{"id":196348,"date":"2026-07-05T15:59:36","date_gmt":"2026-07-05T19:59:36","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=196348"},"modified":"2026-07-05T15:59:36","modified_gmt":"2026-07-05T19:59:36","slug":"tech-talk-for-monday-july-6th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/07\/05\/tech-talk-for-monday-july-6th-2026\/","title":{"rendered":"Tech Talk for Monday July 6th 2026"},"content":{"rendered":"<p><font size=\"5\"><strong>The Bottom Line<\/strong><\/font><\/p>\n<p><b>The proverbial \u201cSummer Rally\u201d for the North American equity indices between June 27<sup>th<\/sup> and July 17<sup>th<\/sup> is \u201coff to a good start\u201d.<\/b> North American equity indices have a history of moving higher prior to release of encouraging second quarter corporate results. Europe and Chinese equity markets also \u201ccaught the trend\u201d.<\/p>\n<p><sup><\/sup><\/p>\n<p><font size=\"5\"><strong>Earnings and Revenue Consensus for S&amp;P 500 Companies<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.factset.com\">www.factset.com<\/a><\/p>\n<p><b><\/b><\/p>\n<p><b>Analysts issued minor positive changes to their 2026 earnings and revenue estimates last week<\/b><\/p>\n<ul>\n<li>Consensus for <b>second quarter 2026<\/b> earnings gains increased to 23.3% from 23.1% last week. Consensus for revenue gains slipped to 12.2% from 12.3%.<\/li>\n<li>Consensus for <b>third quarter 2026<\/b> earnings gains increased to 26.8% from 26.7%.last week. Consensus for revenue gains increased to 10.8% from 10.7%.<\/li>\n<li>Consensus for <b>fourth quarter 2026<\/b> earnings gains increased to 24.4% from 24.2% last week. Consensus for revenue gains increased to 10.4% from 10.2%.<\/li>\n<li><b>For all of 2026<\/b>, consensus for earnings gains increased to 24.1% from 24.0% last week. Consensus for revenue gains slipped to 10.8% from 11.2%<\/li>\n<li><\/li>\n<\/ul>\n<p><font size=\"5\"><strong>Economic News This Week<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.marketwatch.com\">www.marketwatch.com<\/a><\/p>\n<p><b>June ISM Services<\/b> are released at 10:00 AM EDT on Monday<\/p>\n<p><b>Minutes to the June FOMC meeting<\/b> are released at 2:00 PM EDT on Wednesday<\/p>\n<p><b>June U.S. Existing Home Sales<\/b> released at 10:00 AM EDT on Thursday are expected to be 4.2 million units versus 4.2 million units in May.<\/p>\n<p><font size=\"5\"><strong>Selected Earnings News This Week<\/strong><\/font><\/p>\n<p>Source: <a href=\"http:\/\/www.Investing.com\">www.Investing.com<\/a><\/p>\n<p>Quiet week ahead!<\/p>\n<p><b>Monday:<\/b> Northwest Company<\/p>\n<p><b><\/b><\/p>\n<p><b>Tuesday:<\/b> Levi Strauss<\/p>\n<p><b><\/b><\/p>\n<p><b>Thursday<\/b>: PepsiCo, Progressive<\/p>\n<p><b><\/b><\/p>\n<p><b>Friday:<\/b> Delta Airlines<\/p>\n<p><font size=\"5\"><strong>Technical Notes<\/strong><\/font><\/p>\n<p><b>US Global Jets ETF<\/b> (JETS) moved above $33.60 to an all-time high extending an intermediate uptrend. Benefitting from lower jet fuel prices!<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image001-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image001\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image001\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image001_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Europe iShares<\/b> (IEV) moved above $73.16 to an all-time high extending an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image002-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image002\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image002\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image002_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>S&amp;P 100 and NASDAQ 100 stocks<\/b> moving above resistance extending an intermediate uptrend included <b>Vertex<\/b> (VRTX) on a move above $507.92,$519.68 and$519.88, <b>General Dynamics<\/b> (GD) on a move above $366.38, <b>Union Pacific<\/b> (UNP) on a move above $278.25 and <b>Okta <\/b>(OKTA) on a move above $142.35, <b>Door Dash<\/b> (DASH) on a move above $191.17, <b>Regeneron<\/b> (REGN) on a move above $640.82, <b>Visa<\/b> (V) on a move above $357.14, <b>Coca Cola<\/b> (KO) on a move above $83.50 and <b>Medtronic <\/b>on a move above $82.09<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image003-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image003\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image003\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image003_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image004-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image004\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image004\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image004_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image005.