{"id":194913,"date":"2026-05-10T22:42:05","date_gmt":"2026-05-11T02:42:05","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=194913"},"modified":"2026-05-10T22:42:05","modified_gmt":"2026-05-11T02:42:05","slug":"tech-talk-for-monday-may-11th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/05\/10\/tech-talk-for-monday-may-11th-2026\/","title":{"rendered":"Tech Talk for Monday May 11th 2026"},"content":{"rendered":"

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

S&P 500 Index and the Nasdaq Composite Index traded to record territory on Friday as the tech rally continued. Strength was bolstered by a stronger-than-expected U.S. jobs report released on Friday and hopes for an Iran peace deal.<\/b><\/p>\n

Focuses this week are on inflation reports:<\/b> U.S. April Consumer Price Index released on Tuesday and U.S Producer Price Index released on Wednesday.<\/p>\n

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

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

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

Analysts increased 2026 earnings and revenue estimates again last week: <\/b>89% of companies have reported quarterly results to date: 84% have reported higher than consensus earnings and 80% have reported higher than consensus revenues.<\/p>\n

\u00b7 Consensus for first quarter 2026<\/b> calls for a 27.7% earnings increase, up from a 27.1% increase last week. Revenue gains remained at 11.3%.<\/p>\n

\u00b7 Consensus for second quarter 2026<\/b> earnings gains slipped to 19.9% from 21.3% last week. Consensus for revenue gains increased to 11.2% from 11.0%.<\/p>\n

\u00b7 Consensus for third quarter 2026<\/b> earnings gains increased to 23.2% from 23.0%. Consensus for revenue gains increased to 9.9% from 9.7%.<\/p>\n

\u00b7 Consensus for fourth quarter 2026<\/b> earnings gains increased to 20.7% from 20.6%. Revenue gains slipped to 9.5% from 9.7%.<\/p>\n

\u00b7 For all of 2026<\/b>, consensus for earnings gains increased to 21.0% from 20.6%. Consensus for revenue gains increased to 10.1% from 9.7%.<\/p>\n

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

April U.S. Existing Home Sales<\/b> released at 10:00 AM EST on Monday are expected to increase to 4.1 million units from 4.0 million units in March.<\/p>\n

April U.S. Consumer Price Index<\/b> released at 8:30 AM EST on Tuesday is expected to increase 0.6% versus a 0.9% increase in March. On a year-over-year basis, April CPI is expected to increase 3.8% versus a 3.3% increase in March. Excluding food and energy, April CPI is expected to increase 0.3% versus a 0.2% increase in March. On a year-over-year basis, April core CPI is expected to increase 2.7% versus a 2.6% increase in March.<\/p>\n

April U.S. Producer Price Index<\/b> released at 8:30 AM EST on Wednesday.is expected to increase 0.6% versus a 0.5% increase in March. Excluding food and energy, April PPI is expected to increase 0.3% versus a 0.2% increase in March.<\/p>\n

April U.S. Retail Sales<\/b> released at 8:30 AM EST on Thursday are expected to increase 0.5% versus a 1.7% increase in March. Excluding auto sales, April Retail Sales are expected to increase 0.6% versus a 1.9% increase in March.<\/p>\n

March U.S. Business Inventories<\/b> released at 10:00 AM EST on Thursday are expected to increase 0.9% versus a 0.4% increase in February.<\/p>\n

March Canadian Housing Starts<\/b> are released at 8:15 AM EST on Friday<\/p>\n

May Empire State Manufacturing Survey<\/b> released at 8:30 AM EST on Friday is expected to slip to 6.5 from 11.0 in April.<\/p>\n

April Industrial Production<\/b> released at 8:30 AM EST on Friday is expected to increase 0.2% versus a 0.5% drop in March. April U.S. Capacity Utilization is expected to increase to 75.8 from 75.7 in March.<\/p>\n

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

Another 11 S&P 500 companies are scheduled to release quarterly results this week (including one Dow Jones Industrial Average company: Intel). Three TSX 60 companies are scheduled to report: Franco-Nevada, Manulife Financial and Brookfield. <\/p>\n

