{"id":197770,"date":"2026-08-30T17:38:07","date_gmt":"2026-08-30T21:38:07","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=197770"},"modified":"2026-08-30T17:38:07","modified_gmt":"2026-08-30T21:38:07","slug":"tech-talk-for-monday-august-31st-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/08\/30\/tech-talk-for-monday-august-31st-2026\/","title":{"rendered":"Tech Talk for Monday August 31st 2026"},"content":{"rendered":"

The Bottom Line<\/strong><\/font><\/p>\n

The summer doldrums period for world equity markets from the third week in August to the first week in October was extended.<\/b><\/p>\n

Earnings and Revenue Consensus for S&P 500 Companies<\/strong><\/font><\/p>\n

Source: www.factset.com<\/a><\/p>\n

Analysts increased their 2026 and 2027 earnings and revenue estimate again from their previous August 14th<\/sup> estimates. Ninety seven percent of S&P 500 companies have reported calendar second quarter results to date.<\/p>\n

\u00b7 Consensus for second quarter 2026 earnings gains increased to 52.0% from a previous 50.4% gain. Consensus for revenue gains increased to 15.5% from a 15.0% gain<\/p>\n

\u00b7 Consensus for third quarter 2026 earnings gains increased to 28.2% from a previous 15.0% gain Consensus for revenue gains increased to 11.7% from a previous 11.3% gain.<\/p>\n

\u00b7 Consensus for fourth quarter 2026 earnings gains increase to 25.8% from a previous 25.2% gain. Consensus for revenue gains increased to 11.9% from a previous 11.5% gain<\/p>\n

\u00b7 For all of 2026, consensus for earnings gains increased to 31.2% from a previous 30.0% gain. Consensus for revenue gains increased to 11.9% from a previous 11.5% gain.<\/p>\n

\u00b7 For all of 2027, consensus for earnings gains increased to 14.4% from a previous 13.6% gain. Consensus for revenue gains increase to 8.9% from a previous 8.4% gain. <\/p>\n

Economic News This Week<\/strong><\/font><\/p>\n

Source: www.MarketWatch.com<\/a><\/p>\n

August U.S. Manufacturing PMI<\/b> released at 10:00 AM EDT on Tuesday is expected to slip to 55.1 from 55.6 in July<\/p>\n

July U.S. Construction Spending<\/b> released at 10:00 AM EDT on Tuesday is expected to drop 0.1% versus a 0.1% drop in June. <\/p>\n

July U.S. Factory Orders<\/b> released at 10:00 AM EDT on Wednesday are expected to increase 0.5% versus a 0.3% drop in June.<\/p>\n

Beige Book<\/b> is released at 2:00 PM EDT on Wednesday<\/p>\n

U.S. Trade Deficit<\/b> in July released at 8:30 AM EDT on Thursday is expected to increase to $89.7 billion from $73.3 billion in June<\/p>\n

August U.S. ISM Services<\/b> released at 10:00 AM EDT on Thursday is expected to increase to 54.4 from 54.1 in July<\/p>\n

August Non-farm Payrolls<\/b> released at 8:30 AM EDT on Friday are expected to increase 50,000 versus a 23,000 drop in July. August Unemployment Rate<\/b> is estimated at 4.1%, unchanged from July. August Hourly Earnings<\/b> are expected to increase 0.2% versus a 0.1% increase in July. On a year-over-year basis,<\/b> August Hourly Earnings are expected to increase 3.0% versus a 3.1% increase in July.<\/p>\n

Selected Earnings News This Week<\/strong><\/font><\/p>\n

Source: www.MarketWatch.com<\/a><\/p>\n

Quiet week!<\/p>\n

Tuesday:<\/b> Medtronic, Palo Alto, Couche Tard, Dell<\/p>\n

Wednesday:<\/b> Brown Forman, Five Below, Snowflake, NetApp, Hewlett Packard Enterprises, Broadcom<\/p>\n

Thursday:<\/b> Victoria\u2019s Secret, Campbell Soup, Lulu lemon, DocuSign, Ciena <\/p>\n

