Pre-opening Comments for Thursday August 28^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points at 8:35 AM EDT.

S&P 500 futures added 5 points following an updated release of second quarter GDP. Consensus was unchanged at a 3.0% gain versus a 0.5% drop in the first quarter. Actual was a 3.3% gain

NVidia (NVDA) dropped $5.00 to $176.60 following release of second quarter results. Third quarter guidance was less than consensus.

Snowflake (SNOW) advanced $24.11 to $224.41 after reporting higher than consensus second quarter revenues. The company also offered positive guidance.

Canadian Imperial Bank of Commerce and Toronto Dominion Bank are expected to open higher after reporting higher than consensus fiscal third quarter results.

Urban Outfitters (URBN) dropped $4.88 to $73.13 after reporting less than consensus second quarter results.

Technical Notes

S&P 100 and NASDAQ 100 stocks moving above resistance extending intermediate uptrends included Royal Caribbean Cruises (RCL), General Dynamics (GD), MongoDB (MDB) and ConocoPhillips (COP), Seasonal influences are favourable for Royal Caribbean until November 17^th and are favourable for General Dynamics until October 9^th. See seasonality charts at www.equityclock.com

S&P 100 and NASDAQ 100 stocks moving below support extending intermediate downtrends included Coca Cola EuroPacific Partners (CCEP), JD.Com (JD) and DexCom (DXCM),

Commerce Bank (CM.TO) a TSX 60 stock moved above Cdn$102.02 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until October 27^th. See seasonality chart at www.EquityClock.com

Dollarama (DOL.TO) a TSX 60 stock moved below intermediate support at Cdn$184.63.

Trader’s Corner

Equity Indices and Related ETFs

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

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 27^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Peter Boockvar: The Stocks That Win In A Weak Dollar World: Dan Nathan

Peter Boockvar: The Stocks That Win In A Weak Dollar World – YouTube

Seeing several positive momentum factors heading into 2026, says Edward Jones’ Mona Mahajan

Seeing several positive momentum factors heading into 2026, says Edward Jones’ Mona Mahajan – YouTube

Financials hit a new all-time high: The Committee’s top bank plays

Financials hit a new all-time high: The Committee’s top bank plays – YouTube

The Secret Rules For Selling Stocks Revealed! ValueTrendCanada

https://www.youtube.com/watch?v=dUEQbWOXGF4

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.40 to 66.80. It remains Overbought.

The long term Barometer added 0.40 to 67.60. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 0.95 to 67.30. It remains Overbought.

The long term Barometer added 0.95 to 82.46. 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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