Tech Talk for Wednesday March 19th 2025

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.

Focus today is on a decision announced by the FOMC on U.S. interest rates at 2:00 PM EDT. Consensus (100%) calls for no change in the Fed Fund Rate at 4.50%. Comments offered by Federal Reserve Chairman Powell's will be watched closely for a sense of direction.

J P Morgan Chase added $0.35 to $235.32 after raising its dividend by 12%.

HealthEquity dropped $12.07 to $89.60 after reporting mixed fourth quarter results.

General Mills dropped $2.07 to $58.37 after reporting less than consensus fiscal third quarter revenues.

Autodesk advanced $2.77 to $262.72. The stock is a target of an activist investor, Starboard.

EquityClock's Market Outlook for March 19th

The consumer economy is on a fragile footing following the second largest February drawdown on record for US retail sales. See:

https://equityclock.com/2025/03/18/stock-market-outlook-for-march-19-2025/

Technical Notes

Traders are watching the technical action by Magnificent 7 ETF $MAGS for signs of a short term bottom

Meta Platform $META, one of the Magnificent 7 stocks, moved below intermediate support at $579.48. Alphabet $GOOG another Magnificent 7 stock also moved lower on news of a proposed acquisition of Wiz for $34 billion cash.

Copper Miners ETF $COPX moved above $42.52 extending an intermediate uptrend.

CVS Health $CVS an S&P 100 stock moved above $67.34 extending an intermediate uptrend.

Chipotle $CMG a NASDAQ 100 stock moved below $47.98 extending an intermediate downternd

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 18th 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 18th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 18th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

4 Scenarios for Nasdaq 100: Bullish Surge or Bearish Collapse?

4 Scenarios for Nasdaq 100: Bullish Surge or Bearish Collapse? - YouTube

How Powell could tilt market sentiment: Yahoo Finance

How Powell could tilt market sentiment - YouTube

McMillan’s Insights for 2025: What You Need to Know for the New Year

McMillan’s Insights for 2025: What You Need to Know for the New Year - YouTube

Fed Survey respondents lower their forecasts for the S&P 500

Fed Survey respondents lower their forecasts for the S&P 500 - YouTube

Market trend is still to the downside on the margin, says Schwab’s Liz Ann Sonders

Market trend is still to the downside on the margin, says Schwab’s Liz Ann Sonders - YouTube

Outlook for USD ahead of Federal Reserve announcement

Outlook for USD ahead of Federal Reserve announcement - YouTube

CHART THIS with David Keller, CMT Tuesday 3/18/25

CHART THIS with David Keller, CMT Tuesday 3/18/25 - YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 1.40 to 38.40. It remains Oversold.

The long term Barometer dipped 1.60 to 44.00. It remains Neutral

TSX Momentum Barometers

The intermediate term Barometer added 0.91 to 51.82. It remains Neutral.

The long term Barometer slipped 1.82 to 53.18. 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