{"id":193953,"date":"2026-04-05T21:00:32","date_gmt":"2026-04-06T01:00:32","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=193953"},"modified":"2026-04-05T21:00:32","modified_gmt":"2026-04-06T01:00:32","slug":"tech-talk-for-monday-april-6th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/04\/05\/tech-talk-for-monday-april-6th-2026\/","title":{"rendered":"Tech Talk for Monday April 6th 2026"},"content":{"rendered":"<p><font size=\"5\"><strong>The Bottom Line<\/strong><\/font><\/p>\n<p><b>Friday\u2019s U.S. March employment report, released when U.S. equity markets were closed, provided an encouraging surprise for the U.S. economy:<\/b> Consensus called for a 59,000 increase in March Non-farm Payrolls versus a revised 92,000 drop in February. Actual was a 178,000 increase. Consensus for the March Unemployment Rate was unchanged at 4.4% in February. Actual was a drop to 4.3%.<\/p>\n<p><b>Overnight equity markets on Friday were less impressed by the employment report<\/b>: Initially, U.S. equity index futures moved lower due to concerns that higher than expected employment will pressure inflation rates higher.<\/p>\n<p><b>Economic focus this week<\/b> is on the U.S. March Consumer Price Index report released on Friday The report will include the initial shock of higher crude oil prices<\/p>\n<p><b>Corporate earnings reports released this week<\/b> are not expected to influence U.S. equity markets: Only three S&amp;P 500 companies are scheduled to release results. The flood of first quarter reports starts <b>next week<\/b> with a focus on reports by major financial companies.<\/p>\n<p><b>North American equity markets entered their Spring period of seasonal strength last week,<\/b> slightly later than their normal.<\/p>\n<p><font size=\"5\"><strong>Earnings and Revenues Consensus for S&amp;P 500 companies<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.factset.com\">www.factset.com<\/a><\/p>\n<p><b>Analysts increased their 2026 earnings and revenue gains again last week.<\/b><\/p>\n<ul>\n<li>Consensus for <b>first quarter 2026<\/b> calls for a 13.2% earnings increase, up from a 13.0% increase last week. Revenue gains remained at 9.7%.<\/li>\n<li>Consensus for <b>second quarter 2026<\/b> earnings gains increased to 19.1% from18.7%. Consensus for revenue gains increased to 9.7% from 9.2%.<\/li>\n<li>Consensus for <b>third quarter 2026<\/b> earnings gains increased to 21.2% from 20.8%. Consensus for revenue gains slipped to 8.7% from 8.8%.<\/li>\n<li>Consensus for <b>fourth quarter 2026<\/b> earnings gains increased to 19.3% from 19.0%. Revenue gains increased to 8.4% from 8.3%.<\/li>\n<li><b>For all of 2026<\/b>, consensus for earnings gains increased to 17.4% from 17.1%. Consensus for revenue gains increased to 8.8% from 8.6%.<\/li>\n<\/ul>\n<p><font size=\"5\"><strong>Economic News This Week<\/strong><\/font><\/p>\n<p><b>March ISM Services<\/b> released at 10:00 AM EST on Monday are expected to drop to 55.4 from 56.1 in February<\/p>\n<p><b>February Durable Goods Orders<\/b> released at 8:30 AM EST on Tuesday are expected to drop 1.0% versus no change in January.<\/p>\n<p><b>Minutes of the March FOMC meeting<\/b> are released at 2:00 PM EST on Wednesday<\/p>\n<p><b>February Personal Income<\/b> released at 8:30 AM EST on Thursday is expected to increase 0.3% versus a 0.4% increase in January. <b>February Personal Spending <\/b>is expected to increase 0.5% versus a 0.4% increase in January.<\/p>\n<p><b>February Core PCE Price Index<\/b> released at 8:30 AM EST on Thursday is expected to increase 0.4% versus a 0.4% increase in January. On a year-over-year basis, the February Index is expected to increase 3.0% versus a 3.1% increase in January.<\/p>\n<p><b>February Wholesale Inventories<\/b> released at 10:00 AM EST on Thursday are expected to drop 0.5% versus a 0.5% drop in January.<\/p>\n<p><b>March U.S. Consumer Price Index<\/b> released at 8:30 AM EST on Friday is expected to increase 1.0% versus a 0.3% increase in February. On a year-over-year basis, March CPI is expected to increase 3.2% versus a 2.4% increase in February. Excluding food and energy, March CPI is expected to increase 0.3% versus a 0.2% increase in February. On a year-over-year basis, March Core CPI is expected to increase 2.7% versus a 2.5% increase in February.<\/p>\n<p><b>February Factory Orders<\/b> released at 10:00 AM EST on Friday are expected to increase 0.2% versus a 0.1% increase in January.<\/p>\n<p><b>April Consumer Sentiment<\/b> released at 10:00 AM EST on Friday is expected to drop to 52.0 from 55.5 in March.<\/p>\n<p><font size=\"5\"><strong>Selected Earnings News This Week<\/strong><\/font><\/p>\n<p><em>Another quiet week! No major Canadian companies are scheduled.<\/em><\/p>\n<p><b>Tuesday:<\/b> Levi Straus<\/p>\n<p><b>Wednesday<\/b>: Delta Airlines, Constellation Brands<\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image002-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image002\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image002_thumb-1.png\" width=\"244\" height=\"210\" \/><\/a><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for April 2<sup>nd<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image004.