{"id":195799,"date":"2026-06-11T19:57:16","date_gmt":"2026-06-11T23:57:16","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195799"},"modified":"2026-06-12T08:56:38","modified_gmt":"2026-06-12T12:56:38","slug":"tech-talk-for-friday-june-12th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/11\/tech-talk-for-friday-june-12th-2026\/","title":{"rendered":"Tech Talk for Friday June 12th 2026"},"content":{"rendered":"

Pre-opening Comments for Friday June 12th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 30 points at 8:30 AM EDT.<\/em><\/p>\n

Adobe <\/b>(ADBE) dropped $14.58 to $218.80 despite reporting higher than consensus second quarter results. Weakness was related to news that the company\u2019s Chief Financial Officer is leaving. <\/em><\/p>\n

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Lennar <\/b>(LEN) dropped $1.95 to $93.00 after reporting less than consensus second quarter revenues. <\/em><\/p>\n

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SpaceX <\/b>(SPCX) starts trading this morning. Issue price is $135 per share.<\/em><\/p>\n

Advanced Micro Devices<\/b> (AMD) added another $13.12 to $501.57 after Citigroup upgraded the stock<\/em><\/p>\n

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WTI Crude Oil<\/b> dropped $3.48 to $84.21 in anticipation of an agreement with Iran to halt conflict. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 12th<\/sup><\/strong><\/font><\/em><\/p>\n

The shallowest year-to-date percentage change in initial jobless claims on record (excluding the pandemic) is expressing serious concerns pertaining to the health of the labor market.<\/em><\/b><\/p>\n

See:<\/p>\n

https:\/\/equityclock.com\/2026\/06\/11\/stock-market-outlook-for-june-12-2026\/<\/a><\/p>\n

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

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

Eurozone iShares<\/b> (EZU) moved above $69.44 to an all-time high extending an intermediate uptrend.<\/p>\n

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S&P 100 stocks moving above resistance extending an intermediate uptrend included General Dynamics<\/b> (GD) on a move above $353.57, CVS Health<\/b> (CVS) on a move above $98.43 to an all-time high and Kraft Heinz<\/b> (KHC) on a move above $24.27 and $24.34<\/p>\n

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Autodesk <\/b>(ADSK) an S&P 100 stock moved below $214.10 extending an intermediate downtrend. <\/p>\n

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Pembina Pipeline<\/b> (PPL.TO) a TSX 60 stock moved above Cdn$69.10 to an all-time high extending an intermediate uptrend. <\/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 11th<\/sup> 2026<\/p>\n

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

Red: Decrease from previous day<\/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 11th<\/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 11th<\/sup> 2026<\/p>\n

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

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

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

Here’s Where Money Is Flowing Right Now: Joe Rabil<\/b><\/p>\n

Here’s Where Money Is Flowing Right Now \u2013 YouTube<\/a><\/p>\n

S&P 500 Overvalued? Best TSX Stocks to Own Now: ValueTrendCanada<\/b><\/p>\n

S&P 500 Overvalued? Best TSX Stocks to Own Now \u2013 YouTube<\/a><\/p>\n

INFLATION SHOCK: Hot PPI Data! AI Bubble (SMCI, ORCL) + S&P 500 Trend Change: Verified Investing<\/b><\/p>\n

INFLATION SHOCK: Hot PPI Data! AI Bubble (SMCI, ORCL) + S&P 500 Trend Change \u2013 YouTube<\/a><\/p>\n

MRKT Call – Thursday, June 10th<\/sup>: Guy Adami and Liz Thomas<\/b><\/p>\n

MRKT Call – Thursday, June 10th \u2013 YouTube<\/a><\/p>\n

Tom Bowley | Everything Just Changed In This Market: Now What?<\/b><\/p>\n

Everything Just Changed In This Market \u2014 Now What? (stockcharts.com)<\/a><\/p>\n

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

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The intermediate term Barometer added 6.20 to 57.40. It remained Neutral.<\/p>\n

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The short term (20 days) Barometer added 7.80 to 64.80. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.<\/p>\n

The long term Barometer added 2.00 to 60.80. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.<\/p>\n

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

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The intermediate term Barometer added 0.91 to 50.91. It remained Neutral.<\/p>\n

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The short term Barometer added 4.09 to 52.27. It remained Neutral.<\/p>\n

The long term Barometer added 3.18 to 63.64. It remained 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 12th U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points at 8:30 AM EDT. Adobe (ADBE) dropped $14.58 to $218.80 despite reporting higher than consensus second quarter results. Weakness was related to news that the company\u2019s Chief Financial Officer is leaving. Lennar (LEN) dropped […]<\/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-195799","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195799","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=195799"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195799\/revisions"}],"predecessor-version":[{"id":195809,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195799\/revisions\/195809"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}