Pre-opening Comments for Tuesday February 10^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:35 AM EST.

S&P 500 futures added 1 point following release of U.S. December Retail Sales. Consensus was a 0.4% increase versus a 0.6% increase in November. Actual was unchanged. Excluding auto sales, consensus was a 0.3% increase versus a 0.5% increase in November. Actual was unchanged.

ON Semiconductor (ON) dropped $3.00 to $62.20 after reporting less than consensus fourth quarter revenues.

Upwork (UPWK) dropped $4.14 to $14.65 after lowering guidance.

BP (BP) dropped $1.48 to $37.74 after the company suspended its share buyback program.

Spotify (SPOT) advanced $41.61 to $456.45 after reporting higher than consensus fourth quarter revenues and earnings. Seasonal influences are favourable until February 23^rd. See seasonality chart at www.equityclock.com

EquityClock’s Market Outlook for February 10^th

Late-February Volatility on the Horizon —Here’s How We’re Positioning. See:

https://equityclock.com/2026/02/09/stock-market-outlook-for-february-10-2026/

Technical Notes

Global Timber and Forest iShares (WOOD) moved above $78.96 extending an intermediate uptrend.

Bank of New York Mellon (BK) an S&P 100 stock moved above $125.33 to an all-time high extending an intermediate uptrend.

Citigroup (C) an S&P 100 stock moved above $123.53 to an all-time high extending an intermediate uptrend.

Brookfield Infrastructure Partners (BIP) a TSX 60 stock moved above US$38.42 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 9^th 2026

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 February 9^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 9^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

DOW 50,000 SELL SIGNAL! China Dumps Debt & Stock Market Warning: Verified Investing

DOW 50,000 SELL SIGNAL! China Dumps Debt & Stock Market Warning – YouTube

Market Rotation Continues: Where Can We Find Value? | $JETS $XLE $CL: Guy Adami, Dan Nathan and Carter Worth

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

S&P 500 Momentum Barometers

The intermediate term Barometer slipped 0.80 to 67.80. It remains Overbought.

The long term Barometer added 0.20 to 68.60. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 3.23 to 79.72. It remains Overbought.

The long term Barometer was unchanged at 82.49. 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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