{"id":198920,"date":"2026-10-25T20:56:54","date_gmt":"2026-10-26T00:56:54","guid":{"rendered":"https:\/\/timingthemarket.ca\/techtalk\/?p=198920"},"modified":"2026-10-25T20:56:54","modified_gmt":"2026-10-26T00:56:54","slug":"tech-talk-for-monday-october-26th-2026","status":"publish","type":"post","link":"https:\/\/timingthemarket.ca\/techtalk\/2026\/10\/25\/tech-talk-for-monday-october-26th-2026\/","title":{"rendered":"Tech Talk for Monday October 26th 2026"},"content":{"rendered":"

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

Monetary focus this week is on the FOMC decision on the Fed Fund Rate on Wednesday.<\/b><\/p>\n

Earnings focus this week is on earnings reports by the \u201chyperscalers\u201d: Microsoft, Alphabet, Intel and Amazon.<\/b><\/p>\n

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

(Source: www.FactSet.com<\/a> )<\/p>\n

Analysts increased their 2026\/2027 earnings and revenue estimates again last week. <\/b><\/p>\n

\u00b7 Consensus for third quarter 2026 earnings gains increased to 29.5% from 29.0%. Consensus for revenue gains increased to 12.7% from 12.6%.<\/p>\n

\u00b7 Consensus for fourth quarter 2026 earnings gains increased to 29.2% from 28.6%. Consensus for revenue gains increased to 13.0% from12.8%.<\/p>\n

\u00b7 For all of 2026, consensus for earnings gains increased to 33.1% from 32.8%. Consensus for revenue gains increased to 12.8% from 12.7%.<\/p>\n

Consensus for earnings and revenue gains into 2027 also were increased last week.<\/b><\/p>\n

\u00b7 For first quarter 2027, consensus for earnings gain increased to 19.6% from 19.3%. Consensus for revenue gains increased to 11.9% from 11.6%<\/p>\n

\u00b7 For second quarter 2027, consensus for earnings gains increased to 2.9% from 2.8%. Consensus for revenue gains increased to 7.8% from 7.7%<\/p>\n

\u00b7 For all of 2027, consensus for earnings gains remained at 16.0%. Consensus for revenue gains remained at 9.5%. <\/p>\n

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

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

September Durable Goods Orders<\/b> released at 8:30 AM EDT on Tuesday are expected to increase 1.2% versus no change in August.<\/p>\n

September U.S. New Home Sales<\/b> released at 10:00 AM EDT on Tuesday are expected to drop to 655,000 units from 684,000 units in August.<\/p>\n

FOMC Decision on the Fed Fund Rate<\/b> is released at 2:00 PM EDT on Wednesday. The Rate is expected to remain unchanged at 3.75%-4.00%.<\/p>\n

September Personal Income<\/b> released at 8:30 AM EDT on Thursday is expected to increase 0.3% versus a 0.2% increase in August. September Consumer Spending <\/b>is expected to increase 0.6% versus a 0.9% increase in August.<\/p>\n

September PCE Core Price Index<\/b> released at 8:30 AM EDT on Thursday is expected to increase 0.3% versus a 0.2% increase in August. On a year-over-year basis, the Index is expected to increase 3.1% versus a 3.0% increase in August.<\/p>\n

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

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

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

120 S&P 500 companies have reported quarterly results to date. Another 179 S&P 500 companies (including 10 Dow Jones Industrial Average companies) are scheduled to report this week. Another 9 TSX 60 companies are scheduled to report this week.<\/b><\/p>\n

Bolded securities are TSX listed <\/i><\/b><\/p>\n

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

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

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

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

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

\"xlk<\/a> <\/i><\/p>\n


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

Michael Campbell\u2019s Money Talks for October 23rd<\/sup> <\/b><\/p>\n

October 23 Episode | Mike’s MoneyTalks (mikesmoneytalks.ca)<\/a><\/p>\n

Oil Keeps Pushing, Yields Signal Recession, Tech Near Correction…Here Are The Trades: Verified Investing<\/b><\/p>\n

