{"id":194794,"date":"2026-05-05T20:46:37","date_gmt":"2026-05-06T00:46:37","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=194794"},"modified":"2026-05-06T08:45:18","modified_gmt":"2026-05-06T12:45:18","slug":"tech-talk-for-wednesday-may-6th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/05\/05\/tech-talk-for-wednesday-may-6th-2026\/","title":{"rendered":"Tech Talk for Wednesday May 6th 2026"},"content":{"rendered":"

Pre-opening Comments for Wednesday May 6th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> Futures responded to anticipation of an agreement between the U.S. and Iran that will re-open the Strait of Hormuz. S&P 500 futures were up 56 points at 8:30 AM EST.<\/em><\/p>\n

Alphabet <\/b>(GOOGL) advanced $5.99 to $394.42 after Anthropic announced purchase of GOOGL chips valued at $200 billion over the next five years.<\/em><\/p>\n

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Advanced Micro Devices<\/b> (AMD) added $ 26.10 to 382.00 after reporting higher than consensus first quarter revenues and earnings. The company also released positive second quarter guidance. <\/em><\/p>\n

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Super Micro Computers<\/b> (SMCI) gained $4.47 to $32.30 after reporting higher-than-consensus first quarter results.<\/em> <\/p>\n

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Arista Networks<\/b> (ANET) dropped after reporting less than consensus first quarter results.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for May 6th<\/sup><\/strong><\/font><\/em><\/p>\n

Waning selling pressures heading into the optimal holding period for Health Care providing an intriguing setup. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/05\/05\/stock-market-outlook-for-may-6-2026\/<\/em><\/a><\/p>\n

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

Microchip Technology<\/b> (MCHP) a NASDAQ 100 stock moved above $95.71 to an all-time high extending an intermediate uptrend.<\/p>\n

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Suncor <\/b>(SU.TO) a TSX 60 stock moved above Cdn$94.34 to an all-time high extending an intermediate uptrend.<\/p>\n

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Strength in Suncor was a major reason why the TSX Energy iShares<\/b> (XEG.TO) moved above Cdn$27.90 to an all-time high extending an intermediate uptrend <\/p>\n

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Ditto for BMO Equal Weight Cdn Oil ETF<\/b> (ZEO.TO) on a move above Cdn$107.00 to an all-time-high extending an intermediate uptrend. <\/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 May 5th<\/sup> 2026<\/p>\n

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

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

Source for all positive seasonality ratings: www.EquityClock.com<\/a><\/i> <\/i><\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for May 5th<\/sup> 2026<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for May 5th<\/sup> 2026<\/p>\n

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

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

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

Trading Places Live! May 5, 2026 Tom Bowley<\/b><\/p>\n

Note comments on \u201cSell in May and Go Away\u201d and uses of seasonality<\/b><\/p>\n

Trading Places Live! May 5, 2026 \u2013 YouTube<\/a><\/p>\n

Tech SURGES as Oil Cools: Is the Bull Market Unstoppable? Key Levels To Trade, Stocks, Bitcoin, Gold: Verified Investing<\/b><\/p>\n

Tech SURGES as Oil Cools: Is the Bull Market Unstoppable? Key Levels To Trade, Stocks, Bitcoin, Gold \u2013 YouTube<\/a><\/p>\n

Every Warning Light Is On & This Market Doesn’t Care: Guy Adami and Danny Moses<\/b><\/p>\n

Every Warning Light Is On & This Market Doesn’t Care \u2013 YouTube<\/a><\/p>\n

MRKT Call – Tuesday, May 5th<\/sup>: Guy Adami and Dan Nathan<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=hO7yLWrkXO4<\/a><\/p>\n

Top 10 Charts for May 2026 – New Highs and Strong Trends: Dave Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=22ZJ0ALhJVs<\/a><\/p>\n

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

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The intermediate term Barometer added 1.40 to 52.80. It remains Neutral.<\/p>\n

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The short term Barometer added 4.00 to 50.40. It remains Neutral.<\/p>\n

The long term Barometer added 0.20 to 55.80. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer added 1.82 to 53.64. It remains Neutral.<\/p>\n

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The short term (20 days) Barometer added 1.82 to 51.36. It remains Neutral.<\/p>\n

The long term Barometer added 0.45 to 70.00. 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 Wednesday May 6th U.S. equity index futures were higher this morning. Futures responded to anticipation of an agreement between the U.S. and Iran that will re-open the Strait of Hormuz. S&P 500 futures were up 56 points at 8:30 AM EST. Alphabet (GOOGL) advanced $5.99 to $394.42 after Anthropic announced purchase of […]<\/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-194794","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194794","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=194794"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194794\/revisions"}],"predecessor-version":[{"id":194804,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194794\/revisions\/194804"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=194794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=194794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=194794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}