{"id":195655,"date":"2026-06-07T14:37:41","date_gmt":"2026-06-07T18:37:41","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195655"},"modified":"2026-06-07T14:37:41","modified_gmt":"2026-06-07T18:37:41","slug":"tech-talk-for-monday-june-8th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/07\/tech-talk-for-monday-june-8th-2026\/","title":{"rendered":"Tech Talk for Monday June 8th 2026"},"content":{"rendered":"<p><font size=\"5\"><strong>The Bottom Line<\/strong><\/font><\/p>\n<p><b>Good news for the U.S. and Canadian economies was bad news for North American equity markets on Friday<\/b>. May U.S. Non-farm Payrolls increased to 172,000 versus a consensus 90,000 increase. Canada\u2019s May Employment increased 87,500 versus a consensus 10,000 increase. The stock market interpreted the good economic news as a delay in possible interest rate reductions. The S&amp;P 500 dropped 200.57 to 7,283.74 and the TSX Composite Index dropped 803.61 to 34.313.45.<\/p>\n<p><b>Focuses this week are on U.S. inflation reports: May Consumer Price Index report released on Wednesday and May Producer Price Index report released on Thursday. <\/b><\/p>\n<p>Technology focus this week is on Apple\u2019s <b>World Wide Developers Conference<\/b> from June 8<sup>th<\/sup> to June 12<sup>th<\/sup>. Keynote speech featuring Tim Cook\u2019s address and forecasts is released at <\/p>\n<p>10:00 AM Pacific Time on Monday June 8<sup>th<\/sup>.<\/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><\/p>\n<ul>\n<li>Consensus for <b>second quarter 2026<\/b> earnings gains increased to 21.7% from 21.6% last week. Consensus for revenue gains remained at 12.0%.<\/li>\n<li>Consensus for <b>third quarter 2026<\/b> earnings gains increased to 25.1% from 24.8%.last week. Consensus for revenue gains increased to 10.7% from 10.6%.<\/li>\n<li>Consensus for <b>fourth quarter 2026<\/b> earnings gains increased to 22.6% from 22.3%. Revenue gains increased to 10.2% from 10.1%.<\/li>\n<li><b>For all of 2026<\/b>, consensus for earnings gains increased to 22.8% from 22.6%. Consensus for revenue gains increased to 10.8% from 10.7%.<\/li>\n<li><\/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>U.S. May Existing Home Sales<\/b> released at 10:00 AM EDT on Tuesday are expected to be unchanged from April at 4.0 million units.<\/p>\n<p><b>U.S. April Wholesale Trade<\/b> released at 10:00 AM EDT on Tuesday is expected to increase 0.5% versus a 1.3% increase in March.<\/p>\n<p><b>U.S. May Consumer Price Index<\/b> released at 8:30 AM EDT on Wednesday is expected to increase 0.5% versus a 0.6% increase in April. On a year-over-year basis, May CPI is expected to increase 4.2% versus a 3.8% increase in April. Excluding food and energy, May CPI on a year-over-year basis is expected to increase 2.9% versus a 2.8% increase in April.<\/p>\n<p><b>U.S. May Producer Price Index<\/b> released at 8:30 AM EDT on Thursday is expected to increase 0.6% versus a 1.4% increase in April. Excluding food and energy, the May Index is expected to increase 0.4% versus a 1.0% increase in April.<\/p>\n<p><b>Preliminary U.S. June Consumer Sentiment<\/b> released at 10:00 AM EDT on Friday is expected to drop to 45.5 from 48.2 in May.<\/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><i>Quiet week ahead!<\/i><\/p>\n<p><i><\/i><\/p>\n<p><b><i>Monday<\/i><\/b><i>: Campbell Soup<\/i><\/p>\n<p><b><i>Tuesday:<\/i><\/b><i> Cracker Barrel<\/i><\/p>\n<p><b><i>Wednesday<\/i><\/b><i>: Oracle<\/i><\/p>\n<p><b><i>Thursday:<\/i><\/b><i> Adobe, Dollarama, Lennar<\/i><\/p>\n<p><i>     <br \/><\/i><\/p>\n<p><i><\/i><\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image002-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image002\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image002_thumb-5.png\" width=\"244\" height=\"210\" \/><\/a><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for June 5<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image004-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image004\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image004_thumb-5.png\" width=\"244\" height=\"116\" \/><\/a><\/p>\n<p><i><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/i><i> <\/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><\/i><\/p>\n<p><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 June 5<sup>th<\/sup> 2026<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image006-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image006\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image006\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image006_thumb-4.png\" width=\"244\" height=\"141\" \/><\/a><\/b><\/p>\n<p><i>Green: Increase from previous day <\/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 June 5<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image008-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image008\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image008\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image008_thumb-4.png\" width=\"244\" height=\"164\" \/><\/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>Money Talks with Michael Campbell (June 6<sup>th<\/sup> episode)<\/b><\/p>\n<p><a href=\"https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/\">Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n<p><b>Stock Market Crash or Classic Pullback? Major Technical Analysis Reveal, Key Chart Levels To Watch: Verified Investing<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=cb73cvFhCso\">Stock Market Crash or Classic Pullback? Major Technical Analysis Reveal, Key Chart Levels To Watch \u2013 YouTube<\/a><\/p>\n<p><b>May Jobs &quot;Too Good:&quot; Yields Rise to Pressure Stocks &amp; Fed: Schwab Network<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=YB-J-5Uo3s0\">May Jobs &quot;Too Good:&quot; Yields Rise to Pressure Stocks &amp; Fed \u2013 YouTube<\/a><\/p>\n<p><b>Finding the Next Leaders with EPS Momentum | STRONG Earnings + STRONG Price! Dave Keller<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=ucXbQNXlfGg\">Finding the Next Leaders with EPS Momentum | STRONG Earnings + STRONG Price! \u2013 YouTube<\/a><\/p>\n<p><b>&quot;Things will Escalate Next Week&quot; | Martin Armstrong on Iran, Ukraine, Peace, Gold &amp; Bitcoin<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=UUz7YOLVy9o\">https:\/\/www.youtube.com\/watch?v=UUz7YOLVy9o<\/a><\/p>\n<p><b>Ed Yardeni: Friday&#8217;s market stumbles are a healthy development<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=TGXjJYA_LJY\">Ed Yardeni: Friday&#8217;s market stumbles are a healthy development \u2013 YouTube<\/a><\/p>\n<p><b>Weekly Update with Larry Berman &#8211; June 6, 2026<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=hLGh633paaQ\">https:\/\/www.youtube.com\/watch?v=hLGh633paaQ<\/a><\/p>\n<p><b>Is Canada Really in a Recession? Bob Hoye<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/06\/is-canada-really-in-a-recession-bob-hoye\/\">https:\/\/www.howestreet.com\/2026\/06\/is-canada-really-in-a-recession-bob-hoye\/<\/a><\/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\/06\/clip_image010-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image010\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image010\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image010_thumb-4.png\" width=\"244\" height=\"179\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Technical Notes for Friday<\/strong><\/font><\/p>\n<p><b>Australia iShares<\/b> (EWA) moved below $28.48 completing a double top pattern<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image011.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image011\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image011\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image011_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Lithium ETN<\/b> (LIT) moved below $80.57 completing a double top pattern. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image012-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image012\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image012\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image012_thumb-4.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Gold Bullion SPDRs<\/b> (GLD) moved below $399.20 extending an intermediate downtrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image013-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image013\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image013\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image013_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Junior Gold ETF<\/b> (GDXJ) moved below $102.88 extending an intermediate downtrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image014-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image014\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image014\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image014_thumb-4.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Platinum ETN<\/b> (PPLT) moved below $16.44 extending an intermediate downtrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image015-3.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image015\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image015\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image015_thumb-3.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Berkshire Hathaway<\/b> (BRK.B) an S&amp;P 100 stock moved above $489.42 setting an intermediate uptrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image016-4.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image016\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image016\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image016_thumb-4.png\" width=\"244\" height=\"152\" \/><\/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\/06\/clip_image017-3.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image017\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image017\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image017_thumb-3.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer dropped 1.40 to 54.60 on Friday and but added 0.20 last week to 54.80. It remains Neutral<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image018-3.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image018\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image018\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image018_thumb-3.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term (20 days) Barometer slipped 0.60 on Friday and added 9.40 last week to 60.40. It changed last week from Neutral to Overbought on a move above 60.00.<\/p>\n<p>The long term Barometer added 0.60 on Friday and was unchanged last week at 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\/06\/clip_image019-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image019\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image019\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image019_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer plunged 14.55 on Friday and dropped 11.82 last week to 50.00. It changed from Overbought to Neutral on a drop below 60.00. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image020-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image020\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image020\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/06\/clip_image020_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term Barometer plunged 13.84 on Friday and dropped 10.00 last week to 49.09. It changed on Friday from Overbought to Neutral on a drop below 60.00.<\/p>\n<p>The long term Barometer dropped 5.91 on Friday and plunged 13.64 last week to 63.18. It remained Overbought. Daily downtrend was extended. <\/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 Good news for the U.S. and Canadian economies was bad news for North American equity markets on Friday. May U.S. Non-farm Payrolls increased to 172,000 versus a consensus 90,000 increase. Canada\u2019s May Employment increased 87,500 versus a consensus 10,000 increase. The stock market interpreted the good economic news as a delay in [&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-195655","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195655","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=195655"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195655\/revisions"}],"predecessor-version":[{"id":195656,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195655\/revisions\/195656"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}