Pre-opening Comments for Friday March 6^th 2026

U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points at 8:35 AM EST.

S&P 500 futures dropped 14 points following release of February Employment Report at 8:30 AM EST. February Non-farm Payrolls were expected to drop to 54,000 from 130,000 in January. Actual was a 92,000 loss. February Unemployment Rate was expected to slip to 4.3% from 4.4% in January. Actual was 4.4%. February Hourly Earnings were expected to increase 0.3% versus a 0.4% increase in January. Actual was 0.4%. On a year-over-year basis, February Hourly Earnings were expected to increase 3.7%. Actual was 3.8%.

WTI Crude oil gained another $4.57 to $85.60 per barrel.

Gap Stores (GAP) dropped $2.42 to 24.78 after reporting less than consensus fourth quarter results.

Costco (COST) dropped $3.67 to $978.90 despite reporting higher than consensus fiscal second quarter revenues and earnings.

Marvell (MRVL) advanced $11.16 to $86.84 after reporting higher than consensus fourth quarter results.

EquityClock’s Market Outlook for March 6^th

A lot of peculiar moves during the Thursday session as defensive assets fell more than the market.  The reasoning all relates back to normal seasonal tendencies for March. See:

https://equityclock.com/2026/03/05/stock-market-outlook-for-march-6-2026/

Technical Notes

U.S. Crude Oil ETN (USO) moved above $92.20 to a six year high resuming a long term uptrend.

Gasoline ETN (UGA) moved above $80.29 to an all-time high extending an intermediate uptrend.

Global X Uranium ETF (URA) moved below $49.11 completing a double top pattern.

Healthcare SPDRs (XLV) moved below $153.29 completing a double top pattern.

Eli Lilly (LLY) an S&P 100 stock moved below $1,004.15 and $975.49 completing a Head & Shoulders pattern.

Medtronic (MDT) an S&P 100 stock moved below $95.17 completing a double top pattern.

GE Healthcare Technologies (GEHC) an S&P 100 stock moved below $76.66 completing a double top pattern.

CF Industries (CF) moved above $110.52 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 5^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 March 5^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 5^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Headlines Hit the Market — But Buyers Keep Stepping In: Tom Bowley

Headlines Hit the Market — But Buyers Keep Stepping In – YouTube

Are Markets Finally Pricing In Conflict? Guy Adami, Dan Nathan and Liz Thomas

Are Markets Finally Pricing In Conflict? – YouTube

THE BULL TRAP: Why This Stock Market Bounce is a Massive Fakeout Verified Investing

THE BULL TRAP: Why This Stock Market Bounce is a Massive Fakeout – YouTube

Why Oil Isn’t $100 Yet | Strait of Hormuz Crisis: Ninepoint Partners

Why Oil Isn’t $100 Yet | Strait of Hormuz Crisis – YouTube

$120 Oil Ahead? Goldman Sachs

$120 Oil Ahead? – YouTube

‘We would not be selling or panicking right here or now’: Market strategist

‘We would not be selling or panicking right here or now’: Market strategist – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped another 5.60 to 52.80. It remains Neutral. Daily downtrend was extended.

The long term Barometer dropped another 2.40 to 60.40. It remains Overbought. Daily downtrend was extended.

TSX Momentum Barometers

The intermediate term Barometer dropped 3.69 to 67.28. It remains Overbought. Daily downtrend was set.

The long term Barometer was unchanged at 78.34. 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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