Oil Keeps Pushing, Yields Signal Recession, Tech Near Correction…Here Are The Trades \u2013 YouTube<\/a><\/p>\n

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Mark Leibovit: Action Heats Up on the Russell 2000 – Oct. 22, 2026<\/b><\/p>\n

Mark Leibovit: Action Heats Up on the Russell 2000 – Oct. 22, 2026 \u2013 YouTube<\/a><\/p>\n

Earnings Season a Big Winner for Emerging Areas of Strength: Tom Bowley<\/b><\/p>\n

Earnings Season a Big Winner for Emerging Areas of Strength (stockcharts.com)<\/a><\/p>\n

Market Rotation Generating Powerful Advances In These Areas: Tom Bowley<\/b><\/p>\n

(Note seasonality comments)<\/b><\/p>\n

Market Rotation Generating Powerful Advances In These Areas \u2013 YouTube<\/a><\/p>\n

S&P 500 at a Crossroads: Four Scenarios for Year-End; Dave Keller<\/b><\/p>\n

S&P 500 at a Crossroads: Four Scenarios for Year-End (stockcharts.com)<\/a><\/p>\n


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

China A Shares ETF<\/b> (CAF) moved below $16.39 extending an intermediate downtrend. <\/p>\n

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

Global Base Metals iShares<\/b> (PICK) moved below $54.73 completing a double top pattern. BMO Equal Weight Global Metals ETF<\/b> (ZMT.TO) moved below Cdn$103.51 extending an intermediate downtrend. Led by Lundin Mining<\/b> (LUN.TO) on moves below Cdn$31.34 and Cdn$31.30 extending an intermediate downtrend.<\/p>\n

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

U.S. Crude Oil ETN<\/b> (USO) moved above $163.35 to a ten year high extending an intermediate uptrend. <\/p>\n

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

Natural Gas ETN<\/b> (UNG) moved below $9.55 to an all-time low extending an intermediate downtrend. <\/p>\n

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

American Tower<\/b> (AMT) an S&P 100 stock moved above $192.14 extending an intermediate uptrend. <\/p>\n

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

Intuitive Surgical<\/b> (ISRG) moved above $443.84 extending an intermediate uptrend. <\/p>\n

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

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

The intermediate term Barometer dropped 1.80 on Friday, but gained 13.40 last week to 58.80. It remained Neutral.<\/p>\n

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

The short term (20 days) Barometer dropped 3.60 to 69.00 on Friday, but gained 0.40 last week to 69.00. It remained Overbought.<\/p>\n

The long term Barometer dropped 1.60 on Friday, but gained 3.60 last week to 58.20. It remained Neutral.<\/p>\n

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

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

The intermediate term Barometer dropped 4.65 on Friday, but added 1.86 last week to 47.44. It remained Neutral.<\/p>\n

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

The short term (20 days) Barometer dropped 1.86 on Friday, but added 0.47 last week to 57.21. It remained Neutral.<\/p>\n

The long term Barometer dropped 0.93 on Friday and dropped 6.51 last week to 50.70. It remained Neutral.<\/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 Monetary focus this week is on the FOMC decision on the Fed Fund Rate on Wednesday. Earnings focus this week is on earnings reports by the \u201chyperscalers\u201d: Microsoft, Alphabet, Intel and Amazon. Earnings and Revenue Consensus for S&P 500 companies (Source: www.FactSet.com ) Analysts increased their 2026\/2027 earnings and revenue estimates again […]<\/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-198920","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/198920","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=198920"}],"version-history":[{"count":1,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/198920\/revisions"}],"predecessor-version":[{"id":198921,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/posts\/198920\/revisions\/198921"}],"wp:attachment":[{"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/media?parent=198920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/categories?post=198920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timingthemarket.ca\/techtalk\/wp-json\/wp\/v2\/tags?post=198920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}