Pre-opening Comments for Wednesday February 18^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 27 points at 8:35 AM EST.

S&P 500 futures were unchanged following release of the December Durable Goods Orders report at 8:30 AM EST. Consensus was a drop to -2.3 from a 5.3 gain in November (impacted by Boeing aircraft orders), Actual was -1.4.

New York Times (NYT) added $2.22 to 76.25 after Berkshire Hathaway purchased a new position in the stock.

Chevron (CVX) added $0.45 to $181.00 after Berkshire Hathaway added to its position

Domino’s Pizza (DPZ) added $3.68 to $377.18 after Berkshire Hathaway added to its position.

Nvidia advanced 3.83 to $188.80 after reaching an agreement to provide advanced computer chips to Meta Platform.

EquityClock’s Market Outlook for February 18^th

Bonds Moving Higher While Stocks Freeze: A Shift Is Underway See:

https://equityclock.com/2026/02/17/stock-market-outlook-for-february-18-2026/

Technical Notes

U.S. Real Estate iShares (IYR) moved above $100.14 to a three year high extending an intermediate uptrend.

Danaher (DHR) an S&P 100 stock moved below $207.43 and $201.43 setting an intermediate downtrend.

eBay (EBAY) a NASDAQ 100 stock moved below $78.83 setting an intermediate downtrend.

Cognizant Technology (CTSH) a NASDAQ 100 moved below $64.87 and $64.70 setting an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 17^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 17^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 17^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Was Dow 50,000 a Bull Trap? Mark Leibovit

Was Dow 50,000 a Bull Trap? – HoweStreet

The Software Slide Continues: Guy Adami and Dan Nathan

The Software Slide Continues – YouTube

Trading Places Live! February 17, 2026: Tom Bowley

Trading Places Live! February 17, 2026 – YouTube

S&P 500 HEAD & SHOULDERS: The "Crash Trigger" Level Revealed VerifiedInvesting

https://www.youtube.com/watch?v=Esg3lt3zU2I

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.80 to 65.40. It remains Overbought

The long term Barometer dropped 1.20 to 65.40. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 0.92 to 75.58. It remains Overbought.

The long term Barometer added 0.92 to 80.65. 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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