Pre-opening Comments for Friday June 6^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 45 points at 8:35 AM EDT.

S&P 500 futures added 18 points following release of the U.S. May Employment Report. Consensus for May Non-farm Payrolls was a drop to 125,000 from revised 147,000 in April. Actual was 139,000. Consensus for the May Unemployment Rate was unchanged from April at 4.2%. Actual was. unchanged. Consensus for May Average Hourly Earnings was a 0.3% increase versus a 0.2% gain in April. Actual was a 0.4% gain.

The Canadian Dollar added 0.07 to US73.12 cents following release of Canada’s May Employment Report at 8:30 AM EDT. Consensus called for a 12,000 drop in employment. Actual was an 8,800 gain. Consensus called for an increase in the unemployment rate to 7.0% from 6.9% in April. Actual was an increase to 7.0%

Lulu Lemon dropped $69.78 to $261.00 after issuing guidance below consensus following release of first quarter results.

Tesla recovered $14.57 to $299.26 after a dispute between Elon Musk and President Trump is expected to be addressed today.

EquityClock’s Market Outlook for June 6^th

International trade in Canada became completely derailed in April, but the areas where exports are staying afloat are indicative of where to allocate portfolios in this uncertain market/economy. See:

https://equityclock.com/2025/06/05/stock-market-outlook-june-6-2025/

Technical Notes

Emerging Markets iShares $EEM moved above $46.65 to a three year high extending an intermediate uptrend.

Platinum ETN (PPLT) moved above $100.00 and $104.67 extending an intermediate uptrend.

Silver Bullion ETN (SLV) moved above $31.80 to a 13 year high extending an intermediate uptrend. Silver Miners ETF (SIL) moved above $49.51 to a 12 year high extending an intermediate uptrend. Notable silver stock breakouts were Pan-American Silver (PAAS) on a move above $28.48, Hecla Mining (HL) on a move above $6.44 and First Majestic Silver on a move above $8.41

TSX Global Gold iShares (XGD.TO) moved above Cdn$32.08 to an all-time high extending an intermediate uptrend.

Base Metals ETFs moved above resistance extending an intermediate uptrend. TSX Global Base Metals iShares (XBM.TO broke above Cdn$19.41. Global X Copper Miners (COPX) moved above $43.44. Among individual stocks, Southern Copper (SCCO) moved above US$94.71 and Teck Resources moved above US$38.80

S&P 100 stocks and NASDAQ 100 stocks moving above resistance extending intermediate uptrends included Match (MTCH) on a move above $31.08, Chipotle Mexican Grill (CMG) on a move above $52.32 and Emerson Electric (EMR) on a move above $122.08.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 5^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 June 5^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 5^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Why ADX Can Mislead You — And How to Avoid It: Joe Rabil

Why ADX Can Mislead You — And How to Avoid It – YouTube

Here’s Why the S&P 500 is About to EXPLODE Higher: Tom Bowley

Here’s Why the S&P 500 is About to EXPLODE Higher – YouTube

CHART THIS with David Keller, CMT Thursday 6/5/25

https://www.youtube.com/watch?v=SFr-S5T_Cug

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 3.20 to 67.80. It remains Overbought.

The long term Barometer dropped 2.00 to 49.00. It remains Neutral.

Short term (20 days) Barometer plunged 6.40 to 51.40.

TSX Momentum Barometers

The intermediate term Barometer added 0.92 to an all-time high at 91.24. It remains Overbought. Daily uptrend was extended.

The long term Barometer slipped 0.46 to 74.65. It remains Overbought.

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.

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