{"id":197844,"date":"2026-09-01T22:26:47","date_gmt":"2026-09-02T02:26:47","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=197844"},"modified":"2026-09-02T08:50:33","modified_gmt":"2026-09-02T12:50:33","slug":"tech-talk-for-wednesday-september-2nd-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/09\/01\/tech-talk-for-wednesday-september-2nd-2026\/","title":{"rendered":"Tech Talk for Wednesday September 2nd 2026"},"content":{"rendered":"

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

Pre-opening Comments for Wednesday September 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

U.S. equity index futures were higher this morning.<\/b> S&P 500 futures were up 7 points at 8:30 AM EDT.<\/em><\/p>\n

Dell Computer<\/b> (DELL) added $41.10 to $466.18 after reporting higher than consensus fiscal second quarter results. The company also issued positive guidance. <\/em><\/p>\n

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

Gitlab<\/b> (GTLB) added $6.91 to$52.00 after reporting higher than consensus second quarter results. <\/em><\/p>\n

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Alphabet<\/b> (GOOG) added $2.22 to $334.25 prior to launch of a new Gemini model today.<\/em><\/p>\n

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MongoDB<\/b> (MDB) dropped $53.69 to $380.01 despite reporting higher than consensus second quarter results. <\/em><\/p>\n

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EquityClock\u2019s Market Outlook for September 2nd<\/sup><\/strong><\/font><\/em><\/p>\n

Oil and energy stocks slated to remain abnormally supported heading into the fall, threatening upside pressures in the cost of borrowing. See:<\/em> <\/b><\/p>\n

https:\/\/equityclock.com\/2026\/09\/01\/stock-market-outlook-for-september-2-2026\/<\/a><\/p>\n

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

Agribusiness ETF<\/b> (MOO) moved above $85.56 to a four year high extending an intermediate uptrend. Responded to higher grain prices! <\/p>\n

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

Solar ETF<\/b> (TAN) moved below $47.26 completing a modified Head & Shoulders pattern extending an intermediate downtrend.<\/p>\n

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Dow Jones Transportation iShares<\/b> (IYT) moved below $83.75 completing a double top pattern.<\/p>\n

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Caterpillar <\/b>(CAT) a Dow Jones Industrial Average stock moved below $776.00 setting an intermediate downtrend. <\/p>\n

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Home Depot<\/b> (HD) a Dow Jones Industrial Average stock moved below $323.05 completing a double top pattern.<\/p>\n

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Marriott <\/b>(MAR) an S&P 100 stock moved below $340.12 completing a modified Head & Shoulders pattern.<\/p>\n

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Other S&P 100 and NASDAQ 100 stocks breaking support extending an intermediate downtrend included Analog Devices<\/b> (ADI) moved below $351.66, KLA Corp<\/b> (KLAC) on a move below $169.62, Microchip Technology<\/b> (MCHP) on a move below $70.81, NXP Semiconductor<\/b> (NXPI on a move below $242.29 and Lowe\u2019s<\/b> (LOW) on a move below $199.40.<\/p>\n

\"clip_image007\"<\/a><\/p>\n

BMO Equal Weight ETF <\/b>(ZEO.TO) moved above Cdn$113.03 to an all-time high. Leading the advance were Canadian Natural Resources<\/b> (CNQ.TO) on a move above Cdn$70.24 to an all-time high and Suncor<\/b> (SU.TO) on a move above Cdn$95.89 to an all-time high.<\/p>\n

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

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Equity Indices and Related ETFs<\/b><\/p>\n

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

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

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

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

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

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

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

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

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

If the S&P Breaks 7600, Everything Changes: Dave Keller<\/b><\/p>\n

If the S&P Breaks 7600, Everything Changes \u2013 YouTube<\/a><\/p>\n

Rough Patch Ahead? Trading Places Live! September 1, 2026: Tom Bowley<\/b><\/p>\n

(Note comments on 10 year Treasury Yields)<\/b><\/p>\n

Rough Patch Ahead? Trading Places Live! September 1, 2026 \u2013 YouTube<\/a><\/p>\n

The September setup: The Investment Committee’s strategy: CNBC<\/b><\/p>\n

The September setup: The Investment Committee’s strategy \u2013 YouTube<\/a><\/p>\n

Yields Spike Triggering Investor Fear, Gold Slammed Again, Oil Potential Breakout On Tanker Strikes: Verified Investing<\/b><\/p>\n

Yields Spike Triggering Investor Fear, Gold Slammed Again, Oil Potential Breakout On Tanker Strikes \u2013 YouTube<\/a><\/p>\n

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

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The intermediate term Barometer dropped another 3.80 to 48.80. It remained Neutral. Daily downtrend was extended.<\/p>\n

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The short term (20 days) Barometer dropped another 7.00 to 33.20. It changed from Neutral to Oversold on a drop below 40.00. Daily downtrend was extended.<\/p>\n

The long term (200 days) Barometer dropped another 2.80 to 65.40. It remained Overbought. Daily downtrend was extended. <\/p>\n

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

\"clip_image011\"<\/a><\/p>\n

The intermediate term Barometer dropped 5.05 to 48.62. It remained Neutral. Daily downtrend was extended.<\/p>\n

\"clip_image012\"<\/a><\/p>\n

The short term (20 days) Barometer dropped another 12.84 to 31.19. It changed from Neutral to Oversold on a move below 40.00. Daily downtrend was extended. <\/p>\n

The long term Barometer dropped 5.05 to 62.84. It remained Overbought. Daily downtrend was extended. <\/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 September 2nd U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT. Dell Computer (DELL) added $41.10 to $466.18 after reporting higher than consensus fiscal second quarter results. The company also issued positive guidance. Gitlab (GTLB) added $6.91 to$52.00 after reporting higher […]<\/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-197844","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197844","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=197844"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197844\/revisions"}],"predecessor-version":[{"id":197854,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/197844\/revisions\/197854"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=197844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=197844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=197844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}