Tech Talk for Wednesday March 10th 2021
Intel (INTC), an S&P 100 stock moved above $63.56 and $63.82 extending an intermediate uptrend.
![clip_image001[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0013-1.png "clip_image001[3]")
Italy iShares (EWI) moved above $30.93 extending an intermediate uptrend.
![clip_image002[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0023.png "clip_image002[3]")
Keurig Dr. Pepper (KDP), a NASDAQ 100 stock moved above $33.69 to an all-time high extending an intermediate uptrend.
![clip_image003[3]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0033.png "clip_image003[3]")
Materials SPDRs (XLB) moved above $77.77 to an all-time high extending an intermediate uptrend.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0041-1.png "clip_image004[1]")
Pre-opening Comments for Wednesday March 10th
U.S. equity index futures were higher this morning. S&P 500 futures added 12 points in pre-opening trade.
Index futures moved higher ollowing release of the February Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.4% versus a gain of 0.3% in January. Actual was an increase of 0.4%. Excluding food and energy, consensus was an increase of 0.2% versus a gain of 0.1% in January. Actual was an increase of 0.1%.
The Canadian Dollar was steady at US79.04 cents prior to the Bank of Canada's update at 10:00 AM ESTon interest rates available to major Canadian Banks. Consensus is that Canada's Bank Rate will remain unchanged at 0.25%.
Toll Brothers added $1.30 to $56.25 after increasing its dividend by 54%.
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0011-3.png "clip_image001[1]")
Campbell Soup slipped $0.43 to $46.50 after reporting lower than consensus fiscal second quarter revenues.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0021-4.png "clip_image002[1]")
Chevron slipped $0.49 to $109.01 despite a target increase from $105 to $130 by Cowen.
![clip_image003[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0031.png "clip_image003[1]")
EquityClock's Daily Comment
Following is a link:
http://www.equityclock.com/2021/03/09/stock-market-outlook-for-march-10-2021/
Technical Notes for Tuesday March 9th
BCE (BCE), a TSX 60 stock moved above $57.99 resuming an intermediate uptrend.
Couche Tard (ATD.B), a TSX 60 stock moved above $41.19 setting an intermediate uptrend.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 9th 2021
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for March 9th 2021
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 9th 2021
Green: Increase from previous day
Red: Decrease from previous day
S&P 500 Momentum Barometer
![clip_image001[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0011-2.png "clip_image001[1]")
The intermediate Barometer gained 1.60 to 67.74 yesterday. It remains Overbought.
![clip_image002[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0021-3.png "clip_image002[1]")
The long term Barometer gained 3.41 to 84.37 yesterday. It remains Extremely Overbought.
TSX Momentum Barometer
The intermediate Barometer added 2.84 to 69.19 yesterday. It remains Overbought.
![clip_image004[1]](http://www.timingthemarket.ca/techtalk/wp-content/uploads/2021/03/clip_image0041.png "clip_image004[1]")
The long term Barometer gained 1.42 to 75.83 yesterday. It remains Overbought.
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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