{"id":184313,"date":"2025-03-11T19:56:27","date_gmt":"2025-03-11T23:56:27","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184313"},"modified":"2025-03-12T08:49:31","modified_gmt":"2025-03-12T12:49:31","slug":"tech-talk-for-wednesday-march-12th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/03\/11\/tech-talk-for-wednesday-march-12th-2025\/","title":{"rendered":"Tech Talk for Wednesday March 12th 2025"},"content":{"rendered":"

Pre-opening Comments for Wednesday March 12th<\/sup><\/strong><\/font><\/em><\/p>\n

<\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 66 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures added 22 points following release of the February U.S. Consumer Price Index<\/b> at 8:30 AM EDT<\/b>. Consensus was a 0.3% increase versus a 0.5% gain in January. Actual was a 0.2% gain. Excluding food and energy, February CPI was expected to increase 0.3% versus a 0.4% gain in January. Actual was a 0.2% gain.<\/em><\/p>\n

The House of Representatives passed extension of a debt ceiling bill<\/b> expected to expire on March 14th<\/sup>. The bill extends government funding until September 30th<\/sup>.<\/em><\/p>\n

Bank of Canada<\/b> is expected to lower its lending rate to major banks at 9:45 AM EDT from 3.00% to 2.75%. Conference call is scheduled at 10:30 AM EDT.<\/em><\/p>\n

Groupon<\/b> added $0.48 to $10.25 after reporting higher than consensus fourth quarter revenues.<\/em><\/p>\n

\"clip_image001[4]\"<\/em><\/a><\/p>\n

Casey Stores<\/b> advanced $10.29 to $389.00 after reporting higher than consensus third quarter results<\/em><\/p>\n

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Toll Brothers<\/b> added $0.17 to $107.00 after increasing its quarterly dividend by 9%.<\/em><\/p>\n

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EquityClock\u2019s Market Comment for March 12th<\/sup><\/strong><\/font><\/em><\/p>\n

Some of the broader benchmarks of the equity market are breaking below the lower limit of significant topping patterns, presenting downside risks back to the lows charted last August. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/03\/11\/stock-market-outlook-for-march-12-2025\/<\/em><\/a><\/p>\n

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

TSX Composite Index<\/b> moved below 24,250.02 set on December 20th<\/sup> extending an intermediate downtrend.<\/p>\n

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S&P 500 Equal Weight ETF<\/b> $RSP moved below $172.38 completing a double top pattern.<\/p>\n

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Industrial SPDRs<\/b> $XLI moved below $130.45 completing a double top pattern.<\/p>\n

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S&P Retail SPDRs<\/b> $XRT moved below $69.94 and $69.27 extending an intermediate downtrend.<\/p>\n

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Aerospace & Defense ETF<\/b> $PPA moved below $113.31 completing a double top pattern.<\/p>\n

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Apple <\/b>$AAPL a Dow Jones Industrial Average stock moved below $219.14 completing a Head & Shoulders pattern.<\/p>\n

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Agnico-Eagle<\/b> $AEM.TO a TSX 60 stock moved above Cdn$144.22 to an all-time high extending an intermediate uptrend.<\/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 11th<\/sup> 2025<\/p>\n

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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 11th<\/sup> 2025<\/p>\n

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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 11th<\/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

Chart Master: Technical take on market pullback: Carter Worth<\/b><\/p>\n

Chart Master: Technical take on market pullback \u2013 YouTube<\/a><\/p>\n

Fundstrat’s Tom Lee: Yesterday’s selloff was an ‘overreaction’<\/b><\/p>\n

Fundstrat’s Tom Lee: Yesterday’s selloff was an ‘overreaction’ \u2013 YouTube<\/a><\/p>\n

Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties<\/b><\/p>\n

Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties \u2013 YouTube<\/a><\/p>\n

‘We will not back down, we will be relentless’: Ontario premier slams Trump tariffs<\/b><\/p>\n

‘We will not back down, we will be relentless’: Ontario premier slams Trump tariffs \u2013 YouTube<\/a><\/p>\n

Market Call: Eric Nuttall’s market outlook on energy stocks<\/b><\/p>\n

Market Call: Eric Nuttall’s market outlook on energy stocks \u2013 YouTube<\/a><\/p>\n

Katie Stockton on SPX Support, Dip-Buying & Current Bull Run<\/b><\/p>\n

Katie Stockton on SPX Support, Dip-Buying & Current Bull Run \u2013 YouTube<\/a><\/p>\n

CHART THIS with David Keller, CMT Tuesday 3\/11\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Y0LEGc_B9E4<\/a><\/p>\n

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

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

The intermediate term Barometer plunged 9.60 to 33.60. It changed from Neutral to Oversold on a drop below 40.00. Daily downtrend was extended.<\/p>\n

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

The long term Barometer plunged 5.00 to 41.80. It remains Neutral. Daily downtrend was extended.<\/p>\n

The short term (20 day) Barometer plunged 13.00 to 27.80. It changed from Neutral to Oversold, on a move below 40.00. Daily downtrend was extended.<\/p>\n

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

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The intermediate term Barometer added 2.27 to 40.45. It returned to Neutral from Oversold on a recovery above 40.00.<\/p>\n

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

The long term Barometer dropped 0.91 to 48.18. It remains Neutral. Daily downtrend was extended.<\/p>\n

Short term (20 day) Barometer dropped 1.36 to 29.55. It remains Oversold. 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 12th U.S. equity index futures were higher this morning. S&P 500 futures were up 66 points at 8:35 AM EST. S&P 500 futures added 22 points following release of the February U.S. Consumer Price Index at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.5% gain in January. […]<\/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-184313","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184313","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=184313"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184313\/revisions"}],"predecessor-version":[{"id":184321,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184313\/revisions\/184321"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}