Tech Talk for Thursday March 13th 2025
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:30 AM EDT.
S&P 500 futures were unchanged following release of the February U.S. Producer Price Index at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.4% increase in January. Actual was unchanged. Excluding food and energy, consensus was a 0.3% increase versus a 0.3% increase in January. Actual was a 0.1% drop.
Intel gained $2.47 to $23.15 after announcing selection of a new Chief Executive Officer.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0014-5.png "clip_image001[4]")
UIPath dropped $2.18 to $9.65 after offering lower than consensus revenue guidance.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0024-5.png "clip_image002[4]")
American Eagle Outfitters dropped $0.55 to $10.90 after announcing lower fourth quarter revenues. The company also offered first quarter guidance below consensus.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0034-5.png "clip_image003[4]")
Adobe dropped $5.10 to $433.75 despite reporting higher than consensus fiscal first quarter results.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0044-3.png "clip_image004[4]")
EquityClock's Market Outlook for March 13th
Selling exhaustion in the Technology sector becoming evident as end-of-quarter mean reversion starts to take hold. See:
https://equityclock.com/2025/03/12/stock-market-outlook-for-march-13-2025/
Technical Notes
Silver ETN $SLV moved above $30.77 setting an intermediate uptrend
Silver Equity ETF $SIL moved above $38.34 setting an intermediate uptrend.
Old Dominion Freight Line $ODFL a NASDAQ 100 stock moved below $164.81 extending an intermediate downtrend.
Texas Instruments $TXN an S&P 100 stock moved below $176.76 extending an intermediate downtrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 12th 2025
Green: Increase from previous day
Red: Decrease from previous day
Source for all positive seasonality ratings: www.EquityClock.com
Commodities
Daily Seasonal/Technical Commodities Trends for March 12th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 12th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Recession fears grow despite better than expected inflation data: Steve Leisman
Recession fears grow despite better than expected inflation data - YouTube
Temerity, Punditry & More Stock Market Uncertainty: Guy Adami and Dan Nathan
Temerity, Punditry & More Stock Market Uncertainty - YouTube
CHART THIS with David Keller, CMT Wednesday 3/12/25: David Keller
https://www.youtube.com/watch?v=a4vcp5egwIk
S&P 500 Momentum Barometers
The intermediate term Barometer dropped another 3.60 to 30.00. It remains Oversold. Daily downtrend continued.
The long term Barometer dropped another 2.20 to 39.60. It changed from Neutral to Oversold on a move below 40.00. Daily downtrend continued.
Short term (20 day) Barometer plunged 7.80 to 20.00. It remains Oversold. Daily downtrend continued.
TSX Momentum Barometers
The intermediate term Barometer added 0.91 to 41.36. It remains Neutral.
The long term Barometer added 1.82 to 50.00. It remains Neutral.
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com 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
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