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

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

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

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

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

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

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

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

Changes Last Week<\/strong><\/font><\/p>\n

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

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

Palladium ETN<\/b> (PALL) moved above $24.92 and $25.23 completing a reverse Head & Shoulders pattern.<\/p>\n

\"clip_image001\"<\/a><\/p>\n

Microsoft <\/b>(MSFT) a Dow Jones Industrial Average stock moved above $512.76 extending an intermediate uptrend. <\/p>\n

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

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

Michael Campbell\u2019s Money Talks for August 29th<\/sup> <\/b><\/p>\n

https:\/\/mikesmoneytalks.ca\/category\/mikes-content\/complete-show\/<\/a><\/p>\n

Dan Niles: I have a simple rule, and that is don’t fight the Fed<\/b><\/p>\n

Dan Niles: I have a simple rule, and that is don’t fight the Fed \u2013 YouTube<\/a><\/p>\n

Canadian banks beat with 35% capital-markets gain: BNN<\/b><\/p>\n

Canadian banks beat with 35% capital-markets gain \u2013 YouTube<\/a><\/p>\n

Gold Dumps, Bitcoin Cracks As Rate Hike Odds Flip – Trades And Analysis<\/b><\/p>\n

Gold Dumps, Bitcoin Cracks As Rate Hike Odds Flip – Trades And Analysis \u2013 YouTube<\/a><\/p>\n

The VIX Is Near the Lows of the Year. Cem Karsan Says Don’t Sleep on It.<\/b><\/p>\n

The VIX Is Near the Lows of the Year. Cem Karsan Says Don’t Sleep on It. \u2013 YouTube<\/a><\/p>\n

Weakening Market Breadth Could Signal Trouble Ahead: David Keller<\/b><\/p>\n

Weakening Market Breadth Could Signal Trouble Ahead (stockcharts.com)<\/a><\/p>\n

The Rally is Still Working, But It\u2019s Getting Selective: Mary Ellen McGonagle<\/b><\/p>\n

The Rally is Still Working, But It\u2019s Getting Selective (stockcharts.com)<\/a><\/p>\n

Using Seasonality to Enhance Your Trading Results: Tom Bowley<\/b><\/p>\n

Using Seasonality to Enhance Your Trading Results (stockcharts.com)<\/a><\/p>\n

Mark Leibovit: Bond Market Going Down Due to US Debt – Aug. 27, 2026<\/b><\/p>\n

A Very Optimistic Forecast For Gold and Bitcoin<\/p>\n

Mark Leibovit: Bond Market Going Down Due to US Debt – Aug. 27, 2026 (substack.com)<\/a><\/p>\n

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

\"clip_image003\"<\/a><\/p>\n

The intermediate term Barometer dropped 0.40 on Friday and fell 4.40 last week to 53.60. It remained Neutral. Daily downtrend was extended. <\/p>\n

\"clip_image004\"<\/a><\/p>\n

The short term (20 days) Barometer dropped 1.40 on Friday and fell 6.80 last week to 44.00. It remained Neutral. Daily downtrend was extended.<\/p>\n

The long term Barometer added 0.60 on Friday but dropped 1.40 last week to 71.00. It remained Overbought<\/p>\n

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

\"clip_image005\"<\/a><\/p>\n

The intermediate term Barometer added 0.25 to 55.05 on Friday, but dropped 3,85 last week to55.05. It remained Neutral.<\/p>\n

\"clip_image006\"<\/a><\/p>\n

The short term (20 days) Barometer dropped 3.44 on Friday and fell 8.91 last week to 47.25. It remained Neutral. <\/p>\n

The long term Barometer dropped 2.42 on Friday and fell 1.51 last week to 69.27. 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":"

The Bottom Line The summer doldrums period for world equity markets from the third week in August to the first week in October was extended. Earnings and Revenue Consensus for S&P 500 Companies Source: www.factset.com Analysts increased their 2026 and 2027 earnings and revenue estimate again from their previous August 14th estimates. Ninety seven percent […]<\/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-197770","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197770","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=197770"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197770\/revisions"}],"predecessor-version":[{"id":197771,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197770\/revisions\/197771"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=197770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=197770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=197770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}