{"id":195965,"date":"2026-06-17T22:18:56","date_gmt":"2026-06-18T02:18:56","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=195965"},"modified":"2026-06-18T08:46:44","modified_gmt":"2026-06-18T12:46:44","slug":"tech-talk-for-thursday-june-18th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/17\/tech-talk-for-thursday-june-18th-2026\/","title":{"rendered":"Tech Talk for Thursday June 18th 2026"},"content":{"rendered":"

Pre-opening Comments for Thursday June 18th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 60 points at 8:35 AM EDT.<\/em><\/p>\n

Trading in U.S. equities is expected to be lower than average today prior to the Juneteenth holiday tomorrow.<\/em><\/p>\n

S&P 500 futures were unchanged following release of the June Philadelphia Fed Manufacturing Index<\/b> at 8:30 AM EST. Consensus called for an increase to 9.8 from -0.4 in May. Actual was 10.3<\/em><\/p>\n

Apple<\/b> added $1.63 to $297.58 after announcing price increases for its products. <\/em><\/p>\n

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Smith & Wesson<\/b> added $2.55 to $16.28 after reporting higher than consensus fourth quarter results.<\/em><\/p>\n

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Intel<\/b> advanced $10.45 to $131.55 after reaching an agreement with Apple to manufacture advanced computer chips.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 18th<\/sup> 2026<\/strong><\/font><\/em><\/p>\n

Reaction to the Fed meeting reinforces the risks to equity markets this summer<\/b>. See:<\/em><\/p>\n

https:\/\/equityclock.com\/2026\/06\/17\/stock-market-outlook-for-june-18-2026\/<\/em><\/a><\/p>\n

Responses to FOMC news at 2:00 PM EDT yesterday<\/strong><\/font><\/p>\n

The FOMC maintained its Fed Fund Rate at 3.50%-3.75%<\/b> as expected<\/b>. Responses after 2:00 PM EDT were as follows: <\/p>\n

S&P 500 Index<\/b> ($SPX) closed sharply lower<\/p>\n

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Price of long term (20+years) Treasury Bonds<\/b> (TLT) initially dropped, then rallied, then closed virtually unchanged. <\/p>\n

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The U.S. Dollar ETN<\/b> (UUP) moved sharply higher.<\/p>\n

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Money center bank SPDRs<\/b> (KBE) moved sharply lower.<\/p>\n

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

JP Morgan<\/b> (JPM) an S&P 100 stock moved above $334.16 to an all-time high extending an intermediate uptrend. <\/p>\n

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Vertex Pharma<\/b> (VRTX) a NASDAQ 100 stock moved above $456.08 resuming an intermediate uptrend.<\/p>\n

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Costar <\/b>(CSGP) a NASDAQ 100 stock moved below $31.35 extending an intermediate downtrend.<\/p>\n

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Schlumberger<\/b> (SLB) a NASDAQ 100 stock moved below $53.69 and $52.46 setting an intermediate downtrend. <\/p>\n

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National Bank<\/b> (NA.TO) a TSX 60 stock moved above Cdn$214.78 to an all-time high extending an intermediate uptrend. <\/p>\n

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Suncor <\/b>(SU.TO) a TSX 60 stock moved below Cdn$80.47 setting an intermediate downtrend. <\/p>\n

Imperial Oil<\/b> (IMO.TO) a TSX 60 stock moved below Cdn$161.13 completing a Head & Shoulders pattern.<\/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 17th<\/sup> 2026<\/p>\n

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Green: Increase from previous day<\/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 17th<\/sup> 2026<\/p>\n

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Green: Increase from previous day <\/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 17th<\/sup> 2026<\/p>\n

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

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

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

It’s Different This Time! Right? | 2026’s Market (bubble) with Dave Lundgren<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=2h4vA8bkhQQ<\/a><\/p>\n

Investor Alert: Fed Chair Kevin Warsh RISKS, Charts Remain At Cliffs Edge: Verified Investing.<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=1CmTrPQQFGU<\/a><\/p>\n

Stern Warning: Why The Stock Party Will Be Over Soon! Jim Bianco<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=4BGJJLLG-30<\/a><\/p>\n

Semis Are at 1999 Levels Again. Time to Worry? Dan Nathan and Carter Worth<\/b><\/p>\n

Semis Are at 1999 Levels Again. Time to Worry? \u2013 YouTube<\/a><\/p>\n

Three Breadth Signals That Help Confirm Market Trends: Dave Keller<\/b><\/p>\n

Three Breadth Signals That Help Confirm Market Trends (stockcharts.com)<\/a><\/p>\n

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

\"clip_image019\"<\/a><\/p>\n

The intermediate term Barometer plunged 11.20 to 54.80. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n

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The short term (20 days) Barometer plunged 16.80 to 52.00. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n

The long term Barometer dropped 2.60 to 61.60. It remained Overbought.<\/p>\n

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

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The intermediate term Barometer dropped 8.18 to 51.36. It remained Neutral.<\/p>\n

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The short term (20 days) Barometer dropped 15.00 to 53.64. It changed from Overbought to Neutral on a drop below 60.00.<\/p>\n

The long term Barometer dropped 3.18 to 70.00. 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 Thursday June 18th U.S. equity index futures were higher this morning. S&P 500 futures were up 60 points at 8:35 AM EDT. Trading in U.S. equities is expected to be lower than average today prior to the Juneteenth holiday tomorrow. S&P 500 futures were unchanged following release of the June Philadelphia Fed […]<\/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-195965","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195965","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=195965"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195965\/revisions"}],"predecessor-version":[{"id":195973,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/195965\/revisions\/195973"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=195965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=195965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=195965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}