{"id":198594,"date":"2026-10-01T19:39:15","date_gmt":"2026-10-01T23:39:15","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=198594"},"modified":"2026-10-02T08:47:40","modified_gmt":"2026-10-02T12:47:40","slug":"tech-talk-for-friday-october-2nd-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/10\/01\/tech-talk-for-friday-october-2nd-2026\/","title":{"rendered":"Tech Talk for Friday October 2nd 2026"},"content":{"rendered":"

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

U.S. equity index futures were higher this morning<\/b>. S&P 500 futures were up 67 points at 8:35 AM EDT. Overnight strength was triggered by a $3.54 drop in the price of WTI crude oil to $89.33 per barrel.<\/em><\/p>\n

S&P 500 futures added 26 points following release of the September U.S Employment Report<\/b>. Consensus for Non-farm Payrolls was 83,000 versus 162,000 reported in August. Actual was a 29,000 increase. Consensus for the Unemployment Rate was unchanged from August at 4.1%. Actual was an increase to 4.2%. Consensus for Hourly Earnings was a 0.3% increase versus a 0.3% increase in August. Actual was a 0.1% increase. On a year-over-year basis Hourly Earnings were expected to be unchanged at a 3.1% increase. Actual was a 3.0% increase. <\/em><\/p>\n

Synaptics <\/b>(SYNA) added $15.89 to $122.04 after ON Semiconductor offered to buy the company at $123.00 per share cash. Value of the offer is $5.7 billion.<\/em><\/p>\n

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Nike<\/b> (NKE) dropped $3.03 to $32.10 after issuing fiscal second quarter guidance below consensus.<\/em> <\/p>\n

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McCormick<\/b> (MKC) added $0.31 to 44.45 after reporting higher than consensus fiscal third quarter results. <\/em><\/p>\n

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

Technology stocks at all-time highs as rate pressures temporarily ease. We\u2019ll show you the setup heading into the volatile month of October. See:<\/em><\/b><\/p>\n

https:\/\/equityclock.com\/2026\/10\/01\/stock-market-outlook-for-october-2-2026\/<\/em><\/a><\/p>\n

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

Materials SPDRs<\/b> (XLB) moved below $48.48 setting an intermediate downtrend.<\/p>\n

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MetLife<\/b> (MET) an S&P 100 stock moved below $93.37 completing a double top pattern.<\/p>\n

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BMO Equal Weight Bank ETF<\/b> (ZEB.TO) moved below Cdn$72.44 completing a double top pattern<\/p>\n

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S&P\/TSX Financials iShares<\/b> (XFN.TO) moved below Cdn$91.15 completing a double top pattern.<\/p>\n

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TSX Financials moving below support setting double top patterns included Power Corp<\/b> (POW.TO), Commerce Bank<\/b> (CM.TO), Bank of Montreal<\/b> (BMO.TO) and Royal Bank<\/b> (RY.TO).<\/p>\n

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Canadian Pacific<\/b> (CP.TO) a TSX 60 stock moved below Cdn$119.58 setting an intermediate downtrend.<\/p>\n

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Rogers Communications<\/b> (RCI\/B.TO) a TSX 60 stock moved below Cdn$43.37 setting an intermediate downtrend.<\/p>\n

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

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

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

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

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

The Market Isn\u2019t Breaking. It\u2019s Rotating! Tom Bowley<\/b><\/p>\n

The Market Isn\u2019t Breaking. It\u2019s Rotating! \u2013 YouTube<\/a><\/p>\n

MRKT Call – Thursday, October 1st<\/sup>: Guy Adami, Liz Thomas, John Butters<\/b><\/p>\n

MRKT Call – Thursday, October 1st \u2013 YouTube<\/a><\/p>\n

Why big round numbers like $1,000 often become: Dave Keller<\/b><\/p>\n

https:\/\/www.youtube.com\/shorts\/wULdTu_Rq3U<\/a><\/p>\n


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

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The intermediate term Barometer added 2.20 to 23.60. It remains Oversold.<\/p>\n

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The short term (20 days) Barometer added 1.60 to 24.80. It remains Oversold.<\/p>\n

The long term Barometer added 2.00 to 43.80. It remains Neutral.<\/p>\n

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

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The intermediate term Barometer dropped another 1.38 to 27.65. It remains Oversold. Daily downtrend was extended. <\/p>\n

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The short term (20 days) Barometer dropped 2.30 to 25.81. It remains Oversold.<\/p>\n

The long term Barometer dropped another 1.84 to 49.77. It remains Neutral. 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 Friday October 2nd U.S. equity index futures were higher this morning. S&P 500 futures were up 67 points at 8:35 AM EDT. Overnight strength was triggered by a $3.54 drop in the price of WTI crude oil to $89.33 per barrel. S&P 500 futures added 26 points following release of the September […]<\/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-198594","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/198594","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=198594"}],"version-history":[{"count":2,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/198594\/revisions"}],"predecessor-version":[{"id":198602,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/198594\/revisions\/198602"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=198594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=198594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=198594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}