{"id":189488,"date":"2025-10-01T19:19:20","date_gmt":"2025-10-01T23:19:20","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=189488"},"modified":"2025-10-02T08:44:21","modified_gmt":"2025-10-02T12:44:21","slug":"tech-talk-for-thursday-october-2nd-2025","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2025\/10\/01\/tech-talk-for-thursday-october-2nd-2025\/","title":{"rendered":"Tech Talk for Thursday October 2nd 2025"},"content":{"rendered":"

Pre-opening Comments for Thursday October 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 17 points at 8:30 AM EDT.<\/em><\/p>\n

Occidental Petroleum<\/b> advanced $0.74 to $48.46 after the company sold its OxyChem division to Berkshire Hathaway for $9.7 billion. Berkshire Hathaway<\/b> slipped $1.19 to $497.01 on the news<\/em><\/p>\n

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Stellantis<\/b> added $0.68 to $10.32 after reporting higher than consensus quarterly results.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for October 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

The degradation in the labor market presents concern pertaining to Consumer Discretionary exposure in portfolios through the end of the year. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2025\/10\/01\/stock-market-outlook-for-october-2-2025\/<\/em><\/a> <\/b><\/p>\n

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

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

U.S. Natural Gas Fund ETN (UNG)<\/b> moved above $13.46 completing a double bottom pattern.<\/p>\n

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Europe iShares<\/b> (IEV) moved above $65.54 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until early January. See seasonality chart at www.equityclock.com<\/a><\/p>\n

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Amex Biotech ETF<\/b> (FBT) moved above $183.60 to an all-time high extending an intermediate uptrend. VanEck Biotech ETF<\/b> (BBH) moved above $169.41 and $170.61 extending an intermediate uptrend. Leading the move was a breakout by Biogen<\/b> (BIIB) above $150.28 extending an intermediate uptrend.<\/p>\n

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Base Metals iShares<\/b> (PICK) moved above $44.84 extending an intermediate uptrend. Seasonal influences are favourable until January 7th<\/sup>. See seasonality chart at www.EquityClock.com<\/a><\/p>\n

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Pfizer <\/b>(PFE) a Dow Jones Industrial Average stock moved above $$26.11 and $26.28 completing a reverse Head & Shoulders pattern. Merck<\/b> (MRK) a Dow Jones Industrial Average stock move above $86.98 extending an intermediate uptrend. Eli Lilly<\/b> (LLY) an S&P 100 stock moved above $823.19 setting an intermediate uptrend. Strength in PFE, MRK and LLY was a major reason why VanEck Pharmaceutical ETF<\/b> (PPH) broke to a 12 month high. <\/p>\n

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Dollarama<\/b> (DOL.TO) a TSX 60 stock moved below $181.80 completing a Head & Shoulders pattern.<\/p>\n

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S&P 100 and NASDAQ 100 stocks moving below support setting intermediate downtrends included Meta Platforms<\/b> (META), Booking Holdings<\/b> (BKNG), Atlassian<\/b> (TEAM), Mercadolibre<\/b> (MELI), Linde<\/b> (LIN), eBay<\/b> (EBAY), Gilead Sciences<\/b> (GILD) and Analog Devices<\/b> (ADI).<\/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 October 1st<\/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

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 October 1st<\/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 October 1st<\/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

10 Must-See Charts For October 2025: Jason Rose and David Keller<\/b><\/p>\n

10 Must-See Charts For October 2025 \u2013 YouTube<\/a><\/p>\n

MRKT Call – Wednesday, October 1st<\/sup>: Guy Adami and Dan Nathan<\/b><\/p>\n

MRKT Call – Wednesday, October 1st \u2013 YouTube<\/a><\/p>\n

BMO’s Brian Belski: The Fed has to bring some credibility back with the market<\/b><\/p>\n

BMO’s Brian Belski: The Fed has to bring some credibility back with the market \u2013 YouTube<\/a><\/p>\n

G Squared\u2019s Victoria Greene: Q4 seasonality and technicals make the case to stay long risk assets<\/b><\/p>\n

G Squared\u2019s Victoria Greene: Q4 seasonality and technicals make the case to stay long risk assets \u2013 YouTube<\/a><\/p>\n

Halftime Report’ team break down their Q4 investment strategies<\/b><\/p>\n

‘Halftime Report’ team break down their Q4 investment strategies \u2013 YouTube<\/a><\/p>\n

Treasury rates fall on weak ADP jobs report: Rick Santelli<\/b><\/p>\n

Treasury rates fall on weak ADP jobs report \u2013 YouTube<\/a><\/p>\n

Canada in investment crisis: Business Council of Canada<\/b><\/p>\n

Canada in investment crisis: Business Council of Canada \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer slipped 0.60 to 58.00. It remains neutral.<\/p>\n

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The long term Barometer added 0.60 to 67.00. It remains Overbought.<\/p>\n

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

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The intermediate Barometer added 1.88 to 74.65. It remains Overbought.<\/p>\n

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The long term Barometer added 0.94 to 86.39. 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 Thursday October 2nd U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT. Occidental Petroleum advanced $0.74 to $48.46 after the company sold its OxyChem division to Berkshire Hathaway for $9.7 billion. Berkshire Hathaway slipped $1.19 to $497.01 on the news Stellantis added […]<\/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-189488","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/189488","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=189488"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/189488\/revisions"}],"predecessor-version":[{"id":189496,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/189488\/revisions\/189496"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=189488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=189488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=189488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}