{"id":195462,"date":"2026-05-31T16:23:46","date_gmt":"2026-05-31T20:23:46","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195462"},"modified":"2026-05-31T16:23:46","modified_gmt":"2026-05-31T20:23:46","slug":"tech-talk-for-monday-june-1st-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/05\/31\/tech-talk-for-monday-june-1st-2026\/","title":{"rendered":"Tech Talk for Monday June 1st 2026"},"content":{"rendered":"<p><font size=\"5\"><strong>The Bottom Line<\/strong><\/font><\/p>\n<p><b>What was the agreement announced by the U.S. and Iran late on Friday?<\/b> Media news announced the following agreement:<\/p>\n<ul>\n<li>Reopening of the Strait of Hormuz<\/li>\n<li>A stop in military hostilities for the next 60 days<\/li>\n<li>Continued negotiations on removal of Iran\u2019s high grade nuclear material and on the winding down of Iran\u2019s ballistic missile program.<\/li>\n<\/ul>\n<p>Final approval on the agreement by the new Ayatollah and by President Trump has yet to be announced. <b>U.S. equity indices closed near all-time highs on Friday, but were virtually unchanged following the news. More news on the event this week is expected to impact world equity prices, one way or the other.<\/b><\/p>\n<p><font size=\"5\"><strong>Earnings and Revenue 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><\/b><\/p>\n<p><b>Analysts increased their 2026 earnings and revenue estimates again last week: <\/b>97% of companies have reported first quarter results to date: 85% have reported higher than consensus earnings and 81% have reported higher than consensus revenues.<\/p>\n<ul>\n<li>Consensus for <b>first quarter 2026<\/b> earnings increased to 28.6% earnings gain from a 28.4% gain last week. Revenue gains increased to 11.8% from 11.6%.<\/li>\n<li>Consensus for <b>second quarter 2026<\/b> earnings gains increased to 21.6% from 21.0% last week. Consensus for revenue gains increased to 12.0% from 11.5%.<\/li>\n<li>Consensus for <b>third quarter 2026<\/b> earnings gains increased to 24.8% from 24.2%.last week. Consensus for revenue gains increased to 10.6% from 10.2%.<\/li>\n<li>Consensus for <b>fourth quarter 2026<\/b> earnings gains increased to 22.3% from 21.7%. Revenue gains slipped to 10.1% from 10.4%.<\/li>\n<li><b>For all of 2026<\/b>, consensus for earnings gains increased to 22.6% from 22.1%. Consensus for revenue gains increased to 10.7% from 10.4%.<\/li>\n<\/ul>\n<p><font size=\"5\"><strong>Economic News This Week<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.MarketWatch.com\">www.MarketWatch.com<\/a><\/p>\n<p><b><\/b><\/p>\n<p><b>May ISM Manufacturing Index<\/b> released at 10:00 AM EDT on Monday is expected to increase to 53.2 from 52.7 in November. <\/p>\n<p><b>April U.S. Construction Spending<\/b> released at 10:00 AM EDT on Monday is expected to increase 0.3% versus a 0.6% increase in March.<\/p>\n<p><b>April U.S. Factory Orders<\/b> released at 10:00 AM EDT on Wednesday are expected to increase 4.3% versus a 1.5% increase in March.<\/p>\n<p><b>May ISM Services Index<\/b> released at 10:00 AM EDT on Wednesday are expected to increase to 53.9 from 53.6 in April.<\/p>\n<p><b>Beige Book<\/b> is released at 2:00 PM EDT on Wednesday.<\/p>\n<p><b>First quarter U.S. Productivity<\/b> released at 8:30 AM EDT on Thursday is expected to increase 0.6% versus a 0.8% previous increase.<\/p>\n<p><b>May U.S. Non-farm Payrolls <\/b>released at 8:30 AM EDT on Friday is expected to drop to 90,000 from 115,000 in April. <b>May U.S. Unemployment Rate <\/b>is expected to be unchanged from April at a 4.3%..<b> May Hourly Wages<\/b> are expected to increase 0.3% versus a 0.2% increase in April. <b>On a year-over-year basis, May Hourly Wages<\/b> are expected to increase 3.4% versus a 3.6% increase in April.<\/p>\n<p><font size=\"5\"><strong>Selected Earnings News This Week<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.Investing.com\">www.Investing.com<\/a><\/p>\n<p><b><\/b><\/p>\n<p><b><i>Monday<\/i><\/b><i>: Hewlett Packard<\/i><\/p>\n<p><i><\/i><\/p>\n<p><b><i>Tuesday:<\/i><\/b><i> Palo Alto, Dollar General, Ulta Beauty<\/i><\/p>\n<p><i><\/i><\/p>\n<p><b><i>Wednesday<\/i><\/b><i>: Broadcom, CrowdStrike, Medtronic<\/i><\/p>\n<p><i><\/i><\/p>\n<p><b><i>Thursday:<\/i><\/b><i> Saputo, Lulu lemon, Rubrik<\/i><\/p>\n<p><em><\/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\/05\/changes-june-1.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"changes june 1\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"changes june 1\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/changes-june-1_thumb.jpg\" width=\"244\" height=\"168\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Technical Notes for Friday<\/strong><\/font><\/p>\n<p><b>Italy iShares<\/b> (EWI) moved above $59.67 to an all-time high extending an intermediate uptrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image-20.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-20.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p><b>Microsoft <\/b>(MSFT) a Dow Jones Industrial Average stock moved $432.76 resuming an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image-21.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-21.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p><b>Atlassian<\/b> (TEAM) a NASDAQ 100 stock moved above $96.32 resuming an intermediate uptrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image-22.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-22.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p><b>Okta <\/b>(OKTA) a NASDAQ 100 stock moved above $97.45 resuming an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image-23.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-23.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><font size=\"5\"><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/traders-corner-june-1.