Pre-opening Comments for Thursday February 19^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:35 AM EST.

S&P 500 futures were unchanged following release of economic news at 8:30 AM EST. Consensus for the February Philly Fed Index called for a drop to 10.0 from 12.6 in January. Actual was 16.3. Consensus for the December Trade Deficit was $56.0 billion versus $56.8 billion in November. Actual was $70.3 billion

eBay (EBAY) advanced $3.06 to $85.24 after reporting higher than consensus fourth quarter earnings and revenues. The company also raised its dividend. Seasonal influences are favourable until April 15^th. See seasonality chart at www.EquityClock.com

Molson Coors (TAP) dropped $3.37 to $47.45 after reporting less than consensus fourth quarter revenues.

DoorDash (DASH) dropped $6.78 to $167.00 after reporting less than consensus fourth quarter revenues and earnings.

Canadian Tire (CTC.A.TO) is expected to open higher after reporting higher than consensus fourth quarter revenues and earnings. Seasonal influences are favourable until May 24^th. See seasonality chart at www.EquityClock.com

EquityClock’s Market Outlook for February 19^th

Oil Surges, Manufacturing Booms—But the S&P Is Still Stuck. See:

https://equityclock.com/2026/02/18/stock-market-outlook-for-february-19-2026/

Technical Notes

BMO Emerging Markets ETF (ZEM.TO) moved above Cdn$30.00 to an all-time high extending an intermediate uptrend.

Monster Beverages (MNST) a NASDAQ 100 stock moved above $83.24 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 18^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 18^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 18^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Is The AI Rally Back On Track? Guy Adami, Dan Nathan and Carter Worth

Is The AI Rally Back On Track? – YouTube

2-18-26 100-DMA Bounce: Range-Bound Markets & Energy Risk | Before the Bell

2-18-26 100-DMA Bounce: Range-Bound Markets & Energy Risk | Before the Bell – YouTube

Sector Strength Is Building Even as the Market Stalls: Joe Rabil

Sector Strength Is Building Even as the Market Stalls (stockcharts.com)

S&P 500 Momentum Barometers

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

The long term Barometer added 2.80 to 68.00. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 0.92 to 76.50. It remains Overbought.

The long term Barometer was unchanged at 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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