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June 3, 2023 | Tech Talk for Saturday June 3rd 2023

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line


U.S. and Canadian equity indices and related ETFs ended the week with improving technical profiles, typical of their historic trend to the first week in June. They also have a history of moving lower between now and the last week in June.


News to watch this week! Frequency of corporate earnings reports by major U.S. and Canadian companies quietens. Only six S&P 500 companies are scheduled to report. No TSX companies are scheduled to report. Traders will focus on news from OPEC + announced on Sunday and Monday. Crude oil Production quotas are expected to remain unchanged. Apple’s World Wide Developers Keynote presentation on Monday will announce new products. Watch for the focus
on Artificial Intelligence (AI).

 

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June 3rd, 2023

Posted In: Tech Talk

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