{"id":196085,"date":"2026-06-23T22:21:56","date_gmt":"2026-06-24T02:21:56","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=196085"},"modified":"2026-06-24T08:51:34","modified_gmt":"2026-06-24T12:51:34","slug":"tech-talk-for-wednesday-june-24th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/06\/23\/tech-talk-for-wednesday-june-24th-2026\/","title":{"rendered":"Tech Talk for Wednesday June 24th 2026"},"content":{"rendered":"

Pre-opening Comments for Wednesday June 24th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 29 points at 8:30 AM EDT.<\/em><\/p>\n

Alphabet<\/b> (GOOG) added $4.20 to $350.28 and Verizon <\/b>(VZ) slipped $0.23 to $46.50. Alphabet is scheduled to replace Verizon (VZ) in the Dow Jones Industrial Average on June 29th<\/sup><\/em><\/p>\n

\"clip_image001[1]\"<\/em><\/a><\/p>\n

FedEx <\/b>(FDX) dropped $19.80 to $297.44 despite reporting higher than consensus fiscal fourth quarter results. The company recently announced a share restructure program. <\/em><\/p>\n

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KB Homes<\/b> (KBH) added $1.37 to $54.10 after reporting higher than consensus fiscal second quarter results.<\/em><\/p>\n

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Micron <\/b>added $30.22 to $1,082.00 prior to release of quarterly results after the close today.<\/em><\/p>\n

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EquityClock\u2019s Market Outlook for June 24th<\/sup> 2026<\/strong><\/font><\/em><\/p>\n

The Technology sector ETF revealing a lower-high below the early June peak: Should you be concerned? See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/06\/23\/stock-market-outlook-for-june-24-2026\/<\/em><\/a><\/p>\n

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

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

U.S. Global Jets ETF<\/b> (JETS) moved above $31.33 to a six year high extending an intermediate uptrend.<\/p>\n

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Steel ETF<\/b> (SLX) moved below $104.21 and $102.60 completing a short term Head & Shoulders pattern.<\/p>\n

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Global Metals iShares<\/b> (PICK) moved below $59.83 and $59.79 completing a short term Head and Shoulders pattern. Weakness was led by Alcoa <\/b>(AA) on a move below $54.86 extending an intermediate downtrend.<\/p>\n

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NASDAQ Biotech iShares<\/b> (IBB) moved above $179.48 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until September 21st<\/sup>. See seasonality chart at www.EquityClock.com<\/a><\/p>\n

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Couche Tard<\/b> (ATD.TO) moved above Cdn$85.36 to an all-time high extending an intermediate uptrend.<\/p>\n

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Canadian Imperial Bank of Commerce <\/b>(CM.TO) moved above Cdn$162.12 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 23rd<\/sup> 2026<\/p>\n

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

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

<\/i><\/p>\n

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

Daily Seasonal\/Technical Commodities Trends for June 23rd<\/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

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

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

Daily Seasonal\/Technical Sector Trends for June 23rd<\/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

Trading Places Live! June 23, 2026: Tom Bowley<\/b><\/p>\n

Trading Places Live! June 23, 2026 \u2013 YouTube<\/a><\/p>\n

AI Trade Collapse, KOSPI Drops 10%, Crowded Bubble Trade Begins Unwind: Verified Investing<\/b><\/p>\n

AI Trade Collapse, KOSPI Drops 10%, Crowded Bubble Trade Begins Unwind \u2013 YouTube<\/a><\/p>\n

The Mag7 Is Now The Lag7 Guy Adami and Dan Nathan<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=WkeBOtYzf3c<\/a><\/p>\n

Gold’s Next Move: Armstrong Sees August Turn<\/b><\/p>\n

https:\/\/www.youtube.com\/watch?v=OWt028uUji8<\/a><\/p>\n

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

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Surprisingly, the medium term Barometer added 4.00 to 60.00. It changed from Neutral to Overbought.<\/p>\n

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The short term (20 days) Barometer added 2.40 to 55.00. It remained Neutral.<\/p>\n

The long term Barometer added 1.60 to 61.80. It remained Overbought<\/p>\n

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

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The intermediate term Barometer dropped 1.82 to 45.91. It remained Neutral. Daily downtrend was extended. <\/p>\n

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The short term (20 days) Barometer dropped 4.55 to 39.09. It changed from Neutral to Oversold on a drop below 40.00. Daily downtrend was extended. <\/p>\n

The long term Barometer dropped 4.09 to 62.27. 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 Wednesday June 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points at 8:30 AM EDT. Alphabet (GOOG) added $4.20 to $350.28 and Verizon (VZ) slipped $0.23 to $46.50. Alphabet is scheduled to replace Verizon (VZ) in the Dow Jones Industrial Average on June 29th FedEx […]<\/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-196085","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196085","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=196085"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196085\/revisions"}],"predecessor-version":[{"id":196095,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196085\/revisions\/196095"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=196085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=196085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=196085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}