Monday:<\/b> Constellation Energy, Simon Properties, Mosaic<\/p>\n

Tuesday:<\/b> Franco-Nevada, Under Armour, Algoma Steel<\/p>\n

Wednesday:<\/b> Tencent, Cisco, Alibaba, Sony, Manulife Financial<\/p>\n

Thursday:<\/b> Applied Materials, Brookfield, Ross Stores<\/p>\n

Friday:<\/b> Onex<\/p>\n

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

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

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

Daily Seasonal\/Technical Equity Trends for May 8th<\/sup> 2026<\/p>\n

\"clip_image004\"<\/a><\/p>\n

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

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

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

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


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

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

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

Daily Seasonal\/Technical Commodities Trends for May 8th<\/sup> 2026<\/p>\n

\"clip_image006\"<\/a><\/b><\/p>\n

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

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

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

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

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

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

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

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

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

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

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

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

Daily Seasonal\/Technical Sector Trends for May 8th<\/sup> 2026<\/p>\n

\"clip_image008\"<\/a><\/p>\n

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

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

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

Changes Last Week<\/strong><\/font><\/p>\n

\"clip_image010\"<\/a><\/p>\n

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

Nvidia<\/b> (NVDA) an S&P 100 stock moved above $216.82 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image011\"<\/a><\/p>\n

ASML<\/b> (ASML) a NASDAQ 100 stock moved above $1,540.48 to an all-time high extending an intermediate uptrend. <\/p>\n

\"clip_image012\"<\/a><\/p>\n

Monster Beverages<\/b> (MNST) a NASDAQ 100 stock moved above $87.38 to an all-time high extending an intermediate uptrend.<\/p>\n

\"clip_image013\"<\/a><\/p>\n

McDonalds <\/b>(MCD) a Dow Jones Industrial Average company moved below support at $278.63 extending an intermediate downtrend. <\/p>\n

\"clip_image014\"<\/a><\/p>\n

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

Michael Campbell\u2019s Money Talks for May 9th<\/sup> 2026<\/b><\/p>\n

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

The Market is Rotating – Where\u2019s the Money Flowing Now? Frank Cappelleri<\/b><\/p>\n

The Market is Rotating – Where\u2019s the Money Flowing Now? \u2013 YouTube<\/a><\/p>\n

CHART THIS with Dave Keller Friday 5\/8\/26<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=wUDjv_v2-jI<\/a><\/p>\n

Weekly Update with Larry Berman – May 9, 2026<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=wQ5-IGyd2gc<\/a><\/p>\n

Major Crypto Chart Deep Dive: Bitcoin Into Resistance Zone As Altcoins Breakout! Verified Investing<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=k6-Qat-QzQQ<\/a><\/p>\n

This Rally Has a Big Problem \u2014 And It\u2019s Getting Worse : Julius de Kempeneur<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=nrZ9BuldmSc<\/a><\/p>\n

Weekly Update with Larry Berman – May 9, 2026<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=wQ5-IGyd2gc&t=162s<\/a><\/p>\n

New Leaders Are Emerging in This Market Rally: Mary Ellen McGonagle<\/b><\/p>\n

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

Is FOMO Driving Markets to Record Highs? Bob Hoye<\/b><\/p>\n

https:\/\/www.howestreet.com\/2026\/05\/is-fomo-driving-markets-to-record-highs-bob-hoye\/<\/a><\/p>\n

Trading Desk Notes for May 9, 2026: Victor Adair<\/b><\/p>\n

https:\/\/www.howestreet.com\/2026\/05\/trading-desk-notes-for-may-9-2026\/<\/a><\/p>\n

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

\"clip_image015\"<\/a><\/b><\/b><\/p>\n

The intermediate term Barometer dropped 1.80 on Friday and dropped 4.00 last week to 50.80. It remains Neutral.<\/p>\n

\"clip_image016\"<\/a><\/p>\n

The short term (20 days) Barometer dropped 1.20 on Friday and dropped 12.60 last week to 43.20. It remains Neutral. Daily downtrend was extended on Friday.<\/p>\n

The long term Barometer dropped 1.80 on Friday and dropped 1.00 last week to 54.80. It remains Neutral. <\/p>\n

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

\"clip_image017\"<\/a><\/p>\n

The intermediate term Barometer added 5.00 on Friday and added 5.91 last week to 60.91. It changed on Friday from Neutral to Overbought on a move above 60.00. Daily uptrend was extended on Friday.<\/p>\n

\"clip_image018\"<\/a><\/p>\n

The short term Barometer added 3.64 on Friday and gained 9.09 last week to 64.09. It changed last week from Neutral to Overbought on a move above 60.00. Daily uptrend was extended on Friday.<\/p>\n

Long term Barometer was unchanged on Friday and gained 20.00 last week to 75.91. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended on Friday.<\/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":"

The Bottom Line S&P 500 Index and the Nasdaq Composite Index traded to record territory on Friday as the tech rally continued. Strength was bolstered by a stronger-than-expected U.S. jobs report released on Friday and hopes for an Iran peace deal. Focuses this week are on inflation reports: U.S. April Consumer Price Index released on […]<\/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-194913","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194913","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=194913"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194913\/revisions"}],"predecessor-version":[{"id":194914,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194913\/revisions\/194914"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=194913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=194913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=194913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}