{"id":194989,"date":"2026-05-12T19:23:15","date_gmt":"2026-05-12T23:23:15","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=194989"},"modified":"2026-05-13T08:53:12","modified_gmt":"2026-05-13T12:53:12","slug":"tech-talk-for-wednesday-may-13th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/05\/12\/tech-talk-for-wednesday-may-13th-2026\/","title":{"rendered":"Tech Talk for Wednesday May 13th 2026"},"content":{"rendered":"

Pre-opening Comments for Wednesday May 13th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were mixed this morning.<\/b> S&P 500 futures were down 1 point at 8:35 AM EST. <\/em><\/p>\n

S&P 500 futures dropped 12 points following release of the April U.S. Producer Price Index<\/b> at 8:30 AM EST. Consensus called for a 0.5% increase versus a 0.5% increase in March. Actual was a 1.4% increase. Excluding food and energy<\/b>, consensus called a 0.3% increase versus a 0.2% increase in March. Actual was a 1.0% increase.<\/em><\/p>\n

Copper<\/b> added $0.05 to an all-time high at $6.67 per lb. <\/em><\/p>\n

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Nvidia <\/b>(NVDA) <\/b>added $4.42 to $225.20 on news that CEO Jensen Huang has joined President Trump\u2019s business travels to China. Bank of America raised its target on the stock from $300 to $320.<\/em><\/p>\n

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Nebius Group<\/b> (NBIS) advanced $21.40 to $225.20 after reporting higher than consensus first quarter revenues.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for May 13th<\/sup><\/strong><\/font><\/em><\/p>\n

The cues have stacked up to take defensive action in portfolios during this normally week mid-May period for stocks. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/05\/12\/stock-market-outlook-for-may-13-2026\/<\/em><\/a><\/p>\n

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

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

Base Metals ETN<\/b> (DBB) (1\/3 each in copper, zinc and aluminum) moved above $26.02 to an all-time high extending an intermediate uptrend. <\/p>\n

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Copper Miners ETF<\/b> (COPX) moved above $89.01 extending an intermediate uptrend.<\/p>\n

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Global Base Metals iShares <\/b>(XBM.TO) moved above Cdn$38.33 to an all-time high changing trend from neutral to up <\/p>\n

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Philip Morris International<\/b> (PM) an S&P 100 company moved above $189.61 to an all-time high extending an intermediate uptrend.<\/p>\n

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Nike <\/b>(NKE) an S&P 100 stock moved below $42.09 extending an intermediate downtrend.<\/p>\n

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WSP Global<\/b> (WSP.TO) a TSX 60 stock moved below Cdn$210.49 extending an intermediate downtrend.<\/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 12th<\/sup> 2026<\/p>\n

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Green:<\/i> Increase from previous day <\/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

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

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

Daily Seasonal\/Technical Commodities Trends for May 12th<\/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

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

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

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

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

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

Daily Seasonal\/Technical Sector Trends for May 12th<\/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

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

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

Consumer prices rose 3.8% annually in April, the highest since May 2023: Rick Santelli<\/b><\/p>\n

Consumer prices rose 3.8% annually in April, the highest since May 2023 \u2013 YouTube<\/a><\/p>\n

Strategas’ Chris Verone talks cracks in the technical market picture<\/b><\/p>\n

Strategas’ Chris Verone talks cracks in the technical market picture \u2013 YouTube<\/a><\/p>\n

Could We See a Big Selloff This Week? | Trading Places Live! May 12, 2026: Tom Bowley<\/b><\/p>\n

Could We See a Big Selloff This Week? | Trading Places Live! May 12, 2026 \u2013 YouTube<\/a><\/p>\n

WARNING: The 18-Year Market Cycle is ENDING. AI Bubble CRASH Imminent? Gareth Soloway<\/b><\/p>\n

WARNING: The 18-Year Market Cycle is ENDING. AI Bubble CRASH Imminent? \u2013 YouTube<\/a><\/p>\n

Price Gap Analysis 101: Bullish vs. Bearish Gap Signals: David Keller<\/b><\/p>\n

Price Gap Analysis 101: Bullish vs. Bearish Gap Signals (stockcharts.com)<\/a><\/p>\n

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

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The intermediate term Barometer added 1.80 to 50.80. It remains Neutral.<\/p>\n

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The short term (20 days) Barometer added 2.00 to 43.80. It remains Neutral.<\/p>\n

The long term Barometer added 0.80 to 55.40. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer dropped 0.45 to 63.64. It remains Overbought.<\/p>\n

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The short term (20 days) Barometer dropped 1.36 to 64.09. It remains Overbought.<\/p>\n

The long term Barometer dropped 0.45 to 74.09. 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 13th U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:35 AM EST. S&P 500 futures dropped 12 points following release of the April U.S. Producer Price Index at 8:30 AM EST. Consensus called for a 0.5% increase versus a 0.5% increase in […]<\/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-194989","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194989","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=194989"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194989\/revisions"}],"predecessor-version":[{"id":194997,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/194989\/revisions\/194997"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=194989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=194989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=194989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}