Tech Talk for Tuesday March 4th 2025
U.S. equity index futures were lower this morning. S&P 500 futures were down 45 points at 8:30 AM EST.
President Trump speaks to a joint Congress tonight at 9:00 PM EST.
American Express added $0.39 to $295.88 after raising its quarterly dividend by 17%.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0014.png "clip_image001[4]")
Okta advanced $11.65 to $99.00 after reporting higher than consensus fourth quarter results. The company also offer positive guidance for fiscal 2026.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0024.png "clip_image002[4]")
Mosaic slipped $0.20 to $23.13 despite an upgraded on the stock by JP Morgan.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0034.png "clip_image003[4]")
Walgreens Boots added $0.48 to $10.74 in anticipation of a takeover offer.
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0044.png "clip_image004[4]")
EquityClock's Market Outlook for March 4th
Cryptocurrency market testing some critical levels that will put the bull market trend of the past couple of years to the test. See:
https://equityclock.com/2025/03/03/stock-market-outlook-for-march-4-2025/
Technical Notes
United Kingdom iShares $EWU moved above $37.10 to an all-time high extending an intermediate uptrend.
Financial SPDRs $XLF briefly moved above $52.26 to an all-time high extending an intermediate uptrend.
Invesco Solar ETF $TAN moved below $31.99 extending an intermediate downtrend.
Oil Services ETF $OIH moved below $255.69 extending an intermediate downtrend.
Weakness in U.S. equity indices was led by NVidia $NVDA on a break below support at $113.01 extending an intermediate downtrend.
S&P/TSX Energy iShares $XEG.TO moved below Cdn$16.13 and Cdn$15.93 extending an intermediate downtrend. Suncor $SU.TO led the decline by completing a double to pattern on a move below Cdn$52.70
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 3rd 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 3rd 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 3rd 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
The market could be bottoming this week, says Fundstrat’s Tom Lee
The market could be bottoming this week, says Fundstrat’s Tom Lee - YouTube
Jobs Report Preview & Ray Dalio’s Debt Crisis Warning: Guy Adami, Dan Nathan, Liz Thomas
Jobs Report Preview & Ray Dalio’s Debt Crisis Warning - YouTube
Retrenchment healthy for bull market: strategist, Sam Stoval
Retrenchment healthy for bull market: strategist - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 7.00 to 48.20. It remains Neutral.
The long term Barometer dropped 2.80 to 57.20. It changed from Overbought to Neutral on a drop below 60.00. Daily trend is down.
TSX Momentum Barometers
Intermediate term Barometer dropped 6.36 to 41.36. It remains Neutral.
The long term Barometer dropped 4.09 to 54.55, a 13 month low. It remains Neutral. Daily trend is down.
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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