Tech Talk for Friday March 14th 2025

Pre-opening Comments for Friday March 14th

U.S. equity index futures were higher this morning. S&P 500 futures were up 58 points at 8:30 AM EDT.

The U.S. Senate has a deadline of midnight tonight to pass a resolution to extend the debt ceiling. Failure to pass the resolution will shut down U.S. government services (other than essential services). Odds makers are giving passage by tonight a 50/50 chance.

Rubrik advanced $8.66 to $63.94 after reporting higher than consensus fourth quarter results.

Ulta Beauty gained $31.92 to $336.39 after reporting higher than consensus fourth quarter results.

Appliedoptoelectronics jumped $9.73 to $25.60 on news that Amazon has acquired 7.9 million warrants to purchase 7.9 million shares at $23.70 per share.

O'Reilly added $13.51 to $1,303.00 after the company approved a 15 for one stock split.

EquityClock's Market Comment for March 14th

While headline risks remain high, the equity market has reached a zone where a snap-back has become highly likely. See:

https://equityclock.com/2025/03/13/stock-market-outlook-for-march-14-2025/

Technical Notes

Gold bullion ETN $GLD moved above $272.32 to an all-time high extending an intermediate uptrend. Responded to spot gold futures price moving above US$2,974.00 per ounce to an all-time high!

Gold Equity ETF $GDX moved above $42.66 extending an intermediate uptrend. Junior Gold Equity ETF $GDXJ moved above $54.18 to an all-time high extending an intermediate uptrend.

Agnico-Eagle $AEM a TSX 60 stock moved above US$101.02 to an all-time high extending an intermediate uptrend.

Franco-Nevada $FNV.TO a TSX 60 stock moved above Cdn$212.97 to an all-time high extending an intermediate uptrend.

Adobe $ADBE an S&P 100 stock moved below $403.75 extending an intermediate downtrend.

Bank of Nova Scotia $BNS.TO a TSX 60 stock moved below Cdn$68.00 extending an intermediate downtrend.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 13th 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 13th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 13th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Nontraditional ETFs: What to know

Nontraditional ETFs: What to know - YouTube

Summers on Recession Risks, Inflation, Trade War, Tariffs, Fed Outlook

Summers on Recession Risks, Inflation, Trade War, Tariffs, Fed Outlook - YouTube

Is It Finally Time To Buy The Mag7 Stocks? Guy Adami and Dan Nathan

Is It Finally Time To Buy The Mag7 Stocks? - YouTube

CHART THIS with David Keller, CMT Thursday 3/13/25

https://www.youtube.com/watch?v=wQQTHQhdfsY

How to Profit From Market Spreads | Navigating Seasonal Cycles, March 13, 2025

https://www.youtube.com/watch?v=KyRmn-lHHWw

S&P 500 Momentum Barometers

The intermediate Barometer dropped another 1.80 to 28.40. It remains Oversold. Daily downtrend was extended.

The long term Barometer dropped another 3.80 to 35.80. It remains Oversold, Daily downtrend was extended.

Short term (20 days) Barometer dropped another 1.00 to 19.00. It remains deeply Oversold. Daily downtrend was extended.

TSX Momentum Barometers

Intermediate term Barometer dropped 2.27 to 39.09. It changed from Neutral to Oversold on a move below 40.00.

Long term Barometer dropped 1.36 to 48.64. 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