{"id":188804,"date":"2025-09-07T21:24:57","date_gmt":"2025-09-08T01:24:57","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=188804"},"modified":"2025-09-08T08:35:19","modified_gmt":"2025-09-08T12:35:19","slug":"tech-talk-for-monday-september-8th-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/09\/07\/tech-talk-for-monday-september-8th-2025\/","title":{"rendered":"Tech Talk for Monday September 8th 2025"},"content":{"rendered":"

Pre-opening Comments for Monday September 8th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 10 points at 8:30 AM EDT. Futures responded to a drop in yield for long term U.S. Treasury bonds. Yield on ten year Treasuries dropped 0.11 to 4.09%.<\/em><\/p>\n

WTI Crude Oi<\/b>l added $1.25 to $63.12 despite an OPEC+ agreement on Sunday to further increase oil production in October by 137,000 barrels per day.<\/em><\/p>\n

\"clip_image001\"<\/em><\/a><\/p>\n

Robinhood Markets<\/b> (HOOD) advanced $6.08 to $107.33 following news of its addition to the S&P 500 Index.<\/em> <\/p>\n

\"clip_image002\"<\/a><\/p>\n

Applovin<\/b> (APP) advanced $31.74 to $521.98 following news of its addition to the S&P 500 Index<\/em><\/p>\n

\"clip_image003\"<\/em><\/a><\/p>\n

EquityClock\u2019s Market Outlook for September 8th<\/sup><\/strong><\/font><\/em><\/p>\n

Further evidence of economic degradation presses the need for fixed income exposure in portfolios. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/09\/06\/stock-market-outlook-for-september-8-2025\/<\/em><\/a><\/p>\n

Technical Scoop for September 8th<\/sup><\/strong><\/font> from David Chapman and <\/strong><\/font><\/em>www.EnrichedInvesting.com<\/strong><\/font><\/em><\/a><\/p>\n

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

Changes in content of the S&P 500 Index on September 22nd<\/sup><\/em><\/p>\n

Additions<\/b> are Robinhood Markets (HOOD), Applovin (APP) and Emcore (EME). Deletions<\/b> are MarketAxess Holdings (MKTX), Caesar\u2019s Entertainment (CZR) and Enphase Energy (ENPH).<\/em><\/p>\n

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

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

Responses to the August U.S. employment report released on Friday were significant<\/b>. Lower than consensus Non-farm Payrolls prompted equity prices to move lower and bond prices to move higher. Yield on 10 year Treasuries dropped below support a 4.18% and 4.12% extending an intermediate downtrend. Yield dropped on growing anticipation of a reduction in the Fed Fund Rate by at least 0.25% to 4.25% on September 17th<\/sup>.<\/p>\n

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

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

Estimates for the third quarter earnings and revenue were unchanged last week. <\/b>Consensus for third quarter earnings gains remained at 7.5%. Consensus for third quarter revenue growth remained at 6.1%. To date, forty seven companies have issued negative guidance for the third quarter and 54 companies have issued positive guidance. <\/p>\n

Consensus for fourth quarter earnings gains was unchanged at 7.2%.<\/b> Consensus for fourth quarter revenue growth was unchanged at 6.3%. <\/p>\n

For all of 2025, <\/b>consensus for <\/b>earnings growth remained at 10.6%. Consensus for revenue gains remained at 6.0%.<\/p>\n

Consensus for first quarter 2026<\/b> calls for an 11.5% earnings gain and a 7.1% revenue gain.<\/p>\n

Consensus for second quarter 2026<\/b> calls for a 12.3% earnings gain and a 6.3% revenue gain.<\/p>\n

For all of 2026<\/b>, consensus for earnings growth increased to 13.6% from 13.4%. Consensus for revenue gains increased to 6.5% from 6.4%.<\/p>\n

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

U.S. August Producer Price Index<\/b> released at 8:30 AM EDT on Wednesday is expected to increase 0.3% versus a 0.3% increase in July. Excluding food and energy, August PPI is expected to increase 0.3% versus a 0.9% increase in July.<\/p>\n

July Wholesale Inventories<\/b> released at 10:00 AM EDT on Wednesday are expected to increase 0.2% versus a 0.2% increase in June.<\/p>\n

August Consumer Price Index<\/b> released at 8:30 AM EDT on Thursday is expected to increase 0.3% versus a 0.2% increase in July. On a year-over-year basis, August CPI is expected to increase 2.9% versus 2.7% in July. Excluding food and energy, August CPI is expected to increase 0.3% versus a 0.3% increase in July. On a year-over year basis, core CPI is expected to increase 3.1% versus a 3.1% increase in July<\/p>\n

September Consumer Sentiment<\/b> released at 10:00 AM EDT on Friday is expected to slip to 58.0 from 58.2 in August.<\/p>\n

