Tech Talk for Wednesday March 3rd 2021

Salesforce.com (CRM), a Dow Jones Industrial Average stock moved below $212.99 extending an intermediate downtrend.

Pre-opening Comments for Wednesday March 3rd

U.S. equity index futures were higher this morning. S&P 500 future added 9 points in pre-opening trade.

Index futures moved slightly lower following release off the March ADP Private Employment Report at 8:15 AM EST. Consensus was an increase of 177,000 versus an upwardly revised gain of 195,000 in February. Actual was an increase of 117,000.

Johnson & Johnson added $0.13 to #159.15 and Merck gained $0.14 to $72.99 after President Biden's estimated availability of the COVID 19 vaccine for all Americans by the end of May instead of end of July. Merck has joined Johnson & Johnson to produce more doses than previously announced.

Wendy's dropped $0.70 to $20.60 after reporting lower than consensus fourth quarter revenues and earnings. The company also lowered guidance below consensus estimates for the first quarter.

Hewlett Packard Enterprises added $0.14 to$14.64 after reporting higher than consensus fiscal first quarter revenues and earnings.

Roku advanced $10.50 to $400.17 after KeyBanc Capital upgraded the stock from Sector Weight to Overweight. Target is $518.

EquityClock's Daily Comment

Following is a link:

http://www.equityclock.com/2021/03/02/stock-market-outlook-for-march-3-2021/

Technical Notes for Tuesday

American Tower (AMT), an S&P 100 stock moved below $210.66 extending an intermediate downtrend.

Target (TGT), an S&P 500 stock moved below $176.19 completing a double top pattern. The stock responded to release of fourth quarter results.

Trader's Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 2nd 2021

Green: Increase from previous day

Red: Decrease from previous day

Commodities

Daily Seasonal/Technical Commodities Trends for March 2nd 2021

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 2nd 2021

Green: Increase from previous day

Red: Decrease from previous day

The Canadian Technician

Greg Schnell focuses on "More Chilling". Following is a link:

More Chilling | The Canadian Technician | StockCharts.com

S&P 500 Momentum Barometers

The intermediate Barometer slipped 1.40 to 63.33 yesterday. It remains overbought.

The long term Barometer eased 0.80 to 83.37 yesterday. It remains extremely overbought.

TSX Momentum Barometers

The intermediate Barometer dropped 2.22 to 59.13 yesterday. It changed from overbought to neutral on a drop below 60.00.

The long term Barometer added 1.57 to 74.52 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