{"id":195618,"date":"2026-06-04T21:06:42","date_gmt":"2026-06-05T01:06:42","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195618"},"modified":"2026-06-05T08:53:46","modified_gmt":"2026-06-05T12:53:46","slug":"tech-talk-for-friday-june-5th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/04\/tech-talk-for-friday-june-5th-2026\/","title":{"rendered":"Tech Talk for Friday June 5th 2026"},"content":{"rendered":"

Pre-opening Comments for Friday June 5th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were lower this morning<\/b>. S&P 500 futures were down 50 points at 8:35 AM EDT<\/em><\/p>\n

S&P 500 futures dropped 9 points following release of the May U.S. Employment Report at 8:30 AM EDT. May U.S. Non-farm Payrolls <\/b>was expected to drop to 90,000 from 115,000 in April. Actual was an increase to 172,000. May U.S. Unemployment Rate <\/b>was expected to be unchanged from April at a 4.3%. Actual was <\/b>unchanged at 4.3%.May Hourly Wages<\/b> were expected to increase 0.3% versus a 0.2% increase in April. Actual was a 0.3% increase. On a year-over-year basis, May Hourly Wages<\/b> were expected to increase 3.4% versus a 3.6% increase in April. Actual was a 3.4% increase.<\/em><\/p>\n

The Canadian Dollar moved higher after Canada\u2019s May Unemployment<\/b> released at 8:30 AM EST increase to 87,500 versus consensus estimate at 10,000. May Unemployment Rate dropped to 6.6%.<\/em><\/p>\n

Lulu Lemon<\/b> (LULU) dropped $12.22 to $112.88 after issuing annual revenue guidance below consensus. <\/em><\/p>\n

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Guidewire Software<\/b> (GWRE) dropped $22.43 to $127.74 after issuing full year guidance below consensus.<\/em> <\/p>\n

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EquityClock\u2019s Market Outlook for June 5th<\/sup><\/em><\/font><\/strong><\/p>\n

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Playing on the right side of the seasonal trade in Health Care and Defense. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/06\/04\/stock-market-outlook-for-june-5-2026\/<\/em><\/a><\/p>\n

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Is SpaceX IPO Overpriced? Mark Leibovit<\/em><\/strong><\/font><\/p>\n

Is SpaceX IPO Over Priced? \u2013 HoweStreet<\/em><\/a><\/p>\n

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

Biotech ETF<\/b> (FBT) moved above $224.94 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable on a real and relative basis until July 20th<\/sup>. See seasonality chart at www.equityclock.com<\/a><\/p>\n

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Citigroup<\/b> \u00a9 an S&P 100 stock moved above $134.65 to a 17 year high extending an intermediate uptrend.<\/p>\n

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Abbott Labs<\/b> (ABT) an S&P 100 stock moved $89.34 completing a double bottom pattern. Seasonal influences are favourable on a real and relative basis until the end of July. See seasonality chart at www.equityclock.com<\/a><\/p>\n

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American Tower<\/b> (AMT) an S&P 100 stock moved above $198.52 extending an intermediate uptrend. Seasonal influences are favourable until July 11th<\/sup>. See seasonality chart at www.EquityClock.com<\/a><\/p>\n

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VALE <\/b>(VALE) one of the largest base metals producers in the world moved below $15.78 completing a double top pattern.<\/p>\n

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T-Mobile<\/b> (TMUS) an S&P 100 stock moved below $179.52 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 June 4th<\/sup> 2026<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Commodities Trends for June 4th<\/sup> 2026<\/p>\n

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

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

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

Daily Seasonal\/Technical Sector Trends for June 4th<\/sup> 2026<\/p>\n

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

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

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

The Market Still Looks Bullish \u2014 But Something Changed: Tom Bowley<\/b><\/p>\n

The Market Still Looks Bullish \u2014 But Something Changed \u2013 YouTube<\/a><\/p>\n

The Oil Supply Shock Investors May Be Missing: Ninepoint Partners<\/b><\/p>\n

The Oil Supply Shock Investors May Be Missing \u2013 YouTube<\/a><\/p>\n

AI BUBBLE BURSTING? Broadcom & CrowdStrike Shock The Market! Verified Investing<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=fAnErg4nyp8<\/a><\/p>\n

Tech Breakdown Ahead? Managing Risk as Broadcom & CrowdStrike Slump Post-Earnings | CHART THIS: Dave Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=jqH318MOVcs<\/a><\/p>\n

MRKT Call – Thursday, June 4th<\/sup>: Guy Adami and Dan Nathan<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=U56KysQbB60<\/a><\/p>\n

Something Just Changed In The Stock Market: Patrick Ceresna<\/b><\/p>\n

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

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Tech Sector Is Breaking: The Technical Traders<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=bSkE6PD8QNw<\/a><\/p>\n

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"Start Investing In These Sectors…" – Martin Armstrong<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=rQxvhrx1jYw<\/a><\/p>\n

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

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The intermediate Barometer added 6.00 to 56.00. It remains Neutral.<\/p>\n

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The short term (20 days) Barometer jumped 10.40 to 61.00. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

The long term Barometer added 2.60 to 58.60. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer added 3.18 to 64.55. It remains Overbought.<\/p>\n

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The short term (20 days) Barometer added 4.55 to 62.73. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

The long term Barometer added 0.45 to 69.09. 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 Friday June 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points at 8:35 AM EDT S&P 500 futures dropped 9 points following release of the May U.S. Employment Report at 8:30 AM EDT. May U.S. Non-farm Payrolls was expected to drop to 90,000 from 115,000 […]<\/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-195618","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195618","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=195618"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195618\/revisions"}],"predecessor-version":[{"id":195624,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195618\/revisions\/195624"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}