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"traders corner june 1\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"traders corner june 1\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/traders-corner-june-1_thumb.jpg\" width=\"244\" height=\"206\" \/><\/a><\/font><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for May 29<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/spx-june-1.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"spx june 1\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"spx june 1\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/spx-june-1_thumb.jpg\" width=\"244\" height=\"117\" \/><\/a><\/p>\n<p><i><font color=\"#00ff00\">Green:<\/font><\/i><i><font color=\"#00ff00\"> Increase from previous day<\/font> <\/i><i><\/i><\/p>\n<p><font color=\"#ff0000\"><i>Red:<\/i><i> Decrease from previous day<\/i><\/font><\/p>\n<p><i>Source for all positive seasonality ratings: <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a><\/i><i> <\/i><\/p>\n<p><i>     <br \/><\/i><\/p>\n<p><i><\/i><\/p>\n<p><font size=\"4\"><strong>Commodities<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Commodities Trends for May 29<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/crb-june-1.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"crb june 1\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"crb june 1\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/crb-june-1_thumb.jpg\" width=\"244\" height=\"137\" \/><\/a><\/p>\n<p><b><\/b><\/p>\n<p><i><font color=\"#00ff00\">Green: Increase from previous day<\/font> <\/i><\/p>\n<p><i><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/i><\/p>\n<p><em><\/em><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for May 29<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/xlk-june-1.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"xlk june 1\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"xlk june 1\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/xlk-june-1_thumb.jpg\" width=\"244\" height=\"169\" \/><\/a><\/p>\n<p><i><font color=\"#00ff00\">Green: Increase from previous day<\/font> <\/i><\/p>\n<p><i><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/i><\/p>\n<p><em><\/em><\/p>\n<p><font size=\"5\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><b>Michael Campbell\u2019s Money Talks for May 30<sup>th<\/sup> <\/b><\/p>\n<p><a href=\"https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/?mc_cid=a6d0be3198&amp;mc_eid=592546b4b5\">Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n<p><b><\/b><\/p>\n<p><b>Dan Niles: Don&#8217;t Go Broke Trying To Call The AI Bubble Peak<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=sFG5oC_zdVc\">Dan Niles: Don&#8217;t Go Broke Trying To Call The AI Bubble Peak \u2013 YouTube<\/a><\/p>\n<p><b>Market Game Plan: The DELL Insanity, Consumer Crash, Oil &#8216;Deal&#8217; And Top Trades<\/b><\/p>\n<p><b>Verified Investing<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=9a1nXY_RM6U\">Market Game Plan: The DELL Insanity, Consumer Crash, Oil &#8216;Deal&#8217; And Top Trades \u2013 YouTube<\/a><\/p>\n<p><b>The Algos Took It Up. They&#8217;ll Take It Down Twice as Fast.: Guy Adami, Dan Nathan, Liz Thomas (Note Factset earnings estimate study)<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=h4AI7Pt8ELc\">The Algos Took It Up. They&#8217;ll Take It Down Twice as Fast. \u2013 YouTube<\/a><\/p>\n<p><b>Semis Weaken, but Watch these Three Areas | Weekly Market Recap May 29th, 2026: Tom Bowley<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=4_chHWh_rVg\">https:\/\/www.youtube.com\/watch?v=4_chHWh_rVg<\/a><\/p>\n<p><b>Canada\u2019s Bubble of Everything is Bursting: Bob Hoye<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/05\/canadas-bubble-of-everything-is-bursting-bob-hoye\/\">https:\/\/www.howestreet.com\/2026\/05\/canadas-bubble-of-everything-is-bursting-bob-hoye\/<\/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\/05\/image-24.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-24.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The intermediate term Barometer dropped 2.20 on Friday and dropped 3.60 last week to 54.40. It remained Neutral.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image-25.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-25.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The short term (20 days) Barometer dropped 3.80 on Friday and dropped 8.40 to 51.00. It remained Neutral.<\/p>\n<p>The long term Barometer slipped 0.80 on Friday and slipped 0.20 last week to 59.20. 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\/05\/image-26.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-26.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 1.82 on Friday and 4.09 last week to 61.82. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image-27.png\"><img loading=\"lazy\" decoding=\"async\" title=\"image\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"image\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/05\/image_thumb-27.png\" width=\"244\" height=\"153\" \/><\/a><\/p>\n<p>The short term (20 days) Barometer added 3.64 on Friday and gained 2.27 last week to 59.09. It remains Neutral.<\/p>\n<p>The long term Barometer added 3.18 on Friday and gained 5.46 last week to 76.82. It remains Overbought.<\/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 What was the agreement announced by the U.S. and Iran late on Friday? Media news announced the following agreement: Reopening of the Strait of Hormuz A stop in military hostilities for the next 60 days Continued negotiations on removal of Iran\u2019s high grade nuclear material and on the winding down of Iran\u2019s [&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-195462","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195462","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=195462"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195462\/revisions"}],"predecessor-version":[{"id":195463,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195462\/revisions\/195463"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}