{"id":193241,"date":"2026-03-05T19:30:24","date_gmt":"2026-03-06T00:30:24","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=193241"},"modified":"2026-03-06T08:49:06","modified_gmt":"2026-03-06T13:49:06","slug":"tech-talk-for-friday-march-6th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/03\/05\/tech-talk-for-friday-march-6th-2026\/","title":{"rendered":"Tech Talk for Friday March 6th 2026"},"content":{"rendered":"

Pre-opening Comments for Friday March 6th<\/sup> 2026<\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 50 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures dropped 14 points following release of February Employment Report<\/b> at 8:30 AM EST. February Non-farm Payrolls were expected to drop to 54,000 from 130,000 in January. Actual was a 92,000 loss. February Unemployment Rate was expected to slip to 4.3% from 4.4% in January. Actual was 4.4%. February Hourly Earnings were expected to increase 0.3% versus a 0.4% increase in January. Actual was 0.4%. On a year-over-year basis, February Hourly Earnings were expected to increase 3.7%. Actual was 3.8%.<\/em><\/p>\n

WTI Crude oil<\/b> gained another $4.57 to $85.60 per barrel.<\/em><\/p>\n

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

Gap Stores<\/b> (GAP) dropped $2.42 to 24.78 after reporting less than consensus fourth quarter results.<\/em><\/p>\n

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Costco<\/b> (COST) dropped $3.67 to $978.90 despite reporting higher than consensus fiscal second quarter revenues and earnings. <\/em><\/p>\n

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Marvell<\/b> (MRVL) advanced $11.16 to $86.84 after reporting higher than consensus fourth quarter results.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for March 6th<\/sup><\/strong><\/font><\/em><\/p>\n

A lot of peculiar moves during the Thursday session as defensive assets fell more than the market.  The reasoning all relates back to normal seasonal tendencies for March. See:<\/em><\/p>\n

https:\/\/equityclock.com\/2026\/03\/05\/stock-market-outlook-for-march-6-2026\/<\/em><\/a><\/p>\n

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

U.S. Crude Oil ETN<\/b> (USO) moved above $92.20 to a six year high resuming a long term uptrend.<\/p>\n

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Gasoline ETN<\/b> (UGA) moved above $80.29 to an all-time high extending an intermediate uptrend.<\/p>\n

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Global X Uranium ETF<\/b> (URA) moved below $49.11 completing a double top pattern.<\/p>\n

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Healthcare SPDRs<\/b> (XLV) moved below $153.29 completing a double top pattern.<\/p>\n

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Eli Lilly<\/b> (LLY) an S&P 100 stock moved below $1,004.15 and $975.49 completing a Head & Shoulders pattern.<\/p>\n

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Medtronic<\/b> (MDT) an S&P 100 stock moved below $95.17 completing a double top pattern.<\/p>\n

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GE Healthcare Technologies<\/b> (GEHC) an S&P 100 stock moved below $76.66 completing a double top pattern.<\/p>\n

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CF Industries<\/b> (CF) moved above $110.52 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 5th<\/sup> 2026<\/p>\n

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Green: Increase from previous day<\/font><\/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 5th<\/sup> 2026<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for March 5th<\/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

Headlines Hit the Market \u2014 But Buyers Keep Stepping In: Tom Bowley<\/b><\/p>\n

Headlines Hit the Market \u2014 But Buyers Keep Stepping In \u2013 YouTube<\/a><\/p>\n

Are Markets Finally Pricing In Conflict? Guy Adami, Dan Nathan and Liz Thomas<\/b><\/p>\n

Are Markets Finally Pricing In Conflict? \u2013 YouTube<\/a><\/p>\n

THE BULL TRAP: Why This Stock Market Bounce is a Massive Fakeout <\/b> Verified Investing<\/b><\/p>\n

THE BULL TRAP: Why This Stock Market Bounce is a Massive Fakeout \u2013 YouTube<\/a><\/p>\n

Why Oil Isn\u2019t $100 Yet | Strait of Hormuz Crisis: Ninepoint Partners<\/b><\/p>\n

Why Oil Isn\u2019t $100 Yet | Strait of Hormuz Crisis \u2013 YouTube<\/a><\/p>\n

$120 Oil Ahead? Goldman Sachs<\/b><\/p>\n

$120 Oil Ahead? \u2013 YouTube<\/a><\/p>\n

‘We would not be selling or panicking right here or now’: Market strategist<\/b><\/p>\n

‘We would not be selling or panicking right here or now’: Market strategist \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped another 5.60 to 52.80. It remains Neutral. Daily downtrend was extended.<\/p>\n

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The long term Barometer dropped another 2.40 to 60.40. It remains Overbought. Daily downtrend was extended.<\/p>\n

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

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The intermediate term Barometer dropped 3.69 to 67.28. It remains Overbought. Daily downtrend was set.<\/p>\n

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

The long term Barometer was unchanged at 78.34. It remains Overbought.<\/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 6th 2026 U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points at 8:35 AM EST. S&P 500 futures dropped 14 points following release of February Employment Report at 8:30 AM EST. February Non-farm Payrolls were expected to drop to 54,000 from 130,000 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-193241","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/193241","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=193241"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/193241\/revisions"}],"predecessor-version":[{"id":193251,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/193241\/revisions\/193251"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=193241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=193241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=193241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}