{"id":195883,"date":"2026-06-15T22:50:09","date_gmt":"2026-06-16T02:50:09","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195883"},"modified":"2026-06-16T08:59:21","modified_gmt":"2026-06-16T12:59:21","slug":"tech-talk-for-tuesday-june-16th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/15\/tech-talk-for-tuesday-june-16th-2026\/","title":{"rendered":"Tech Talk for Tuesday June 16th 2026"},"content":{"rendered":"

Pre-opening Comments for Tuesday June 16th<\/sup><\/strong><\/font><\/em><\/p>\n

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

S&P 500 futures added 2 points following release of May U.S. Housing Starts<\/b> at 8:30 AM EDT. Consensus called for a slip in starts to 1.43 million units versus 1.47 million units in April. Actual was a drop to 1.18 million units.<\/em><\/p>\n

Uber <\/b>(UBER) added $4.00 to $72.85 after announcing new advertising plans<\/em><\/p>\n

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Robinhood<\/b> (HOOD) added $2.33 to $100.45 after announcing plans to cut its workforce by 10%.<\/em><\/p>\n

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Spacex<\/b> (SPCX) added another $17.24 to $209.74 in overnight trade.<\/em><\/p>\n

WTI Crude Oil<\/b> dropped another $2.48 to $78.27 in overnight trade<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 16th<\/sup><\/strong><\/font><\/em><\/p>\n

Stocks jump, Oil drops, and Treasury Yields unchanged? See<\/b>:<\/em><\/p>\n

https:\/\/equityclock.com\/2026\/06\/15\/stock-market-outlook-for-june-16-2026\/<\/em><\/a><\/p>\n

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

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

S&P Money Center Bank SPDRs <\/b>(KBE) moved above $67.36 to an all-time high extending an intermediate uptrend. <\/p>\n

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S&P Regional Bank SPDRs<\/b> (KRE) moved above $73.65 to an all-time high extending an intermediate uptrend. <\/p>\n

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Industrial SPDRs<\/b> (XLI) moved above $178.80 to an all-time high extending an intermediate uptrend. <\/p>\n

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Corn ETN<\/b> (CORN) moved below $16.61 extending an intermediate downtrend. <\/p>\n

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WTI Crude Oil<\/b> (WTIC) dropped below $80.56 per barrel resetting an intermediate downtrend.<\/p>\n

Notable U.S. energy stocks moving below support setting an intermediate downtrend included ExxonMobil<\/b> (XOM) on a move below $141.01 and ConocoPhillips <\/b>(COP) on a move below $111.38<\/p>\n

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TSX Energy iShares<\/b> (XEG.TO) moved below Cdn$25.84 and Cdn$25.66 completing a short term Head & Shoulders pattern. Notable Canadian energy stocks moving below support setting an intermediate downtrend included Suncor <\/b>(SU.TO) on a move below Cdn$84.59 and Cenovus<\/b> (CVE.TO) on a move below Cdn$37.45<\/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 15th<\/sup> 2026<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Commodities Trends for June 15th<\/sup> 2026<\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for June 15th<\/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

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

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

Stocks Rip Higher As Iran Deal Seemingly Finalized: Guy Adami and Dan Nathan<\/b><\/p>\n

Stocks Rip Higher As Iran Deal Seemingly Finalized \u2013 YouTube<\/a><\/p>\n

Best Covered Call ETFs in Canada: Pros and Cons: ValueTrendCanada<\/b><\/p>\n

Best Covered Call ETFs in Canada: Pros and Cons \u2013 YouTube<\/a><\/p>\n

Crude Oil Taps $80 & Stock Rally as Strait of Hormuz Reopens: Schwab Network<\/b><\/p>\n

Crude Oil Taps $80 & Stock Rally as Strait of Hormuz Reopens \u2013 YouTube<\/a><\/p>\n

U.S., Iran agree to tentative deal to end war, reopen Strait of Hormuz: CBC News<\/b><\/p>\n

U.S., Iran agree to tentative deal to end war, reopen Strait of Hormuz \u2013 YouTube<\/a><\/p>\n

‘The damage in certain countries is far worse than let on’: Nuttall on the state of oil<\/b><\/p>\n

‘The damage in certain countries is far worse than let on’: Nuttall on the state of oil \u2013 YouTube<\/a><\/p>\n

CHART THIS with Dave Keller Monday 6\/15\/26<\/b><\/p>\n

$TSXA200R | SharpCharts | StockCharts.com<\/a><\/p>\n

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

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The intermediate term Barometer added 2.80 to 63.80. It remained Overbought. Daily uptrend was extended. <\/p>\n

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The short term (20 days) Barometer slipped 0.40 to 71.00. It remained Overbought.<\/p>\n

The long term Barometer added 1.00 to 62.60. It remained Overbought. Daily uptrend was extended.<\/p>\n

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

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The intermediate term Barometer added 2.27 to 56.36. It remained Neutral.<\/p>\n

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The short term (20 days) Barometer advanced 13.18 to 66.82. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n

The long term Barometer added 4.55 to 71.82. 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 Tuesday June 16th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT. S&P 500 futures added 2 points following release of May U.S. Housing Starts at 8:30 AM EDT. Consensus called for a slip in starts to 1.43 million units versus 1.47 million units […]<\/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-195883","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195883","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=195883"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195883\/revisions"}],"predecessor-version":[{"id":195891,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195883\/revisions\/195891"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}