Pre-opening Comments for Wednesday February 26^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:30 AM EST.

Intuit advanced $31.37 to $587.00 after reporting higher than consensus second quarter results.

Masimo gained $10.46 to $180.00 after offering a positive 2025 outlook.

Workday added $26.80 to $282.02 after announcing higher than consensus subscription revenue growth in the fourth quarter.

General Motors advanced $1.89 to $48.60 after raising its dividend and after announcing a $6 billion share buyback program.

EquityClock’s Stock Market Outlook for February 26^th

Perhaps it is not too much of a surprise that the equity market is weakening as the yield curve emerges from inversion. See:

https://equityclock.com/2025/02/25/stock-market-outlook-for-february-26-2025/

Technical Notes

S&P 500 Index $SPX moved below intermediate support at 5,923.93. S&P 500 SPDRs $SPY moved below support at $590.40. Intermediate trend changed from up to neutral.

20 + year Treasury bond iShares $TLT moved above $90.18 extending an intermediate uptrend.

Consumer Staples SPDRs $XLP moved above $83.45 to an all-time high extending an intermediate uptrend.

Gasoline ETN $UGA moved below $63.03 completing a double top pattern.

S&P 100 and NASDAQ 100 stocks moving above intermediate resistance included Regeneron on a move above $732.38, American International Group on a move above $79.51, Colgate Palmolive on a move above $91.90, Nike on a move above $81.18 and Roper Technologies on a move above $584.31.

S&P 100 and NASDAQ 100 stocks moving below intermediate support included Microsoft on a move below $399.20, Advanced Micro Devices on a move below $106.50, Trip.com on a move below $62.37, Zoom Video on a move below $76.38, Intuitive Surgical on a move below $563.27, Synopsys on a move below $457.52, Intuit on a move below $554.66 and Diamondback Energy on a move below $152.00.

Bank of Montreal $BMO.TO a TSX 60 stock moved above Cdn$145.93 to an all-time high extending an intermediate uptrend. Reported higher than consensus fiscal first quarter results.

Cenovus $CVE.TO a TSX 60 stock moved below Cdn$20.16 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 25^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings:

Commodities

Daily Seasonal/Technical Commodities Trends for February 25^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 25^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Top 10 Canadian companies at-risk of tariffs

Top 10 Canadian companies at-risk of tariffs – YouTube

Mike Wilson on Fed, US Exceptionalism, Tariffs Impact

Mike Wilson on Fed, US Exceptionalism, Tariffs Impact – YouTube

What Is behind the huge selloff in #Bitcoin?

Editor’s Note: Bitcoin in Canadian Dollars Btcc.to moved below Cdn$16.55 completing a double top pattern

What Is behind the huge selloff in #Bitcoin? – YouTube

CHART THIS with David Keller, CMT Tuesday 2/25/25

https://www.youtube.com/watch?v=ZA303jEAoQo

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.20 to 54.00. It remains Neutral.

The long term Barometer added 0.40 to 60.60. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 0.91 to 45.45. It remains Neutral

The long term Barometer slipped 0.45 to 59.09. It remains Neutral.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com 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

More from the network: Stock Market Outlook for February 26, 2025 Stock Market Outlook for February 25, 2025 Stock Market Outlook for February 24, 2025 Stock Market Outlook for February 21, 2025 Stock Market Outlook for February 20, 2025