{"id":197528,"date":"2026-08-19T19:03:39","date_gmt":"2026-08-19T23:03:39","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=197528"},"modified":"2026-08-19T19:03:39","modified_gmt":"2026-08-19T23:03:39","slug":"tech-talk-for-thursday-august-20th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/08\/19\/tech-talk-for-thursday-august-20th-2026\/","title":{"rendered":"Tech Talk for Thursday August 20th 2026"},"content":{"rendered":"<p><font size=\"5\"><strong>Technical Notes<\/strong><\/font><\/p>\n<p><b>Pharmaceutical ETF<\/b> (PPH) moved above $114.57 to an all-time high. Strength was led by <b>Bristol-Myers<\/b> (BMY), <b>Johnson &amp; Johnson<\/b> (JNJ) and <b>Eli Lilly (LLY<\/b>) to all-time highs and by <b>Pfizer<\/b> (PFE) completing a reverse Head &amp; Shoulders pattern.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image001-13.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\/08\/clip_image001_thumb-13.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image002-12.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\/08\/clip_image002_thumb-11.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>Other S&amp;P 100 and NASDAQ 100 stock breaking resistance extending an intermediate uptrend included <b>Comcast<\/b> (CMCSA) on a move above $26.74, <b>DR Horton<\/b> (DHI) on a move above $152.29, <b>Danaher<\/b> (DHR) on a move above $209.90, <b>Adobe<\/b> (ADBE) on a move above $275.44, <b>Biogen <\/b>(BIIB) on a move above $219.72 and <b>AT&amp;T<\/b> (T) on a move above $25.32<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image003-11.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\/08\/clip_image003_thumb-11.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image004-10.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\/08\/clip_image004_thumb-10.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>TSX Financial Services iShares<\/b> (XFN.TO) moved below intermediate support at Cdn$94.10 completing a double top pattern. <b>BMO Equal Weight Banks<\/b> ETF (ZEB.TO) moved below intermediate support at $74.66 completing a modified double top pattern. Individual banks breaking intermediate support included <b>Bank of Montreal<\/b> (BMO.TO) on a move below $244.28, <b>Commerce Bank<\/b> (CM.TO) on a move below $162.77, <b>Toronto Dominion Bank<\/b> (TD.TO) on a move below $164.11 and <b>Royal Bank<\/b> (RY.TO) on a move below $289.17.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image005-6.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\/08\/clip_image005_thumb-6.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image006-9.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\/08\/clip_image006_thumb-9.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>TSX Energy iShares<\/b> (XEG.TO) moved above Cdn$28.68 to an all-time high extending an intermediate uptrend.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image007-4.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\/08\/clip_image007_thumb-4.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p><b>Canadian Pacific<\/b> (CP.TO) a TSX 60 stock moved above Cdn$131.80 to an all-time high extending an intermediate uptrend. <\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image008-9.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\/08\/clip_image008_thumb-9.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\/08\/clip_image010-9.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image010\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image010\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image010_thumb-9.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 August 19<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image012-9.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image012\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image012\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image012_thumb-9.png\" width=\"244\" height=\"116\" \/><\/a><\/p>\n<p><i><font color=\"#00ff00\">Green: Increase from previous day<\/font><\/i><i> <\/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><font size=\"4\"><strong>Commodities<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Commodities Trends for August 19<sup>th<\/sup> 2026<\/p>\n<p><b><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image014-11.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image014\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image014\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image014_thumb-11.png\" width=\"244\" height=\"142\" \/><\/a><\/b><\/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><i>     <br \/><\/i><\/p>\n<p><i><\/i><\/p>\n<p><font size=\"4\"><strong>Sectors<\/strong><\/font><\/p>\n<p>Daily Seasonal\/Technical Sector Trends for August 19<sup>th<\/sup> 2026<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image016-10.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image016\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image016\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image016_thumb-10.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><i>     <br \/><\/i><\/p>\n<p><i><\/i><\/p>\n<p><font size=\"5\"><strong>Links offered by valued providers<\/strong><\/font><\/p>\n<p><b>Bitcoin leaders meet in the White House with President Trump<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=Ejk5iUcEbg8\">LIVE: President Trump delivers remarks with technology leaders \u2014 8\/19\/2026 \u2013 YouTube<\/a><\/p>\n<p><b>MU, AVGO &amp; META: These Levels Could Decide What&#8217;s Next: Dave Keller<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=yHs4E2HWu7g\">MU, AVGO &amp; META: These Levels Could Decide What&#8217;s Next \u2013 YouTube<\/a><\/p>\n<p><b>Government Buys Back Debt, Markets Surge, Dollar Drops, Yields Collapse&#8230;Gold And Bitcoin SURGE: Verified Investing<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=KuozC4zHdwE\">Government Buys Back Debt, Markets Surge, Dollar Drops, Yields Collapse&#8230;Gold And Bitcoin SURGE \u2013 YouTube<\/a><\/p>\n<p><b>3 Straight Double-Digit Years: What Followed the Last 4 Times: Jazz Wealth Managers<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=gYlJqrVSmCA\">3 Straight Double-Digit Years: What Followed the Last 4 Times \u2013 YouTube<\/a><\/p>\n<p><b>The Treasury Just Blinked: QE Is Back On The Menu: Guy Adami and Dan Nathan<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=nzTarA6d3oQ\">The Treasury Just Blinked: QE Is Back On The Menu \u2013 YouTube<\/a><\/p>\n<p><b>These Gold Stocks Have the Better Setups Right Now: Joe Rabil<\/b><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=czmEo0dQB7w\">These Gold Stocks Have the Better Setups Right Now \u2013 YouTube<\/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\/08\/clip_image017-7.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\/08\/clip_image017_thumb-7.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term (50 days) Barometer added 0.80 to 61.80. It remained Overbought.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image018-6.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image018\" style=\"margin: 0px; display: inline; background-image: none;\" border=\"0\" alt=\"clip_image018\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image018_thumb-6.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term (20 days) Barometer slipped 0.20 to 54.20. It remained Netral.<\/p>\n<p>The long term (200 days) Barometer added 4.00 to 75.00. It remained Overbought. Daily uptrend was extended. <\/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\/08\/clip_image019-5.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\/08\/clip_image019_thumb-5.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The intermediate term (50 days) Barometer slipped 0.46 to 63.01. It remained Overbought.<\/p>\n<p><a href=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image020-5.png\"><img loading=\"lazy\" decoding=\"async\" title=\"clip_image020\" style=\"display: inline; background-image: none;\" border=\"0\" alt=\"clip_image020\" src=\"https:\/\/timingthemarket.ca\/techtalk\/wp-content\/uploads\/2026\/08\/clip_image020_thumb-5.png\" width=\"244\" height=\"152\" \/><\/a><\/p>\n<p>The short term (20 days) Barometer added 0.46 to 55.25. It remained Neutral.<\/p>\n<p>The long term (200 days) Barometer added 5.48 to 71.69. It remained Overbought.<\/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>Technical Notes Pharmaceutical ETF (PPH) moved above $114.57 to an all-time high. Strength was led by Bristol-Myers (BMY), Johnson &amp; Johnson (JNJ) and Eli Lilly (LLY) to all-time highs and by Pfizer (PFE) completing a reverse Head &amp; Shoulders pattern. Other S&amp;P 100 and NASDAQ 100 stock breaking resistance extending an intermediate uptrend included Comcast [&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-197528","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197528","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=197528"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197528\/revisions"}],"predecessor-version":[{"id":197529,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197528\/revisions\/197529"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=197528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=197528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=197528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}