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

Quiet week ahead!<\/i><\/p>\n

\"sel<\/a><\/em><\/p>\n

<\/i><\/p>\n

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

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

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

\"traders<\/a><\/font><\/p>\n

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

Daily Seasonal\/Technical Equity Trends for September 5th<\/sup> 2025<\/p>\n

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

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

Red: Decrease from previous day<\/font><\/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 September 5th<\/sup> 2025<\/p>\n

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

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

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 September 5th<\/sup> 2025<\/p>\n

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

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

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

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

20 year + Treasury Bond iShares<\/b> (TLT) moved above $88.11 and $88.54 extending an intermediate uptrend. Responded to the weaker than expected August jobs report!<\/p>\n

Global Metals iShares<\/b> (PICK) moved above $41.51 extending an intermediate uptrend. Helped by higher precious metals prices!<\/p>\n

Lithium ETN<\/b> (LIT) moved above $48.79 extending an intermediate uptrend.<\/p>\n

Wheaton Precious Metals<\/b> (WPM.TO and WPM) a TSX 60 stock moved above US$103.63 and Cdn$142.82 to an all-time high extending an intermediate uptrend. Following the price of gold after its break above $3500.00 per ounce last week!<\/p>\n

S&P 100 and NASDAQ 100 stocks breaking intermediate resistance extended uptrends included Micron, Broadcom and Dupont<\/b>. Seasonal influences are favourable for Dupont until November 5th<\/sup>. See seasonality chart at www.equityclock.com<\/a><\/p>\n

Lulu Lemon<\/b> (LULU) a NASDAQ 100 stock moved below $185.35 extending an intermediate downtrend. The company reported less than consensus quarterly results. <\/p>\n

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

Mike\u2019s Money Talks for September 6th<\/sup> <\/b><\/p>\n

Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n

Goldman Sachs’ Jan Hatzius: Jobs report shows labor market is softening, implicates September cut<\/b><\/p>\n

Goldman Sachs’ Jan Hatzius: Jobs report shows labor market is softening, implicates September cut \u2013 YouTube<\/a><\/p>\n

Rebecca Patterson: Will AI Do More Harm Than Good for U.S. Growth?<\/b><\/p>\n

Rebecca Patterson: Will AI Do More Harm Than Good for U.S. Growth? \u2013 YouTube<\/a><\/p>\n

CPI will decide rate cuts for Canada, U.S. this year: Davis<\/b><\/p>\n

CPI will decide rate cuts for Canada, U.S. this year: Davis \u2013 YouTube<\/a><\/p>\n

Jobs Rise Less Than Expected, "Number 1 Data Point of the Month"<\/b><\/p>\n

Jobs Rise Less Than Expected, "Number 1 Data Point of the Month" \u2013 YouTube<\/a><\/p>\n

Canada’s unemployment rate rises to 7.1%<\/b><\/p>\n

Canada’s unemployment rate rises to 7.1% \u2013 YouTube<\/a><\/p>\n

America lost jobs for the first time since 2020<\/b><\/p>\n

America lost jobs for the first time since 2020 \u2013 YouTube<\/a><\/p>\n

American Eagle Shares Busting Out Mark Leibovit<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/09\/american-eagle-shares-busting-out-mark-leibovit\/<\/a><\/p>\n

WTI Prices Vulnerable In The Near Term To Fall Shoulder Season Inventory Build: Josef Schachter<\/b><\/p>\n

https:\/\/www.howestreet.com\/2025\/09\/wti-prices-vulnerable-in-the-near-term-to-fall-shoulder-season-inventory-build-this-week-total-stocks-up-7-6-mb\/<\/a><\/p>\n

CHART THIS with David Keller, CMT Friday 9\/5\/25<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=pK_WSLF4Gxs<\/a><\/p>\n

Weekly Update with Larry Berman – September 6, 2025<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Ui5M7nvqpQE<\/a><\/p>\n

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

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

The intermediate term Barometer added 0.67 on Friday, but dropped 4.80 last week to 60.40. It remains Overbought. Peak was reached on July 31st<\/sup><\/p>\n

<\/sup><\/p>\n

The long term Barometer added 0.20 on Friday and slipped 0.20 last week to 67.00. It remains Overbought.<\/p>\n

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

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

The intermediate term Barometer slipped 0.47 on Friday, but added 2.37 last week to 72.04. It remains Overbought.<\/p>\n

The long term Barometer added 0.47 on Friday and added 0.47 last week to 83.41. It remains Overbought.<\/p>\n

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

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

Pre-opening Comments for Monday September 8th U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT. Futures responded to a drop in yield for long term U.S. Treasury bonds. Yield on ten year Treasuries dropped 0.11 to 4.09%. WTI Crude Oil added $1.25 to $63.12 despite […]<\/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-188804","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/188804","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=188804"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/188804\/revisions"}],"predecessor-version":[{"id":188812,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/188804\/revisions\/188812"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=188804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=188804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=188804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}