Pre-opening Comments for Friday March 13^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 Index futures were unchanged following release of economic news at 8:30 AM EST. Consensus for updated annualized third quarter U.S. GDP was an improvement to 1.5% from the previous 1.4% estimate. Actual was a drop to 0.7%. Consensus for January Personal Spending was a 0.3% increase. Actual was a 0.4% increase. Consensus for January Personal Income was a 0.5% increase versus a 0.4% in December. Actual was a 0.4% increase. Consensus for January Durable Goods Orders was a 1.3% increase versus a 1.4% drop in December. Actual was unchanged. Consensus for January Core PCE Price Index was a 0.4% increase versus a 0.4% increase in December. Actual was a 0.4% increase. On a year-over-year basis, consensus for January Core PCE Price Index was a 3.1% increase versus a 3.0% increase in December. Actual was a 3.1% increase.

Adobe (ADBE) dropped $16.78 to $253.24 after releasing fiscal first quarter results below consensus estimates. In addition, the company’s CEO announced plans to step down.

Ulta Beauty (ULTA) dropped $53.04 to $571.66 after offering guidance below consensus.

Rubrik (RBRK) added $1.58 to $55.60 after reporting higher than consensus fourth quarter results

EquityClock’s Market Outlook for March 13^th

We added to our Energy exposure during this seasonally strong time of year for the commodities and the stocks. See:

https://equityclock.com/2026/03/12/stock-market-outlook-for-march-13-2026/

Technical Notes

S&P 100 and NASDAQ 100 stocks breaking below support extending an intermediate downtrend included Data General (DG) below $140.00, McCormick (MKC) below $59.62, Incyte (INCY) below $93.54, Old Dominion Freight Lines (ODFL) below $183.61 and QUALCOMM (QCOM) below $131.88

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 12^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 12^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 12^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

THE NEXT BLACK SWAN: Private Credit Freezes & The Oil Shock Crushing the S&P 500 : Verified Investing

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The Market Is Pricing In A Best Case Scenario: Guy Adami, Dan Nathan and Liz Thomas

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Not Even Rising Fear Can Crack This Market: TomBowley

Not Even Rising Fear Can Crack This Market – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped another 7.20 to 32.20. It remains Oversold. Daily downtrend was extended.

The long term Barometer dropped another 3.20 to 50.20. It remains Neutral. Daily downtrend was extended.

Short term (20 days) Barometer dropped another 4.20 to 21.60. It remains Oversold. Daily downtrend was extended.

TSX Momentum Barometers

The intermediate term Barometer dropped another 5.53 to 46.08. It remains Neutral. Daily downtrend was extended.

The long term Barometer dropped another 1.38 to 74.19. It remains Overbought. Daily downtrend was extended.

Short term (20 days) dropped another 9.22 to 27.65. It remains Oversold. 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.

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