Pre-opening Comments for Thursday February 26^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:30 AM EST

Nvidia (NVDA) added $2.35 to $197.91 after reporting higher than consensus fourth quarter revenues and earnings. The company also offered positive first quarter guidance.

Equal Weighted Canadian Bank ETF (ZEB.TO) is expected to open higher to another all-time high after Toronto Dominion Bank, Royal Bank and Commerce Bank reported higher than consensus fiscal first quarter earnings.

Trade Desk (TTD) dropped $4.20 to $20.96 after issuing less than consensus first quarter guidance.

Salesforce.com (CRM) dropped $10.75 to $181.00 after issuing first quarter guidance below consensus.

EquityClock’s Market Outlook for February 26^th

S&P 500 Reclaims 6,900 as Tech Surges—But Is the Breakout Real? See:

https://equityclock.com/2026/02/25/stock-market-outlook-for-february-26-2026/

Technical Notes

Global Metals iShares (PICK) moved above $63.80 to an all-time high extending an intermediate uptrend. Triggered by a move by Southern Copper (SCCO: one of the world’s largest copper producers) above $214.78 to an all-time high!

Global Base Metals iShares (XBM.TO) moved above Cdn$37.83 to an all-time high extending an intermediate uptrend.

Lithium ETN (LIT) moved above $75.86 extending an intermediate uptrend.

Nvidia (NVDA) an S&P 100 stock moved above $194.49 resuming an intermediate uptrend.

Lam Research (LRCX) a NASDAQ 100 stock moved above $251.87 to an all-time high extending an intermediate uptrend.

Dollar General (DG) a NASDAQ 100 stock moved above $154.75 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 25^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 25^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 25^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Elements for a meaningful sell-off coming into place: Moody’s Analytics’ Mark Zandi

Elements for a meaningful sell-off coming into place: Moody’s Analytics’ Mark Zandi – YouTube

Bitcoin at Key Support — Is an Interim Low Forming? Joe Rabil

Bitcoin at Key Support — Is an Interim Low Forming? – YouTube

The Best Stocks To Buy & Hold Forever: ValueTrendCanada

The Best Stocks To Buy & Hold Forever – YouTube

S&P 500 Momentum Barometers

The intermediate Barometer added 0.68 to 63.00. It remains Overbought.

The long term Barometer slipped 1.20 to 65.00. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.46 to 75.58. It remains Overbought.

The long term Barometer slipped 0.46 to 78.80. 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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