{"id":186506,"date":"2025-06-08T15:05:04","date_gmt":"2025-06-08T19:05:04","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=186506"},"modified":"2025-06-09T08:44:29","modified_gmt":"2025-06-09T12:44:29","slug":"tech-talk-for-monday-june-9th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/06\/08\/tech-talk-for-monday-june-9th-2025\/","title":{"rendered":"Tech Talk for Monday June 9th 2025"},"content":{"rendered":"

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

Pre-opening Comments for Monday June 9th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 10<\/em><\/a> points at 8:30 AM EDT.<\/em><\/p>\n

Apple<\/b> added $0.75 to $204.67 prior to launch of its annual World Wide Development Conference.<\/em><\/p>\n

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Robinhood Markets<\/b> dropped $3.13 to $70.75 after the stock was not selected as expected to join the S&P 500 Index<\/em><\/p>\n

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Applovin <\/b>dropped $17.92 to $399.97 after the stock was not selected as expected to join the S&P 500 Index.<\/em> <\/p>\n

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Warner Brothers Discovery<\/b> added $0.05 to $9.87 after announcing plans to split into two units.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 9th<\/sup><\/strong><\/font><\/em><\/p>\n

The trends of employment are depicting where to invest in this uncertain economy. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/06\/07\/stock-market-outlook-for-june-9-2025\/<\/em><\/a><\/p>\n

Technical Scoop for June 9th<\/sup><\/font> <\/strong><\/font><\/em><\/p>\n

                from David Chapman and <\/strong><\/font><\/em>www.EnrichedInvesting.com<\/strong><\/font><\/em><\/a><\/p>\n

https:\/\/enrichedinvesting.com\/library\/<\/em><\/a><\/p>\n

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

The Bottom Line<\/strong><\/font><\/p>\n

Nice technical breakout on Friday by the Dow Jones Industrial Average and its related ETF: DIA! Also, nice breakout by the Russell 2000 Index and its related ETF: IWM! <\/b><\/p>\n

Measured by percent of S&P 500 stock trading above their 20, 50 and 200 day moving averages, U.S. equity prices are Overbought and peaked in mid-May<\/b>. Strength in a small number of big cap U.S. stocks (Think MAG 7 and a few Dow Jones Industrial Average stocks) has helped to support broadly based U.S. equity indices.<\/p>\n

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Continuing weakness in the U.S. Dollar is supporting commodity prices and bitcoin<\/b>. Nice breakout late last week by U.S. crude oil prices! Their strength was the main reason for gains by the TSX Composite Index. <\/p>\n

The TSX Composite Index also benefitted from strength in Canadian bank stocks<\/b> following recent release of encouraging fiscal second quarter results. S&P \/TSX Financials iShares (XFN.TO) and BMO Equal Weight Banks ETF moved to all-time highs. <\/p>\n

Earnings news is quiet this week<\/b>. U.S. focus is on Oracle reporting on Wednesday. No TSX 60 companies are scheduled to report. <\/p>\n

U.S. economic focuses this week<\/b> are on May CPI reporting on Wednesday and May PPI reporting on Thursday. Both reports could prove to be \u201ctroublesome\u201d for equity and bond markets: Consensus calls for a reversal from their recent downtrend to first signs of an increase.<\/p>\n

Consensus for Earnings and Revenues for S&P 500 companies<\/strong><\/font><\/p>\n

Source: www.factset.com<\/a><\/p>\n

Analyst estimates for 2025 beyond the first quarter generally remained virtually unchanged last week.<\/b> Consensus for second quarter earnings gains slipped to 4.9% from 5.0% last week. Consensus for second quarter revenue gains increased to 4.1% from 4.0%. Consensus for third quarter earnings gains remained at 7.2% last week. Consensus for third quarter revenue growth increases to 4.7% from 4.6%. Consensus for fourth quarter earnings gains increased last week to 6.3% from 6.2%. Consensus for fourth quarter revenue gains increased to 5.1% from 4.9%.<\/p>\n

For all of 2025,<\/b> earnings are expected to increase 9.1%, unchanged last week. Consensus for revenue gains also was unchanged at 4.9%.<\/p>\n

For all of 2026<\/b>, earnings are expected to increase 13.5%, up from 13.4% last week. Consensus for revenue gains remained unchanged at 6.2%.<\/p>\n

Economic News This Week<\/strong><\/font><\/p>\n

April U.S. Wholesale Inventories<\/b> released at 10:00 AM EDT on Monday is expected to be unchanged versus a 0.4% gain in March.<\/p>\n

May U.S. Consumer Price Index<\/b> released at 8:30 AM EDT on Wednesday is expected to increase 0.2% versus a 0.2% gain in April. On a year-over-year basis, May CPI is expected to increase 2.5% versus a 2.3% gain in April. Excluding food and energy, May CPI is expected to increase 0.3% versus a 0.2% increase in April. On a year-over-year basis, core CPI is expected to increase 2.9% versus a 2.8% increase in April.<\/p>\n

