looms prior to expiry of the debt ceiling on March 14th<\/sup>. Seasonal influences historically have bottomed in the second half of March. Technical signs of a bottom by major U.S. equity indices have yet to appear. Patience by traders will be rewarded. <\/p>\n

Equity markets outside of North American continue to impress<\/b>. Notable gains were recorded last week by China, Hong Kong, Emerging Market and European ETFs<\/p>\n

Consensus for Earnings and Revenues for S&P 500 companies<\/strong><\/font><\/p>\n

Source: www.factset.com<\/a><\/p>\n

Analyst estimates for earnings gains for 2025 were lowered again. <\/b>Consensus <\/b>for first quarter earnings calls for a 7.3 % increase on a year-over-year basis, down from a 7.6% increase last week. Consensus for first quarter revenues remained at a 4.3% increase. Consensus for second quarter earnings gains dropped to 9.7% from a 9.8% increase last week. Consensus for second quarter revenues remained at a 4.7% increase. Consensus for third quarter earnings dropped to a 12.1% increase, down from a 14.3% increase. Consensus for third quarter revenues growth slipped to 5.4% from a 5.5% increase last week. Fourth quarter earnings are expected to increase 11.6%. Fourth quarter revenues gains were unchanged at 6.1%.<\/p>\n

For all of 2025,<\/b> earnings are expected to increase 11.6%, down from a 12.1% increase last week. Revenue gains were lowered to 5.4% from 5.5% last week.<\/p>\n

Earnings gains are expected to accelerate into 2026<\/b>. Consensus calls for a 14.1% earnings increase, up from 14.0% last week Consensus for revenue gains remained at 6.5%.<\/p>\n

Economic News This Week<\/strong><\/font><\/p>\n

February U.S. Consumer Price Index<\/b> released at 8:30 AM EST on Wednesday is expected to increase 0.3% versus a 0.5% gain in January. Excluding food and energy, February CPI is expected to increase 0.3% versus a 0.4% gain in January.<\/p>\n

Bank of Canada Statement on Interest Rates<\/b> is released at 9:45 AM EST on Wednesday Press conference is offered at 10:30 AM EST. Consensus calls for a 0.25% drop in the Bank of Canada\u2019s lending rate to major Canadian banks. <\/p>\n

February Producer Price Index<\/b> released at 8:30 AM EST on Thursday is expected to increase 0.3% versus a 0.4% increase in January. Excluding food and energy, consensus calls for a 0.3% increase versus a 0.3% gain in January.<\/p>\n

Michigan Consumer Sentiment<\/b> is released at 10:00 AM EST on Friday<\/p>\n

Selected Earnings Reports This Week<\/strong><\/font><\/p>\n

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

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

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

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

Daily Seasonal\/Technical Equity Trends for March 7th<\/sup> 2025<\/p>\n

\"clip_image006\"<\/a><\/p>\n

Green: Increase from previous day<\/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 7th<\/sup> 2025<\/p>\n

\"clip_image008\"<\/a><\/b><\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for March 7th<\/sup> 2025<\/p>\n

\"clip_image010\"<\/a><\/p>\n

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

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

Changes last week<\/strong><\/font><\/p>\n

\"clip_image012\"<\/a><\/b><\/p>\n

<\/strong><\/p>\n

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

Bank SPDRs<\/b> $KBE moved below $53.06 completing a double top pattern. Leading the breakdown were Capital One<\/b> $COF on a move below $173.44 and Wells Fargo<\/b> $WFG on a move below $66.27<\/p>\n

\"clip_image013\"<\/a><\/p>\n

S&P\/TSX Global Gold iShares<\/b> $XGD.TO moved above $Cdn26.28 to an all-time high extending an intermediate uptrend. Led by American Barrick on a move above Cdn$26.83.<\/p>\n

\"clip_image014\"<\/a><\/p>\n

S&P 100 and NASDAQ 100 stocks<\/b> moving above resistance extending intermediate uptrends included McDonald\u2019s<\/b> $MCD on a move above 314.19 (All-time high), Check Point<\/b> $CHKP on a move above $226.02 (All-time high), Bristol Myers<\/b> $BMY on a move above $61.10, Colgate Palmolive<\/b> $CL on a move above $97.41 and Kraft Heinz<\/b> $KHC on a move above $31.80<\/p>\n

\"clip_image015\"<\/a><\/p>\n

\"clip_image016\"<\/a><\/p>\n

Amazon<\/b> $AMZN moved below intermediate support at $195.75 extending an intermediate downtrend.<\/p>\n

\"clip_image017\"<\/a><\/p>\n

BCE<\/b> $BCE.TO a TSX 60 stock moved above Cdn$35.90 completing a double bottom pattern.<\/p>\n

\"clip_image018\"<\/a><\/p>\n

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

Michael Campbell\u2019s Money Talks for March 8th<\/sup> <\/b><\/p>\n

(Includes a comment from Mark Leibovit)<\/b><\/p>\n

Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

Will This Selling Accelerate? 3 Key Charts to Watch! Tom Bowley<\/b><\/p>\n

Will This Selling Accelerate? 3 Key Charts to Watch! \u2013 YouTube<\/a><\/p>\n

Sector Rotation Warning: More Downside Ahead for US Markets?<\/b><\/p>\n

Sector Rotation Warning: More Downside Ahead for US Markets? \u2013 YouTube<\/a><\/p>\n

US Crypto Reserve: Mark Leibovit<\/b><\/p>\n

US \u201cCrypto-Reserve\u201d  \u2013 HoweStreet<\/a><\/p>\n

Long-term investing with gold: Bryden Tiech<\/b><\/p>\n

Long-term investing with gold \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Friday 3\/7\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=k4aJyDa-kUA<\/a><\/p>\n

Stock Market WARNING: More Volatility Ahead? Keith Richards<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=68iyVPHR8no<\/a><\/p>\n

Weekly Update with Larry Berman – March 8th, 2025<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Ca64KLq1ZFM<\/a><\/p>\n

Oil Tariffs, Market Volatility & Energy Stock Opportunities | Eric Nuttall<\/b><\/p>\n

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

Will Gold Hold Value if Markets Crash? Bob Hoye<\/b><\/p>\n

Will Gold Hold Value if Markets Crash? \u2013 HoweStreet<\/a><\/p>\n

Trading Desk Notes for March 8, 2025: Victor Adair<\/b><\/p>\n

Trading Desk Notes for March 8, 2025 \u2013 HoweStreet<\/a><\/p>\n

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

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer added 5.00 on Friday, but dropped 7.80 last week to 47.40. It remains Neutral.<\/p>\n

\"clip_image020\"<\/a><\/p>\n

The long term Barometer added 2.80 on Friday, but dropped 7.60 last week to 52.40. It remains Neutral.<\/p>\n

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

\"clip_image021\"<\/a><\/p>\n

The intermediate term Barometer added 3.64 on Friday, but dropped 2.28 last week to 45.45. It remains Neutral.<\/p>\n

\"clip_image022\"<\/a><\/p>\n

The long term Barometer added 3.64 on Friday, but dropped 4.09 last week to 54.55. 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 Monday March 10th U.S. equity index futures were lower this morning. S&P 500 futures were down 82 points at 8:30 AM EDT. China large cap iShares dropped $0.63 to $36.33 on news that China\u2019s Consumer Price Index dropped 0.7% in February. Cracker Barrel added $0.51 to $43.33 after Truest upgraded the stock […]<\/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-184230","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184230","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=184230"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184230\/revisions"}],"predecessor-version":[{"id":184240,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184230\/revisions\/184240"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}