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image004\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image004_thumb.png\" width=\"244\" height=\"116\" \/><\/a><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><em>Source for all positive seasonality ratings: <\/em><a href=\"http:\/\/www.EquityClock.com\"><em>www.EquityClock.com<\/em><\/a><\/p>\n<p><font size=\"4\"><strong>Commodities<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Commodities Trends for April 2<sup>nd<\/sup> 2026<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image006.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image006\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image006\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image006_thumb.png\" width=\"244\" height=\"142\" \/><\/a><\/b><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font> <b><\/b><\/em><\/p>\n<p><em>Red: Decrease from previous day<\/em><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for April 2<sup>nd<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image008.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image008\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image008\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image008_thumb.png\" width=\"244\" height=\"165\" \/><\/a><\/p>\n<p><em><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/em><\/p>\n<p><em><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/em><\/p>\n<p><font size=\"5\"><strong>Changes Last Week<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image010.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image010\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image010\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image010_thumb.png\" width=\"244\" height=\"244\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Technical Notes for Thursday<\/strong><\/font><\/p>\n<p><b>General Motors<\/b> (GM) an S&amp;P 100 stock moved below $71.92 setting an intermediate downtrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image011.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image011\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image011\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image011_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Keurig Dr. Pepper<\/b> (KDP) a NASDAQ 100 stock moved below $25.41 setting an intermediate downtrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image012.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image012\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image012\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image012_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><b>Michael Campbell\u2019s Money Talks for April 4<sup>th<\/sup> <\/b><\/p>\n<p><a href=\"https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/?mc_cid=7ad4f2f44f&amp;mc_eid=592546b4b5\">Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n<p><b><\/b><\/p>\n<p><b>Watch This Before Buying the Dip! ValueTrendCanada<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=SBmClJz6Few\">https:\/\/www.youtube.com\/watch?v=SBmClJz6Few<\/a><\/p>\n<p><b>The President Just CRASHED The Market! Is This A Ruse? Oil Spikes Over 10%, Investors In Panic: Verified Investor<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=YOwSs47byB0\">https:\/\/www.youtube.com\/watch?v=YOwSs47byB0<\/a><\/p>\n<p><b>Stocks Keep Slipping \u2014 Here\u2019s What\u2019s Replacing Them: Julius Dekempenaer<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=mh41PIJaJrY\">Stocks Keep Slipping \u2014 Here\u2019s What\u2019s Replacing Them \u2013 YouTube<\/a><\/p>\n<p><b>This Market Keeps Failing \u2014 Is Another Drop Coming? Tom Bowley<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=togoE2DNu_A\">This Market Keeps Failing \u2014 Is Another Drop Coming? \u2013 YouTube<\/a><\/p>\n<p><b>A Key Signal That Suggests a Choppy Market Ahead: Tom Bowley<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/key-stock-market-signal-suggests-choppy-market-ahead\/\">A Key Signal That Suggests a Choppy Market Ahead (stockcharts.com)<\/a><\/p>\n<p><b>QUICK REACTIONS NEEDED TO DEAL WITH CURRENT MARKET &#8211; APRIL 2 PODCAST: Mark Leibovit<\/b><\/p>\n<p><a href=\"https:\/\/markaleibovit.substack.com\/p\/quick-reactions-needed-to-deal-with?utm_source=post-email-title&amp;publication_id=1692784&amp;post_id=193040262&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=2jflw1&amp;triedRedirect=true&amp;utm_medium=email\">QUICK REACTIONS NEEDED TO DEAL WITH CURRENT MARKET &#8211; APRIL 2 PODCAST (substack.com)<\/a><\/p>\n<p><b>A Significant Structural Change in the U.S. Stock Market May Be Underway: Martin Pring<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/significant-structural-change-in-us-stock-market-may-be-underway\/\">A Significant