{"id":184461,"date":"2025-03-17T22:36:48","date_gmt":"2025-03-18T02:36:48","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184461"},"modified":"2025-03-18T09:03:41","modified_gmt":"2025-03-18T13:03:41","slug":"tech-talk-for-tuesday-march-18th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/03\/17\/tech-talk-for-tuesday-march-18th-2025\/","title":{"rendered":"Tech Talk for Tuesday March 18th 2025"},"content":{"rendered":"

Pre-opening Comments for Tuesday March 18th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 13 points at 8:35 AM EDT.<\/em><\/p>\n

S&P 500 futures were unchanged following release of the U.S. February Housing Starts report<\/b> at 8:30 AM EDT. Consensus called for an increase to 1.380 million units from 1.366 million units in January. Actual was an increase to 1.500 million units.<\/em><\/p>\n

The Canadian Dollar added 0.05 to U.S. 70.04 cents following release of Canada\u2019s February Consumer Price Index<\/b> at 8:30 AM EDT. Consensus called for a 0.6% increase versus a 0.1% increase in January. Actual was a 1.1% increase. On a year-over-year basis, consensus called for a 2.1% increase versus a 1.9% increase in January. Actual was a 2.6% increase.<\/em><\/p>\n

Corning <\/b>added $2.14 to $49.00 after offering positive guidance. <\/em><\/p>\n

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Crude oil<\/b> gained $0.84 to $68.43 after Middle East tensions escalated.<\/em><\/p>\n

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Tesla<\/b> dropped $6.26 to $231.75 after BYD announced a new faster charging system for its cars.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for March 18th<\/sup><\/strong><\/font><\/em><\/p>\n

Mean reversion in the market into the end of the quarter has materialized on cue, but some important levels warrant scrutiny ahead as the recovery from oversold lows plays out. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/03\/17\/stock-market-outlook-for-march-18-2025\/<\/em><\/a><\/p>\n

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

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

Gold Miners<\/b> ETF $GDX moved above $43.71 to a 12 year high extending an intermediate uptrend. Seasonal influences are favourable to April 9th<\/sup>. See:<\/p>\n

https:\/\/charts.equityclock.com\/vaneck-vectors-gold-miners-etf-nysegdx-seasonal-chart<\/a><\/p>\n

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Platinum ETN<\/b> $PPLT moved above $91.50 extending an intermediate uptrend. <\/p>\n

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South Africa iShares<\/b> $EZA moved above $47.05 and $47.24 extending an intermediate uptrend. Sensitive to gold! Seasonal influences are favourable until April 21st<\/sup>. See:<\/p>\n

https:\/\/charts.equityclock.com\/ishares-msci-south-africa-etf-nyseeza-seasonal-chart<\/a><\/p>\n

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

Global Base Metals iShares<\/b> $PICK moved above $37.90 extending an intermediate uptrend.<\/p>\n

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A major reason for strength in PICK was a strong move by VALE,<\/b> one of the largest base metal producers in the world on a trade above $9.89.<\/p>\n

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China A shares Fund trading in U.S. dollars<\/b> $CAF moved above$13.45 extending an intermediate uptrend. <\/p>\n

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Emerging Markets ETF<\/b> ZEM.TO moved above Cdn$22.81 to a four year high extending an intermediate uptrend. <\/p>\n

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Brazil iShares<\/b> $EWZ moved above $26.55 setting 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 17th<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/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 17th<\/sup> 2025<\/p>\n

\"clip_image014\"<\/a><\/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 17th<\/sup> 2025<\/p>\n

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

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

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

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

Will Markets Rebound from Recent Lows? Guy Adami and Dan Nathan<\/b><\/p>\n

Will Markets Rebound from Recent Lows? \u2013 YouTube<\/a><\/p>\n

Market is showing signs of a bottoming process, strategist says<\/b><\/p>\n

Market is showing signs of a bottoming process, strategist says \u2013 YouTube<\/a><\/p>\n

There is more room to run with gold, depending on the Fed, strategist says<\/b><\/p>\n

There is more room to run with gold, depending on the Fed, strategist says \u2013 YouTube<\/a><\/p>\n

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

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

The intermediate term Barometer added 5.60 to 39.80. It remains Oversold. <\/p>\n

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

The long term Barometer added 5.00 to 45.60. It remains Neutral<\/p>\n

The short term (20 days) Barometer jumped 14.20 to 43.20. It changed from Oversold to Neutral. Since Friday, the Barometer has advanced 24.20, a clear technical sign of a short term bottom.<\/p>\n

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

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

The intermediate term Barometer jumped 5.91 to 50.91. It remains Neutral.<\/p>\n

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

The long term Barometer added 2.73 to 55.00. It remains Neutral.<\/p>\n

The short term (20 days) Barometer jumped 13.18 to 55.91. 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 Tuesday March 18th U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points at 8:35 AM EDT. S&P 500 futures were unchanged following release of the U.S. February Housing Starts report at 8:30 AM EDT. Consensus called for an increase to 1.380 million units from 1.366 million […]<\/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-184461","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184461","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=184461"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184461\/revisions"}],"predecessor-version":[{"id":184469,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184461\/revisions\/184469"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}