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image005\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image005\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image005_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image006-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image006\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image006\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image006_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image007.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image007\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image007\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image007_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Canadian REIT iShares<\/b> (XRE.TO) moved above Cdn$17.28 to an all-time high extending an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image008-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image008\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image008\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image008_thumb-1.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>U.S. Telecommunications iShares<\/b> (IYZ) moved below $41.08 and $40.43 completing a short term Head &amp; Shoulders pattern.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image009.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image009\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image009\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image009_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><font size=\"5\"><strong>Trader\u2019s Corner<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image011.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image011\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image011\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image011_thumb.png\" width=\"244\" height=\"210\" \/><\/a><\/p>\n<p><font size=\"4\"><strong>Equity Indices and Related ETFs<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Equity Trends for July 2<sup>nd<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image013-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image013\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image013\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image013_thumb-1.png\" width=\"244\" height=\"116\" \/><\/a><\/p>\n<p><i><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/i><i> <\/i><\/p>\n<p><font color=\"#ff0000\"><i>Red:<\/i><i> Decrease from previous day<\/i><\/font><\/p>\n<p><i>Source for all positive seasonality ratings: <a href=\"http:\/\/www.EquityClock.com\">www.EquityClock.com<\/a><\/i><i> <\/i><\/p>\n<p><em><\/em><\/p>\n<p><i><\/i><\/p>\n<p><font size=\"4\"><strong>Commodities<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Commodities Trends for July 2<sup>nd<\/sup> 2026<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image015-1.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image015\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image015\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image015_thumb-1.png\" width=\"244\" height=\"141\" \/><\/a><\/b><\/p>\n<p><i><font color=\"#00ff00\">Green: Increase from previous day<\/font> <\/i><b><\/b><\/p>\n<p><i><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/i><\/p>\n<p><em><\/em><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for July 2<sup>nd<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image017.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image017\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image017\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image017_thumb.png\" width=\"244\" height=\"164\" \/><\/a><\/p>\n<p><i><font color=\"#00ff00\">Green: Increase from previous day<\/font> <\/i><\/p>\n<p><i><font color=\"#ff0000\">Red: Decrease from previous day<\/font><\/i><\/p>\n<p><em><\/em><\/p>\n<p><i><\/i><\/p>\n<p><font size=\"5\"><strong>Changes Last Week<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image019.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image019\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image019\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image019_thumb.png\" width=\"244\" height=\"179\" \/><\/a><\/p>\n<p><font size=\"4\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><b>Mike Campbell\u2019s Money Talks for July 4<sup>th<\/sup> <\/b><\/p>\n<p><a href=\"https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/?mc_cid=c289ca0cfb&amp;mc_eid=592546b4b5\">Michael Campbell\u2019s MoneyTalks \u2013 Complete Show (mikesmoneytalks.ca)<\/a><\/p>\n<p><b><\/b><\/p>\n<p><b>Agribusiness ETF: Outside Reversal; Surges Off Bullish Setup Zone; Next Key Level: Arthur Hill <\/b><\/p>\n<p><a href=\"https:\/\/articles.stockcharts.com\/article\/agribusiness-etf-outside-reversal-surges-off-bullish-setup-zone-next-key-level\/\">Agribusiness ETF: Outside Reversal; Surges Off Bullish Setup Zone; Next Key Level (stockcharts.com)<\/a><\/p>\n<p><b>The Market Is Rewarding Different Stocks: Mary Ellen McGonagle<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=EZmezrY39ao\">The Market Is Rewarding Different Stocks \u2013 