{"id":184531,"date":"2025-03-19T19:05:20","date_gmt":"2025-03-19T23:05:20","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=184531"},"modified":"2025-03-20T08:36:00","modified_gmt":"2025-03-20T12:36:00","slug":"tech-talk-for-thursday-march-20th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/03\/19\/tech-talk-for-thursday-march-20th-2025\/","title":{"rendered":"Tech Talk for Thursday March 20th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday March 20th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 24<\/em><\/a> points at 8:30 AM EDT.<\/em><\/p>\n

Microchip Technology<\/b> dropped $2.62 to $51.95 after offering depository shares valued at $1.35 billion.<\/em><\/p>\n

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Accenture <\/b>dropped $15.47 to $309.00 despite reporting higher than consensus fiscal second quarter results.<\/em><\/p>\n

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Darden Restaurants<\/b> dropped $0.65 to $187.50 after reporting less than consensus fiscal third quarter results.<\/em> <\/p>\n

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Freeport McMoran added $0.65 to $41.07 after JP Morgan upgraded the stock from Neutral to Buy.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for March 20th<\/sup><\/strong><\/font><\/em><\/p>\n

Consumers still unwilling to take on debt in this high cost of borrowing environment, but they are relying on the equity in their homes to stay afloat and bridge the gap in their finances. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/03\/19\/stock-market-outlook-for-march-20-2025\/<\/em><\/a><\/p>\n

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

Initial equity market response after 2:00 PM EDT to the FOMC decision to maintain the Fed Fund Rate<\/b> at 4.50% was encouraging<\/p>\n

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Turkey iShares<\/b> $TUR moved below intermediate support at $33.44 after its Istanbul mayor, a potential President candidate in the next election was arrested days before Presidential nominations.<\/p>\n

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Base Metal ETF<\/b> $XBM.TO moved above Cdn$20.80 and Cdn$20.96 setting an intermediate uptrend.<\/p>\n

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Chevron<\/b> $CVX a Dow Jones Industrial Average stock moved above $162.87 to a 30 month 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 20th<\/sup> 2025<\/p>\n

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

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

Source for all positive seasonality ratings: www.EquityClock.com<\/a><\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for March 20th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for March 20th<\/sup> 2025<\/p>\n

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

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

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

CHART THIS with David Keller, CMT Wednesday 3\/19\/25<\/b><\/p>\n

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

New SPX Correction Signal! How Long Will It Last? Joe Rabil<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=lu0nQGSKLdg<\/a><\/p>\n

Federal Reserve Chair Powell speaks after Fed kept interest rates steady \u2014 3\/19\/2025<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=TRUTia9JXe4<\/a><\/p>\n

U.S. fed leaves interest rate unchanged as it navigates tariff uncertainty<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=zpC4q0yZzDU<\/a><\/p>\n

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

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The intermediate term Barometer added 2.80 to 41.20. It changed from Oversold to Neutral on a recovery above 40.00. Daily uptrend was extended.<\/p>\n

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The long term Barometer added 2.40 to 46.40. It remains Neutral. Daily uptrend was extended.<\/p>\n

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

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The intermediate term Barometer added 5.00 to 56.82. It remains Neutral. Daily uptrend was extended.<\/p>\n

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The long term Barometer added 2.73 to 55.91. It remains Neutral. Daily uptrend was extended.<\/p>\n

Short term (20 days) Barometer jumped 11.36 to 64.09. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend 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 Thursday March 20th U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT. Microchip Technology dropped $2.62 to $51.95 after offering depository shares valued at $1.35 billion. Accenture dropped $15.47 to $309.00 despite reporting higher than consensus fiscal second quarter results. Darden Restaurants […]<\/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-184531","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184531","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=184531"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184531\/revisions"}],"predecessor-version":[{"id":184541,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/184531\/revisions\/184541"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=184531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=184531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=184531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}