{"id":195924,"date":"2026-06-16T19:30:14","date_gmt":"2026-06-16T23:30:14","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195924"},"modified":"2026-06-17T08:49:00","modified_gmt":"2026-06-17T12:49:00","slug":"tech-talk-for-wednesday-june-17th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/16\/tech-talk-for-wednesday-june-17th-2026\/","title":{"rendered":"Tech Talk for Wednesday June 17th 2026"},"content":{"rendered":"

Pre-opening Comments for Wednesday June 17th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 6 points at 8:35 AM EDT.<\/em><\/p>\n

Focus today is on the FOMC meeting<\/b> headed by its new chairman, Kevin Warsch. Results of the meeting are released at 2:00 AM EDT followed by comments by Kevin Warsch at 2:30 PM EST. Consensus calls for no change in the Fed Fund Rate currently at 3.50%-3.75%. <\/em><\/p>\n

S&P 500 futures added 3 points following release of the May U.S. Retail Sales Report<\/b> at 8:30 AM EDT. Consensus called for a 0.6% increase versus a 0.5% increase in April. Actual was a 0.9% increase.<\/em><\/p>\n

La-z-boy<\/b> (LZB) added $4.95 to $40.01 after reporting higher than consensus fiscal fourth quarter earnings. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 17th<\/sup><\/strong><\/font><\/em><\/p>\n

Outside reversal candlesticks in a key Technology subsector highlight upside exhaustion. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/06\/16\/stock-market-outlook-for-june-17-2026\/<\/em><\/a><\/p>\n

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

Japan iShares<\/b> (EWJ) moved above $93.77 to an all-time high extending an intermediate uptrend.<\/p>\n

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GE Aerospace<\/b> (GE) an S&P 100 stock moved above $347.97 to an all-time high extending an intermediate uptrend. <\/p>\n

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Oil Service ETF<\/b> (OIH) moved below $416.28 and $412.02 completing a Head & Shoulders pattern.<\/p>\n

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First Trust Natural Gas ETF<\/b> (FCG) moved below $27.50 completing a double top pattern. <\/p>\n

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Bank of America (BAC) an S&P 100 stock moved above $56.93 to an all-time high extending an intermediate uptrend. <\/p>\n

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American Express<\/b> (AXP) a Dow Jones Industrial Average stock moved above $339.98 extending an intermediate uptrend.<\/p>\n

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Fortis<\/b> (FTS.TO) a TSX 60 stock moved above Cdn$80.02 to an all-time high extending an intermediate uptrend. <\/p>\n

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Gildan <\/b>(GIL.TO) a TSX 60 stock moved below Cdn$74.15 setting 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 16th<\/sup> 2026<\/p>\n

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

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

Daily Seasonal\/Technical Commodities Trends for June 16th<\/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

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

Daily Seasonal\/Technical Sector Trends for June 16th<\/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


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

Is the AI Bottleneck Trade Nearing Exhaustion? Guy Adami and Dan Nathan<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=UpE42ZZG5rk<\/a><\/p>\n

The market is about ready to top, and take back your gains! TheTechnicalTraders<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=Nfaov5awBBg<\/a><\/p>\n

Trading Places Live! June 16, 2026: Tom Bowley<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=JejNfBEFpT0<\/a><\/p>\n

WARNING: Bond Market Flashes Danger! + SpaceX Lock-Up Math Explained<\/b><\/p>\n

Verified Investing<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=tJxSM2laqZQ<\/a><\/p>\n

CHART THIS with Dave Keller Tuesday 6\/16\/26<\/b><\/p>\n

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

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

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The intermediate term Barometer added 2.20 to 66.00. It remains Overbought. Daily uptrend was extended.<\/p>\n

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The short term (20 days) Barometer dropped 2.20 to 68.80. It remains Overbought.<\/p>\n

The long term Barometer added 1.60 to 64.20. It remains Overbought. Daily uptrend was extended.<\/p>\n

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

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The intermediate term Barometer added 3.18 to 59.55. It remains Neutral. <\/p>\n

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The short term (20 days) Barometer added 1.82 to 68.64. It remains Overbought.<\/p>\n

The long term Barometer added 1.36 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 Wednesday June 17th U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EDT. Focus today is on the FOMC meeting headed by its new chairman, Kevin Warsch. Results of the meeting are released at 2:00 AM EDT followed by comments by Kevin Warsch […]<\/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-195924","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195924","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=195924"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195924\/revisions"}],"predecessor-version":[{"id":195928,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195924\/revisions\/195928"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}