YouTube<\/a><\/p>\n<p><b>Major Trendlines Break, Semiconductor Trade Implodes, Institutions Got You! Here&#8217;s The Target: Gareth Soloway<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=DDCYFlDeBZ8\">Major Trendlines Break, Semiconductor Trade Implodes, Institutions Got You! Here&#8217;s The Target \u2013 YouTube<\/a><\/p>\n<p><b>Oil Is Bottoming and the Third Super Cycle Has Started | Josef Schachter, Schachter Energy Report<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=96lI3dfBPac\">Oil Is Bottoming and the Third Super Cycle Has Started | Josef Schachter, Schachter Energy Report \u2013 YouTube<\/a><\/p>\n<p><b>Update On The \u2018G-Shaped\u2019 Versus \u2018K-Shaped\u2019 Economy Debate: Dave Yardeni<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=lHh1MFEtKHc\">Update On The \u2018G-Shaped\u2019 Versus \u2018K-Shaped\u2019 Economy Debate \u2013 YouTube<\/a><\/p>\n<p><b>Collapsing Yen More Important Than Many Think: Mark Leibovit<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/07\/collapsing-yen-more-important-than-many-think-mark-leibovit\/\">Collapsing Yen More Important Than Many Think \u2013 HoweStreet<\/a><\/p>\n<p><b>Trading Desk Notes for July 4, 2026: Victor Adair<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/07\/trading-desk-notes-for-july-4-2026\/\">Trading Desk Notes for July 4, 2026 \u2013 HoweStreet<\/a><\/p>\n<p><b>This Week in Money: Ross Clark, Eric Hadik, Rick Ackerman<\/b><\/p>\n<p><a href=\"https:\/\/www.howestreet.com\/2026\/07\/gold-silver-oil-bitcoin-market-cycles-drones-trump-eric-hadik-rick-ackerman-ross-clark-this-week-in-money\/\">This Week in Money \u2013 HoweStreet<\/a><\/p>\n<p><font size=\"5\"><strong>S&amp;P 500 Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image020.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image020\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image020\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image020_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 3.00 on Friday and gained 2.40 last week to 67.00, a 4 month high. It remained Overbought. Daily uptrend was extended on Friday.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image021.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image021\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image021\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image021_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term (20 days) Barometer added 4.20 on Friday and gained 5.60 last week to 68.20. It remained Overbought.<\/p>\n<p>The long term Barometer added 3.80 on Friday and gained 4.80 last week to 67.60. It remained Overbought. Daily uptrend was extended on Friday.<\/p>\n<p><font size=\"5\"><strong>TSX Momentum Barometers<\/strong><\/font><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image022.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image022\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image022\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image022_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term Barometer added 5.45 on Friday and gained 11.82 last week to 60.00. It remained Neutral.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image023.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image023\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image023\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/07\/clip_image023_thumb.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term Barometer added 7.27 on Thursday and gained 18.18 last week to 66.82. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n<p>The long term Barometer added 2.27 on Friday and gained 18.18 last week to 64.55. It changed from Neutral to Overbought on a move above 60.00.<\/p>\n<p><em><b>Disclaimer:<\/b> Seasonality ratings and technical ratings offered in this report and at <\/em><\/p>\n<p><a href=\"http:\/\/www.equityclock.com\"><em>www.equityclock.com<\/em><\/a><em> 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":"<p>The Bottom Line The proverbial \u201cSummer Rally\u201d for the North American equity indices between June 27th and July 17th is \u201coff to a good start\u201d. North American equity indices have a history of moving higher prior to release of encouraging second quarter corporate results. Europe and Chinese equity markets also \u201ccaught the trend\u201d. Earnings and [&hellip;]<\/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-196348","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196348","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=196348"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196348\/revisions"}],"predecessor-version":[{"id":196349,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/196348\/revisions\/196349"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=196348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=196348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=196348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}