Pre-opening Comments for Wednesday May 28^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:30 AM EDT.

Okta dropped $14.12 to $111.38 after offering an uncertain outlook.

Box Inc added $3.55 to $35.00 after reporting higher than consensus first quarter results. The company also offered positive guidance.

Bank of Montreal is expected to open higher after reporting higher than consensus fiscal second quarter earnings. The Bank also raised its dividend.

Macy’s added $0.20 to $12.24 after reporting higher than consensus first quarter revenues and earnings.

EquityClock’s Market Outlook for May 28^th

S&P 500 charts a successful gap fill, but negative seasonal tendencies on the horizon in the month of June. See:
https://equityclock.com/2025/05/27/stock-market-outlook-for-may-28-2025/

Technical Notes

Israel iShares $EIS moved above $84.00 to an all-time high extending an intermediate uptrend.

Silver equity ETF $SIL moved above $42.95 extending an intermediate uptrend.

TSX 60 stocks breaking above intermediate resistance to an all-time high included Metro $MRU.TO on a move above Cdn$107.05, Loblaw Companies $L.TO on a move above Cdn$229.56, George Weston $WN.TO on a move above Cdn$273.19, Dollarama $DOL.TO on a move above Cdn$174.75 and Royal Bank on a move above Cdn$177.68

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 27^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for May 27^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 26^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Bank of Nova Scotia misses Q2 EPS expectation

Bank of Nova Scotia misses Q2 EPS expectation – YouTube

All Eyes On $NVDA: Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=sWgmBmqY-A0

Rick Rule: Gold Stock Outlook, "Superb" Silver Opportunity, Key Uranium Shift

https://www.youtube.com/watch?v=UeK7c9fDjpM

Josef Schachter: Oil to US$80 by Q4? Plus When to Buy the Dip in Stocks

https://www.youtube.com/watch?v=PHSzk57VuLA

Mixed Signals on the Charts? RRG Reveals Market Rotation Tension

https://www.youtube.com/watch?v=E8dk3H2dVsE

S&P 500 Momentum Barometers

The intermediate term Barometer advanced 11.60 to 73.20. It remains Overbought.

The long term Barometer added 5.40 to 52.20. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 4.61 to a five year high at 88.48. It remains Overbought. Daily trend remains up.

The long term Barometer added 0.92 to 71.39. It remains Overbought. Daily trend remains up.

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 May 29, 2025 US Durable Goods Orders for April Stock Market Outlook for May 28, 2025 Stock Market Outlook for May 27, 2025 Stock Market Outlook for May 23, 2025