Tech Talk for Thursday March 5th 2020

U.S. equity index futures were lower this morning. S&P 500 futures were down 76 points in pre-opening trade.

Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 212,000 versus 219,000 last week. Actual was 216,000. Consensus for Fourth Quarter Non-farm Productivity was growth at an annualized rate of 1.4% versus a decline of 0.2% in the third quarter. Actual was growth at a 1.2% rate..

WTI crude oil gained $0.11 to $46.89 per barrel after OPEC agreed to reduce production by 1.5 million barrels per day.

American Eagle Outfitters added $0.79 to $13.66 after reporting higher than consensus adjusted fourth quarter earnings.

Marvell Technology Group advanced $2.21 to $24.80 after reporting higher than consensus fourth quarter revenues and earnings.

State Street (STT $67.00) is expected to open lower after Deutsche Bank downgraded the stock from Buy to Hold.

EquityClock's Daily Market Comment

Following is a link:

http://www.equityclock.com/2020/03/04/stock-market-outlook-for-march-5-2020/

Note seasonality chart on Gasoline Supply

StockTwits released yesterday @EquityClock

Loblaw Companies $L.CA, a TSX 60 stock moved above $71.66 resuming an intermediate uptrend.

Trader's Corner

Equity Indices and related ETFs

Daily Seasonal/Technical Equity Trends for March 4th 2020

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 4th 2020

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 4th 2020

Green: Increase from previous day

Red: Decrease from previous day

S&P 500 Momentum Barometer

The Barometer added another 15.83 to 26.05 yesterday. It remains intermediate oversold, but is trending up.

TSX Momentum Barometer

The Barometer added another 7.17 to 30.40 yesterday. It remains intermediate oversold, but is trending up.

Disclaimer: Seasonality 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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