{"id":195501,"date":"2026-06-01T18:41:08","date_gmt":"2026-06-01T22:41:08","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195501"},"modified":"2026-06-02T08:55:10","modified_gmt":"2026-06-02T12:55:10","slug":"tech-talk-for-tuesday-june-2nd-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/01\/tech-talk-for-tuesday-june-2nd-2026\/","title":{"rendered":"Tech Talk for Tuesday June 2nd 2026"},"content":{"rendered":"

Pre-opening Comments for Tuesday June 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 12 points at 8:30 AM EST<\/em><\/p>\n

Alphabet <\/b>dropped $9.64 to $362.94 after announcing an $80 billion share capital raise.<\/em><\/p>\n

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HPE<\/b> advanced $11.80 to $58.80 after raising its revenue outlook.<\/em><\/p>\n

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Marvell Technologies<\/b> gained $48.71 to $268.00 after Nvidia\u2019s Huang said that the stock could join the trillion dollar club.<\/em><\/p>\n

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Dollar General<\/b> added $5.09 to $114.96 after the company reported higher than consensus first quarter results. The company also issued positive guidance. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

Oil and yields re-ememging as threats to the market, particularly in high-flying tech names. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/06\/01\/stock-market-outlook-for-june-2-2026\/<\/em><\/a><\/p>\n

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

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

S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included Workday<\/b> (WDAY) on a move above $153.90, Salesforce.com<\/b> (CRM) on moves above $193.56 and $204.34, Okta <\/b>(OKTA) on a move above $127.57, IBM<\/b> (IBM) on a move above $320.70 and DexCom<\/b> (DXCM) on a move above $75.97<\/p>\n

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S&P 100 and NASDAQ 100 stocks moving below support extending intermediate downtrends included Procter & Gamble<\/b> (PG) on a move below $139.69, Southern Companies<\/b> (SO) on a move below $90.85, Copart <\/b>(CPRT) on a move below $32.20, Linde <\/b>(LIN) on a move below $490.40, AstraZeneca<\/b> (AZN) on a move below $180.00, American Electric Power<\/b> (AEP) on a move below $124.18, Chipotle Mexican Grill<\/b> (CMG) on a move below $30.60 and Xcel Energy<\/b> (XEL) on a move below $76.18<\/p>\n

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S&P \/TSX Technology iShares<\/b> (XIT.TO) moved above Cdn$75.29 extending an intermediate uptrend. Most of the strength came from gains by Constellation Software.<\/p>\n

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Constellation Software<\/b> (CSU.TO) a TSX 60 stock moved above Cdn$2,999.37 completing a double bottom 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 June 1st<\/sup> 2026<\/p>\n

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Green: 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

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


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

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

Daily Seasonal\/Technical Commodities Trends for June 1st<\/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

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

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

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

Daily Seasonal\/Technical Sector Trends for June 1st<\/sup> 2026<\/p>\n

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

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

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

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

MRKT Call – Monday, June 1st<\/sup>: Guy Adami, Dan Nathan and Carter Worth<\/b><\/p>\n

(Note ratio charts: S&P 500 Equal Weight versus Actual<\/em>)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=h1HRVkeT2EM<\/a><\/p>\n

We could see some of the biggest stock market gains in our lifetime after 2026: Fundstrat’s Tom Lee<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=gpxPwY5apDg<\/a><\/p>\n

TECH IS UNSTOPPABLE! Software RIPS Again, Nvidia CRUSHES Rivals (Key S&P 500 Levels!)<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=U5-uhsqBDrY<\/a><\/p>\n

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

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The intermediate term Barometer dropped 1.40 to 53.00. It remains Neutral.<\/p>\n

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The short term (20 days) Barometer dropped 4.20 to 46.80. It remains Neutral.<\/p>\n

The long term Barometer dropped 3.80 to 55.40. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer slipped 0.45 to 61.36. It remains Overbought. <\/p>\n

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The short term (20 days) Barometer dropped 2.73 to 56.36. It remains Neutral.<\/p>\n

The long term Barometer dropped 3.64 to 73.18. 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 Tuesday June 2nd U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST Alphabet dropped $9.64 to $362.94 after announcing an $80 billion share capital raise. HPE advanced $11.80 to $58.80 after raising its revenue outlook. Marvell Technologies gained $48.71 to $268.00 after […]<\/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-195501","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195501","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=195501"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195501\/revisions"}],"predecessor-version":[{"id":195511,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195501\/revisions\/195511"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}