{"id":194833,"date":"2026-05-06T21:40:29","date_gmt":"2026-05-07T01:40:29","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=194833"},"modified":"2026-05-07T08:45:40","modified_gmt":"2026-05-07T12:45:40","slug":"tech-talk-for-thursday-may-7th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/05\/06\/tech-talk-for-thursday-may-7th-2026\/","title":{"rendered":"Tech Talk for Thursday May 7th 2026"},"content":{"rendered":"

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Pre-opening Comments for May 7th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 11 points at 8:35 AM EST.<\/em><\/p>\n

S&P 500 futures were unchanged following First Quarter U.S Productivity<\/b> released at 8:30 AM EST. Consensus called for a 1.1% increase versus a 1.8% increase in the fourth quarter of 2025. Actual was a 0.8% increase.<\/em><\/p>\n

Zillow<\/b> (Z) dropped $3.72 to $40.81 after issuing guidance below consensus<\/em><\/p>\n

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Door Dash<\/b> (DASH) added $19.07 to $187.04 after reporting higher than consensus first quarter earnings. The company also issued positive second quarter guidance.<\/em> <\/p>\n

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Snap <\/b>(SNAP) dropped $0.36 to $5.75 after issuing a cautious outlook for the second quarter. <\/em><\/p>\n

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Fortinet<\/b> advanced $13.54 to $103.49 after reporting higher than consensus first quarter results. The company also issued positive second quarter guidance. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for May 7th<\/sup><\/strong><\/font><\/em><\/p>\n

Complacency is the highest in years, leaving the market vulnerable to a shock. See: <\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/05\/06\/stock-market-outlook-for-may-7-2026\/<\/em><\/a><\/p>\n

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

Here\u2019s the Next Move After Semiconductors: Tom Bowley<\/strong><\/font><\/em><\/p>\n

https:\/\/www.youtube.com\/watch?v=Lu5iMoZaEZc<\/em><\/a><\/p>\n

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

Emerging Markets iShares<\/b> (EEM) moved above $86.96 to an all-time high extending an intermediate uptrend. <\/p>\n

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Italy iShares<\/b> (EWI) moved above $59.17 to an all-time high extending an intermediate uptrend. <\/p>\n

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Hong Kong iShares<\/b> (EWH) moved above $24.27 to an all-time high extending an intermediate uptrend. <\/p>\n

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BHP<\/b> (BHP) one of the world\u2019s largest base metals miners moved above $81.61 to an all-time high extending an intermediate uptrend. A major contributor to strength in Global Base Metals iShares (XBM.TO)!<\/p>\n

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Shopify<\/b> (SHOP.TO) a TSX 60 stock moved below Cdn$143.00 extending an intermediate downtrend.<\/p>\n

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Loblaw Companies<\/b> (L.TO) a TSX 60 stock moved below Cdn$60.14 completing a Head & Shoulders pattern.<\/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 6th<\/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><\/i><\/p>\n

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

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

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

Daily Seasonal\/Technical Commodities Trends for May 6th<\/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 6th<\/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

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

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

Market Rotation. Where\u2019s the Money Moving Now? Frank Capperelli<\/b><\/p>\n

Market Rotation. Where\u2019s the Money Moving Now? \u2013 YouTube<\/a><\/p>\n

The Mania Nobody Wants to Call a Mania: Guy Adami and Dan Nathan<\/b><\/p>\n

The Mania Nobody Wants to Call a Mania \u2013 YouTube<\/a><\/p>\n

Is the AI Bubble About to Pop Or Can It Go On Forever? <\/b><\/b> AMD Surges 20% & Bitcoin Hits $82,500! Verified Investing<\/b><\/p>\n

Is the AI Bubble About to Pop Or Can It Go On Forever? AMD Surges 20% & Bitcoin Hits $82,500! \u2013 YouTube<\/a><\/p>\n

Why breakouts like Micron’s still work \u2014 my : Dave Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/shorts\/sANY-hsIAc4<\/a><\/p>\n

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

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The intermediate term Barometer added 4.92 to 55.40. It remains Neutral.<\/p>\n

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The short term (20 days) Barometer added 2.00 to 52.40. It remains Neutral.<\/p>\n

The long term Barometer added 2.00 to 52.80. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer added 2.73 to 56.36. It remains Neutral.<\/p>\n

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The short term (20 days) Barometer jumped 7.27 to 58.64. It remains Neutral.<\/p>\n

The long term Barometer added $3.55 to 74.55. 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 May 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points at 8:35 AM EST. S&P 500 futures were unchanged following First Quarter U.S Productivity released at 8:30 AM EST. Consensus called for a 1.1% increase versus a 1.8% increase in the fourth quarter of 2025. […]<\/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-194833","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194833","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=194833"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194833\/revisions"}],"predecessor-version":[{"id":194843,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194833\/revisions\/194843"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=194833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=194833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=194833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}