May U.S. Producer Price Index<\/b> released at 8:30 AM EDT on Thursday is expected to increase 0.2% versus a 0.5% drop in April. On a year-over-year basis, May PPI is expected to increase 2.6% versus 2.4% in April. Excluding food and energy, May PPI is expected to increase 0.3% versus a 0.4% drop in April. On a year-over-year basis, May PPI is expected to increase 3.0% versus 3.1% in April.<\/p>\n

June Michigan Consumer Sentiment<\/b> released at 10:00 AM EDT on Friday is expected to improve to 52.5 from 52.2 in May.<\/p>\n

Selected Earnings News This Week<\/strong><\/font><\/p>\n

Quiet week!<\/em><\/p>\n

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

Tuesday:<\/b> GameStop<\/em><\/p>\n

Wednesday:<\/b> Oracle<\/em><\/p>\n

Thursday<\/b>: Adobe.<\/em> <\/p>\n

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 6th<\/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 6th<\/sup> 2025<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for June 6th<\/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

Changes last week<\/strong><\/font><\/p>\n

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

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

Dow Jones Industrial Average <\/b>moved above 42,842.04 and Dow Jones Industrial Average iShares<\/b> (DIA) moved above $428.65 completing short term reverse Head & Shoulders patterns. Dow Jones Industrial Average stocks moving above intermediate resistance, triggering most of the gains on Friday were Caterpillar<\/b> (CAT) on a move above $355.33, IBM<\/b> (to an all-time high) on a move above $269.28, MasterCard<\/b> (MA) (to an all-time high) on a move above $588.45, Starbucks<\/b> (SBUX) on a move above $88.51 and Cisco<\/b> (CSCO) ((to an all-time high) on a move above $66.06.<\/p>\n

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AirBNB <\/b>a NASDAQ 100 stock moved above $139.84 extending an intermediate uptrend.<\/p>\n

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U.S. Crude Oil Fund<\/b> (USO) moved above US$70.27 per barrel completing a double bottom pattern. Benefitting from recent weakness in the U.S. Dollar!<\/p>\n

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

Big Rally Ahead Should Yield All-Time High on This Index: Tom Bowley<\/b><\/p>\n

Big Rally Ahead Should Yield All-Time High on This Index | Trading Places with Tom Bowley | StockCharts.com<\/a><\/p>\n

Editor\u2019s Note: Tom is referring to breakout patterns by the Russell 2000 Index and its related ETF: IWM on Friday. IWM moved above 209.27 and 210.13 completing a reverse Head & Shoulders pattern. The pattern is virtually identical to the technical patterns set by the Dow Jones Industrial Average and its related ETF: DIA.<\/em><\/b><\/p>\n

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

Michael Campbell\u2019s Money Talks for June 7th<\/sup> <\/b><\/p>\n

June 7 Episode – Michael Campbell’s Money Talks – Omny.fm<\/a><\/p>\n

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

What The Trump-Musk Feud Means For Markets: Guy Adami and Dan Nathan<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=KNTgsg93gkU<\/a><\/p>\n

Markets React to Trump vs Musk Feud: Mark Leibovit<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/06\/markets-react-to-trump-vs-musk-feud-mark-leibovit\/<\/a><\/p>\n

Jessica Inskip on What Individual Investors Get WRONG and How to FIX It<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=MHES2VsCaQ4<\/a><\/p>\n

Market Call: Javed Mirza’s technical analysis of the markets (June 5, 2025)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Ulych_aF3TA<\/a><\/p>\n

June 7, 2025 | Trading Desk Notes for June 7, 2025: Victor Adair<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/06\/trading-desk-notes-for-june-7-2025\/<\/a><\/p>\n

US Dollar to Remain \u201cChronically\u201d Firm: Bob Hoye<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/06\/us-dollar-to-remain-chronically-firm-bob-hoye\/<\/a><\/p>\n

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

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The intermediate term Barometer added 5.60 on Friday and gained 3.00 last week to 73.40. It remains Overbought<\/p>\n

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The long term Barometer added 3.20 on Friday and 1.20 last week to 52.20. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer slipped 0.92 on Friday, but gained 4.61 last week to 90.32. It remains Overbought.<\/p>\n

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The long term Barometer was unchanged on Friday and gained 3.22 to 74.65. It remains Overbought.<\/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 Monday June 9th U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT. Apple added $0.75 to $204.67 prior to launch of its annual World Wide Development Conference. Robinhood Markets dropped $3.13 to $70.75 after the stock was not selected as expected to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-186506","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186506","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=186506"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186506\/revisions"}],"predecessor-version":[{"id":186516,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/186506\/revisions\/186516"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=186506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=186506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=186506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}