Pre-opening Comments for Wednesday August 6^th

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

Shopify advanced $14.84 to Cdn$190.00 after reporting higher than consensus second quarter results.

Skyworks Solutions advanced $4.37 to $72.00 after reporting higher than consensus fiscal third quarter revenues and earnings.

Super Micro Computer dropped $6.06 to$51.20 after reporting less than consensus fiscal fourth quarter revenues and earnings.

Advanced Micro Devices dropped $5.65 to $168.48 despite reporting higher than consensus second quarter results.

EquityClock’s Market Outlook for August 6^th

Short-term trend of the market appears to be shifting, aligned with seasonal norms. See:

https://equityclock.com/2025/08/05/stock-market-outlook-for-august-6-2025/

Technical Notes

Impressive move by TSX Gold iShares above Cdn$32.40 to an all-time high extending an intermediate uptrend!

Barrick Gold (ABX.TO) was a TSX 60 leader with a move above Cdn$30.41 to a 4 year high.

20 year+ Treasury Bonds iShares (TLT) moved above $87.97 completing a double bottom pattern.

Lowes Companies (LOW) moved above $236.28 completing a double bottom pattern.

Vertex (VRTX) a NASDAQ 100 stock moved below $416.60 and $377.85 setting an intermediate downtrend.

Bank of America (BAC) an S&P 100 stock moved below $45.01 completing a double top pattern.

Electronic Arts (EA) a NASDAQ 100 stock moved above $160.99 extending an intermediate uptrend

Enbridge (ENB.TO) a TSX 60 stock moved above Cdn$65.09 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

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

Green: Increase from previous day

Red: Decrease from previous day

Sectors

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

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Goldman Sachs’ David Kostin: Large percentage topline index return is coming from big tech

Goldman Sachs’ David Kostin: Large percentage topline index return is coming from big tech – YouTube

Caution seeping into markets as seasonality and macro trends emerge, says RBC’s Amy Wu Silverman

Caution seeping into markets as seasonality and macro trends emerge, says RBC’s Amy Wu Silverman – YouTube

Stephanie Link: Expect market volatility for the next two months but setup into year-end is positive

Stephanie Link: Expect market volatility for the next two months but setup into year-end is positive – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.40 to 55.20. It remains neutral.

The long term Barometer dropped 2.00 to 57.20. It remains neutral.

TSX Momentum Barometers

The intermediate term Barometer jumped 14.15 to 68.40. It changed from neutral to overbought on a recovery above 60.00.

The long term Barometer added 2.83 to 82.55. It remains Overbought.

The short term (20 days) Barometer jumped 17.92 to 53.30.

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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