{"id":186415,"date":"2025-06-04T20:39:44","date_gmt":"2025-06-05T00:39:44","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=186415"},"modified":"2025-06-05T08:58:30","modified_gmt":"2025-06-05T12:58:30","slug":"tech-talk-for-thursday-june-5th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/06\/04\/tech-talk-for-thursday-june-5th-2025\/","title":{"rendered":"Tech Talk for Thursday June 5th 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday June 5th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed<\/em><\/a> this morning.<\/em><\/b> S&P 500 futures were unchanged at 8:35 AM EDT.<\/em><\/p>\n

European Central Bank<\/b> lowered its overnight lending rate by 0.25% to 2.00%.<\/em><\/p>\n

S&P 500 futures dropped 2 points following release of economic news at 8:30 AM EDT. Consensus for April Trade <\/b>was a $66.3 billion deficit versus a $140.50 billion deficit in March. Actual was a $61.6 billion deficit. Consensus for revised first quarter Non-farm Productivity<\/b> was a 0.8% drop versus a 1.5% gain in the fourth quarter. Actual was a 1.5% drop. <\/em><\/p>\n

Verint Systems<\/b> (VRNT) added $2.66 to $21.00 after offering positive guidance. Nice breakout after the close!<\/em><\/p>\n

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PVH Corp<\/b> (PVH) dropped $5.01 to $75.80 after reducing its profit outlook.<\/em><\/p>\n

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Costco<\/b> dropped $7.09 to $1,044.60 after monthly sales growth continued to slow.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 5th<\/strong><\/font><\/em><\/p>\n

The period of seasonal weakness for the energy sector is here and, combined with the weak fundamental and technical backdrops, caution in the market segment is warranted. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/06\/04\/stock-market-outlook-for-june-5-2025\/<\/em><\/a><\/p>\n

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

Semiconductor ETFs led strength in U.S. equity prices yesterday. SMH <\/b>moved above $249.44 and SOXX<\/b> moved above $216.70 extending an intermediate uptrend. <\/p>\n

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Notable semiconductor stocks breaking resistance\/extending intermediate uptrends included ON Semiconductor<\/b> (ON) on a move above $46.59, Microchip Technology<\/b> (MCHP) on a move above $64.36 and NetEase<\/b> (NTES) on a move above $123.15 to an all-time high<\/p>\n

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DoorDash<\/b> (DASH) a NASDAQ 100 stock moved above $215.24 extending an intermediate uptrend. <\/p>\n

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MongoDB<\/b> (MDB) a NASDAQ 100 stock moved above $198.58 completing a reverse Head and Shoulders pattern.<\/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 4th<\/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 4th<\/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

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

Daily Seasonal\/Technical Sector Trends for June 4th<\/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

Chart Check on Meme Stocks: $PLTR, $TSLA, $HIMS & $CRWV: Guy Adami and Dan Nathan<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=7ZMUv2SGwIA<\/a><\/p>\n

S&P 500 Bullish Patterns: Are Higher Highs Ahead? Frank Cappelleri<\/b><\/p>\n

S&P 500 Bullish Patterns: Are Higher Highs Ahead? \u2013 YouTube<\/a><\/p>\n

Bank of Canada says U.S. trade conflict is the ‘biggest headwind’ for the Canadian economy<\/b><\/p>\n

Bank of Canada says U.S. trade conflict is the ‘biggest headwind’ for the Canadian economy \u2013 YouTube<\/a><\/p>\n

Fed Beige Book Shows Economic Activity Has Declined Slightly<\/b><\/p>\n

Fed Beige Book Shows Economic Activity Has Declined Slightly \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped 1.20 to 71.00. It remains Overbought.<\/p>\n

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The long term Barometer slipped 0.80 to 51.00. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer slipped 0.40 to 90.32. It remains Overbought. Daily trend remains up<\/p>\n

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The long term Barometer slipped 0.46 to 75.12. It remains Overbought. Daily trend remains up. <\/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 Thursday June 5th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT. European Central Bank lowered its overnight lending rate by 0.25% to 2.00%. S&P 500 futures dropped 2 points following release of economic news at 8:30 AM EDT. Consensus for April Trade was […]<\/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-186415","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186415","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=186415"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186415\/revisions"}],"predecessor-version":[{"id":186423,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186415\/revisions\/186423"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=186415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=186415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=186415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}