Tech Talk for Wednesday March 5th 2025
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT.
CrowdStrike dropped $33.76 to $356.40 after offering an outlook below consensus.
![clip_image001[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0014-1.png "clip_image001[4]")
Enbridge is expected to open higher after announcing plans for a Cdn$2.5 billion upgrade to its oil and gas distribution system.
![clip_image002[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0024-1.png "clip_image002[4]")
Ross Stores added $0.45 to $136.42 after increasing its dividend by 10%.
![clip_image003[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0034-1.png "clip_image003[4]")
Palantir advanced $2.30 to $86.37 after William Blair upgraded the stock
![clip_image004[4]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/03/clip_image0044-1.png "clip_image004[4]")
EquityClock's Market Outlook for March 5th
The new high engine in US stocks has been turned off, forcing traders to look elsewhere for strength. See:
https://equityclock.com/2025/03/04/stock-market-outlook-for-march-5-2025/
Technical Notes
Key U.S. listed ETFs breaking intermediate technical support included S&P 500 SPDRs (SPY) on a move below $575.35, Energy SPDRs (XLE) on a move below $86.83, Oil and Gas Exploration SPDRs (XOP) on a move below $122.51, Aerospace and Defense ETF (PPA) on a move below $113.31, Copper Miners ETF (COPX) on z move below $37.31, Retail SPDRs (XRT) on a move below $69.94 and Home Builders SPDRs (XHB) on a move below $97.14.
S&P 100 and NASDAQ 100 stocks breaking intermediate technical support included Match, Marriott, Target, Dollar Tree, Schlumberger, American Express, BlackRock, Boeing, Deere, Emerson, Microsoft, Dow, Micron, KLA Corp, Bank of America, Royal Caribbean and CSX
TSX 60 stocks breaking intermediate technical support included Imperial Oil, Nutrien, Teck, Magna International, CGI Group, Shopify and Brookfield.
Trader's Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for March 4th 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 4th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for March 4th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Have We Reached Peak Market Uncertainty? Guy Adami and Dan Nathan
Have We Reached Peak Market Uncertainty? - YouTube
Trump tariffs sink stocks: The Investment Committee’s strategy
(Includes Brian Belski comments (BMO)
Trump tariffs sink stocks: The Investment Committee’s strategy - YouTube
S&P 500 Selloff: Bearish Rotation & Key Downside Targets! David Keller
S&P 500 Selloff: Bearish Rotation & Key Downside Targets! - YouTube
Government shutdown looms over U.S. as budget crisis worsens: BNN
Government shutdown looms over U.S. as budget crisis worsens - YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 6.60 to 41.60. It remains Neutral. Daily downtrend was extended
The long term Barometer dropped 6.80 to 50.40. It remains Neutral. Daily downtrend was extended.
TSX Momentum Barometers
The intermediate term Chart dropped 2.27 to 39.09. It changed from Neutral to Oversold on a drop below 40.00. Daily downtrend was extended.
The long term Barometer dropped 3.18 to 51.36. It remains Neutral. Daily downtrend was extended.
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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