{"id":197224,"date":"2026-08-06T19:31:02","date_gmt":"2026-08-06T23:31:02","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=197224"},"modified":"2026-08-07T08:58:09","modified_gmt":"2026-08-07T12:58:09","slug":"tech-talk-for-friday-august-7th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/08\/06\/tech-talk-for-friday-august-7th-2026\/","title":{"rendered":"Tech Talk for Friday August 7th 2026"},"content":{"rendered":"

Pre-opening Comments for Friday August 7th<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 30 points at 8:35 AM EDT<\/em><\/p>\n

S&P 500 futures added 4 points following release of the July U.S. Employment report<\/b> at 8:30 AM EDT. Consensus for July Non-farm Payrolls was an 83,000 increase versus a 57,000 increase in June. Actual was a 23,000 drop. Consensus for the July Unemployment Rate was unchanged at 4.2% from June. Actual was a drop to 4.1%. Consensus for July Hourly Wages was a 0.3% gain versus a 0.3% gain in June. Actual was a 0.1% gain. On a year-over-year basis consensus for July Hourly Wages was unchanged from June at 3.5%. Actual was a drop to 3.2%.<\/em><\/p>\n

Airbnb<\/b> (ABNB) added $11.56 to $163.20 after reporting higher than consensus second quarter results.<\/em><\/p>\n

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Lyft<\/b> (LYFT) added $0.20 to $16.50 after reporting higher than consensus second quarter results.<\/em><\/p>\n

\"clip_image002\"<\/a><\/p>\n

Trade Desk<\/b> (TTD) dropped $14.19 to $13.50 after reporting less than consensus second quarter results. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for August 7th<\/sup><\/strong><\/font><\/em><\/p>\n

The change in jobless claims hints of a stronger than average performance in July payrolls<\/b>. See: <\/em>The change in jobless claims hints of a stronger than average performance in July payrolls. (equityclock.com)<\/em><\/a><\/p>\n

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

Mark Leibovit\u2019s Comment<\/strong><\/font><\/em><\/p>\n

U.S. pot stocks spark up<\/b>. See:<\/em><\/p>\n

https:\/\/www.howestreet.com\/2026\/08\/us-pot-stocks-spark-up-mark-leibovit\/<\/em><\/a><\/p>\n

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

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

Pfizer<\/b> (PFE) a Dow Jones Industrial Average stock moved above $26.08 resuming an intermediate uptrend. Seasonal influences are favourable until October 3rd<\/sup>. See www.equityclock.com<\/a> for the seasonality chart.<\/p>\n

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Trader\u2019s Corner<\/strong><\/font><\/p>\n

\"traders<\/a><\/font><\/p>\n

Equity Indices and Related ETFs<\/strong><\/font><\/p>\n

Daily Seasonal\/Technical Equity Trends for August 6th<\/sup> 2026<\/p>\n

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

Green: Increase from previous day<\/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


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

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

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

Daily Seasonal\/Technical Commodities Trends for August 6th<\/sup> 2026<\/p>\n

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

<\/b><\/p>\n

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

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

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

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

Daily Seasonal\/Technical Sector Trends for August 6th<\/sup> 2026<\/p>\n

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

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

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


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

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

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

This Breakout Is Different. Here’s Why. Joe Rabil<\/b><\/p>\n

This Breakout Is Different. Here’s Why. \u2013 YouTube<\/a><\/p>\n

Trade Setups: Tech Slammed On SNDK And WDC, Gold Stalls, Bitcoin Struggles At Key Breakout Level: Verified Investing.<\/b><\/p>\n

Trade Setups: Tech Slammed On SNDK And WDC, Gold Stalls, Bitcoin Struggles At Key Breakout Level \u2013 YouTube<\/a><\/p>\n

Is there more upside ahead for copper’s bull run? BMO<\/b><\/p>\n

Is there more upside ahead for copper’s bull run? \u2013 YouTube<\/a><\/p>\n

MRKT Call – Thursday, August 6th<\/sup>: Guy Adami, Dan Nathan and Liz Thomas<\/b><\/p>\n

MRKT Call – Thursday, August 6th \u2013 YouTube<\/a><\/p>\n

The Bull Market Looks Healthy. Here’s Why. Tom Bowley Note seasonality comments!<\/b><\/p>\n

The Bull Market Looks Healthy. Here’s Why. \u2013 YouTube<\/a><\/p>\n

Looking Beyond Technology for Market Leadership: David Keller<\/b><\/p>\n

Looking Beyond Technology for Market Leadership (stockcharts.com)<\/a><\/p>\n

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

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

The intermediate term Barometer dropped 2.40 to 64.20. It remained Overbought.<\/p>\n

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

The short term (20 days) Barometer dropped 1.80 to 63.40. It remained Overbought.<\/p>\n

The long term Barometer dropped 0.40 to 71.20. It remained Overbought.<\/p>\n

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

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

The intermediate term Barometer dropped 1.37 to 63.93. It remained Overbought.<\/p>\n

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

The short term (20 days) Barometer dropped 2.38 to 56.16. It remained Neutral.<\/p>\n

The long term Barometer dropped 1.83 to 67.12. 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 Friday August 7th U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points at 8:35 AM EDT S&P 500 futures added 4 points following release of the July U.S. Employment report at 8:30 AM EDT. Consensus for July Non-farm Payrolls was an 83,000 increase versus a 57,000 […]<\/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-197224","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197224","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=197224"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197224\/revisions"}],"predecessor-version":[{"id":197232,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197224\/revisions\/197232"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=197224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=197224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=197224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}