Pre-opening Comments for Thursday May 29^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 50 points at 8:35 AM EDT.

S&P 500 futures added 4 points following release of revised first quarter annualized real GDP released at 8:30 AM EDT. Consensus was a 0.4% drop versus a 2.4% gain in the fourth quarter. Actual was a 0.2% drop.

Nvidia advanced $6.31 to $141.12 after reporting higher than consensus first quarter revenues and earnings.

Salesforce.com gained $2.94 to $278.97 after reporting higher than consensus first quarter revenues and earnings.

HP Inc dropped $4.09 to $23.26 after reporting less than consensus fiscal second quarter results. The company also issued third quarter guidance below consensus.

Synopsys added $5.57 to $468.00 after reporting higher than consensus first quarter revenues.

EquityClock’s Market Outlook for May 29^th

The value of new orders of computers and related products are showing their strongest pace on record through the first four months of the year and this has us enticed to the various segments of the technology sector that are working. See:

https://equityclock.com/2025/05/28/stock-market-outlook-for-may-29-2025/

Technical Notes

Global X Uranium ETF $URA moved above$33.09 to a 12 year high extending an intermediate uptrend.

JD.com $JD a NASDAQ 100 stock moved below $31.80 resuming an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 28^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 28^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 28^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Larry Williams’ outlook for U.S. equity indices

https://stockcharts.com/tv/

Natural Gas Bull Run Begins as Oil Faces Headwinds | Eric Nuttall

https://www.youtube.com/watch?v=SaMbSVK1z1c

CHART THIS with David Keller, CMT Wednesday 5/28/25

https://www.youtube.com/watch?v=vMViHC3WHlg

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 7.00 to 66.20. It remains Overbought.

The long term Barometer dropped 2.80 to 49.40. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer dropped 0.92 to 87.56. It remains Overbought.

The long term Barometer added 0.92 to 72.81. It remains Overbought. Daily uptrend was extended.

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 30, 2025 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