{"id":186368,"date":"2025-06-02T21:33:44","date_gmt":"2025-06-03T01:33:44","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=186368"},"modified":"2025-06-03T08:49:57","modified_gmt":"2025-06-03T12:49:57","slug":"tech-talk-for-tuesday-june-3rd-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/06\/02\/tech-talk-for-tuesday-june-3rd-2025\/","title":{"rendered":"Tech Talk for Tuesday June 3rd 2025"},"content":{"rendered":"

Pre-opening Comments for Tuesday June 3rd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning.<\/b> S&P 500 futures were down 5 points at 8:30 AM EDT.<\/em><\/p>\n

OECD<\/b> lowered its economic growth projection for the United States. Annual growth rate for 2025 was reduced to 1.6% from 2.2% in 2025 and to 1.5% from 1.6% to 1.5% in 2026.<\/em><\/p>\n

Dollar General<\/b> advanced $8.12 to $105.29 after reporting higher than consensus first quarter results. The company also raised guidance. <\/em><\/p>\n

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Constellation Energy<\/b> jumped $7.28 to $313.43 after Meta announced purchase of its nuclear power under a 20 year deal<\/em><\/p>\n

\"clip_image002[4]\"<\/a><\/p>\n

Moonlake <\/b>added $7.84 to $49.00 on reports that Merck wants to buy the company for $3 billion<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 3rd<\/sup><\/strong><\/font><\/em><\/p>\n

The market is no longer enticing the type of buying demand that was apparent between mid-April and mid-May when support at the 50-hour moving average produced large thrusts higher. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/06\/02\/stock-market-outlook-for-june-3-2025\/<\/em><\/a><\/p>\n

<\/a><\/p>\n

Technical Notes<\/strong><\/font><\/p>\n

Metals & Mining SPDRs<\/b> $XME moved above $62.79 extending an intermediate uptrend. <\/p>\n

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Gold Miners ETF<\/b> $GDX moved above US$53.25 to a 12 year high extending an intermediate uptrend.<\/p>\n

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Junior Gold Miners ETF<\/b> $GLDX moved above $66.80 to a 12 year high extending an intermediate uptrend.<\/p>\n

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Wheaton Precious Metals<\/b> $WPM a TSX 60 stock moved above US$87.25 and Cdn$120.20 to all-time highs<\/a> extending an intermediate uptrend.<\/p>\n

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Gold Bug Index<\/b> (HUI) moved above $415.92 to a 12 year high extending an intermediate uptrend. <\/p>\n

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Enbridge<\/b> $ENB.TO a TSX 60 stock moved above Cdn$64.17 to an all-time high extending an intermediate uptrend. <\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

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Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for June 2nd<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

Source for all positive seasonality ratings: <\/em>www.EquityClock.com<\/em><\/a><\/p>\n

Commodities<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Commodities Trends for June 2nd<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font> <\/em><\/p>\n

Red: Decrease from previous day<\/em><\/p>\n

Sectors<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Sector Trends for June 2nd<\/sup> 2025<\/p>\n

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Green: Increase from previous day<\/font><\/em><\/p>\n

Red: Decrease from previous day<\/font><\/em><\/p>\n

Links offered by valued providers<\/strong><\/font><\/p>\n

Croft: Given all the global economic headwinds, oil prices are managing to hang on<\/b><\/p>\n

Croft: Given all the global economic headwinds, oil prices are managing to hang on \u2013 YouTube<\/a><\/p>\n

Investors should turn down the noise and focus on what’s actually happening: Robinhood CIO<\/b><\/p>\n

Investors should turn down the noise and focus on what’s actually happening: Robinhood CIO \u2013 YouTube<\/a><\/p>\n

Trade Tensions Rise: What The Charts Tell Us:: Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=P0jz1VyVB2A<\/a> <\/b><\/p>\n

<\/strong><\/p>\n

Will June match May’s gains? This strategist says probably not, but momentum is on the bull side.<\/b><\/p>\n

Will June match May’s gains? This strategist says probably not, but momentum is on the bull side. \u2013 YouTube<\/a><\/p>\n

S&P 500 Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image015\"<\/a><\/p>\n

The intermediate term Barometer slipped 0.20 to 70.20. It remains Overbought.<\/p>\n

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The long term Barometer slipped 0.40 to 50.60. It remains Neutral.<\/p>\n

TSX Momentum Barometers<\/strong><\/font><\/p>\n

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer added 2.76 to 88.48. It remains Overbought.<\/p>\n

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The long term Barometer added 0.92 to 72.35. It remains Overbought. <\/p>\n

<\/b><\/p>\n

Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at<\/em><\/p>\n

www.equityclock.com<\/em><\/a> 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Pre-opening Comments for Tuesday June 3rd U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. OECD lowered its economic growth projection for the United States. Annual growth rate for 2025 was reduced to 1.6% from 2.2% in 2025 and to 1.5% from 1.6% to 1.5% […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-186368","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/comments?post=186368"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186368\/revisions"}],"predecessor-version":[{"id":186376,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186368\/revisions\/186376"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=186368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=186368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=186368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}