Structural Change in the U.S. Stock Market May Be Underway (stockcharts.com)<\/a><\/p>\n<p><b>Zweig Breadth Thrust Sets Up; How to Identify a Stampede in Upside Participation: Arthur Hill<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/zweig-breadth-thrust-sets-up-how-to-identify-a-stampede-in-upside-participation\/\">Zweig Breadth Thrust Sets Up; How to Identify a Stampede in Upside Participation (stockcharts.com)<\/a><\/p>\n<p><b>The Set Up Continues for Bursting of the Bubble of Everything: Bob Hoye<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/04\/the-set-up-continues-for-bursting-of-the-bubble-of-everything-bob-hoye\/\">https:\/\/www.howestreet.com\/2026\/04\/the-set-up-continues-for-bursting-of-the-bubble-of-everything-bob-hoye\/<\/a><\/p>\n<p><b>Expect One More Big Rally, Then Market Crash: Tim Wood<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/04\/expect-one-more-big-rally-then-market-crash-tim-wood\/\">https:\/\/www.howestreet.com\/2026\/04\/expect-one-more-big-rally-then-market-crash-tim-wood\/<\/a><\/p>\n<p><b>A Market Turn May Be Starting, What to Watch Now: Mary Ellen McGonagle<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/a-market-turn-may-be-starting-what-to-watch-now\/\">A Market Turn May Be Starting, What to Watch Now (stockcharts.com)<\/a><\/p>\n<p><b>Is This Rally Real? What Needs to Improve for a Bullish Case: David Keller<\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/is-this-rally-real-what-needs-to-improve-for-bullish-case\/\">Is This Rally Real? What Needs to Improve for a Bullish Case (stockcharts.com)<\/a><\/p>\n<p><font size=\"5\"><strong>S&amp;P 500 Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image013.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image013\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image013\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image013_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term (50 days) Barometer added another 2.80 on Friday and advanced 10.40 last week to 30.80. It remains Oversold. Daily uptrend was extended on Thursday.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image014.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image014\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image014\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image014_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term (20 days) Barometer jumped 7.00 on Friday and vaulted 38.00 last week to 51.40. It changed from Oversold to Neutral on a recovery above 40.00. Daily uptrend was extended.<\/p>\n<p>The long term Barometer (200 days) was unchanged on Friday and added 5.40 last week to 49.40. It remains Neutral.<\/p>\n<p><font size=\"5\"><strong>TSX Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image015.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image015\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image015\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image015_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer was unchanged on Friday and gained 19.45 last week to 49.77. It changed from Oversold to Neutral on a recovery above 40.00. Daily trend remains up.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image016.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image016\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image016\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/04\/clip_image016_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term (20 days) moving average added 4.98 on Friday and gained 42.98 last week to 71.49. It changed from Oversold to Overbought on a move above 60.00. Daily trend remains up. <\/p>\n<p>The long term (200 days) Barometer added 0.45 on Thursday and gained 1.81 last week to 74.21. It remains Overbought. Daily trend remains up<\/p>\n<p><em><b>Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at <\/em><\/p>\n<p><a href=\"http:\/\/www.equityclock.com\"><em>www.equityclock.com<\/em><\/a><em> 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":"<p>The Bottom Line Friday\u2019s U.S. March employment report, released when U.S. equity markets were closed, provided an encouraging surprise for the U.S. economy: Consensus called for a 59,000 increase in March Non-farm Payrolls versus a revised 92,000 drop in February. Actual was a 178,000 increase. Consensus for the March Unemployment Rate was unchanged at 4.4% [&hellip;]<\/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-193953","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/193953","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=193953"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/193953\/revisions"}],"predecessor-version":[{"id":193954,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/193953\/revisions\/193954"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=193953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=193953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=193953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}