Pre-opening Comments for Tuesday March 10^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EST

Hewlett Packard Enterprises (HPE) added $0.19 to $22.00 after the company issued positive guidance.

Vertex (VRTX) advanced $29.13 to $490.00 after announcing positive results from a Phase 3 trial.

Novo Nordisk (NVO) dropped $0.39 to $39.39 after TD Cowen downgraded the stock from Buy to Hold.

EquityClock’s Market Outlook for March 10^th

Monday’s rally/reversal could have easily represented a washout event worthy to add risk into, however, more stabilization may be needed before increasing intermediate-term risk exposure in portfolios. See:

https://equityclock.com/2026/03/09/stock-market-outlook-for-march-10-2026/

Technical Notes

Home Builders SPDRs (XHB) moved below $102.71 setting an intermediate downtrend.

U.S. Brokers iShares (IAI) moved below $164.74 and $165.27 setting an intermediate downtrend.

U.S. Healthcare Providers (IHF) moved below $44.26 extending an intermediate downtrend.

Water Resources ETF (PHO) moved below $69.04 completing a double top pattern..

S&P 100 and NASDAQ 100 stocks moving below support setting intermediate downtrends included Nike (NKE) on a move below $56.61, Monster Beverages (MNST) on a move below $74.87, MMM (MMM) on a move below $149.88, Micron (MU) on a move below $363.90

CapREIT iShares (IYR.TO) moved below Cdn$15.79 extending an intermediate downtrend.

Barrick Gold (ABX.TO) a TSX 60 stock moved below Cdn$60.93 completing a double top pattern.

Trader’s Corner

Equity Indices and Related ETFs

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

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 9^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

War, Oil Shock, and Weak Jobs Pound S&P 500: Tom Bowley

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

Volatility Spikes, Oil Surges: What The Charts Tell Us: Dan Nathan and Carter Worth

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

‘Oil is a sell, gold’s a sell, stocks are a buy’: Thorne

https://www.youtube.com/watch?v=Tz2-H_f9qPQ

Oil Rally Ending Soon? Sector Rotation Strategy Revealed: ValueTrendCanada

https://www.youtube.com/watch?v=Wlk_9cbvxew

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.80 to 46.00. It remains Neutral

The long term Barometer was unchanged at 57.60. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer was unchanged at 57.14. It remains Neutral.

The long term Barometer dropped 1.38 to 76.50. It remains Overbought. Daily downtrend was extended.

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.

More from the network: Stock Market Outlook for March 30, 2026 Stock Market Outlook for March 27, 2026 Stock Market Outlook for March 26, 2026 Stock Market Outlook for March 25, 2026 Stock Market Outlook for March 24, 2026