Pre-opening Comments for Wednesday April 1^st

U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at 8:35 AM EST.

S&P 500 futures slipped 2 points following release of February U.S. Retail Sales at 8:30 AM EST. Consensus called for a 0.5% increase versus a 0.2% drop in January. Actual was a 0.6% increase. Excluding auto sales, consensus was a 0.3% increase versus no change in January. Actual was a 0.5% increase.

President Trump has scheduled a “Speech to the Nation” at 9:00 PM EST. He is expected to release an update on the Iran conflict. WTI Crude Oil dropped $2.04 to $99.34 per barrel in anticipation of the speech.

Nike dropped $1.72 to $51.10 after reporting flat fiscal third quarter revenues.

RH plunged $22.82 to $117.00 after reporting less than consensus fourth quarter revenues and earnings.

Oracle added $0.71 to $147.82 after announcing layoffs of 30,000 employees in preparation for development of AI data centers.

EquityClock’s Market Outlook for April 1^st

The S&P 500 Index has averaged a return of 1.6% in April with a gain frequency of 68%. See:

https://equityclock.com/2026/03/31/stock-market-outlook-for-april-1-2026/

Technical Notes

Pfizer (PFE) a Dow Jones Industrial Average stock moved above $27.94 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 31^st 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 31^st 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 31^st 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

S&P 500 Breakdown: Next Downside Targets to Watch: David Keller

S&P 500 Breakdown: Next Downside Targets to Watch (stockcharts.com)

Trading Places Live! March 31, 2026: Tom Bowley

Trading Places Live! March 31, 2026 – YouTube

Stocks Surging, Oil Topping, Mega Bounce Beginning…Here Is The Forecasts And Shocking Trades: Verified Investing

Stocks Surging, Oil Topping, Mega Bounce Beginning…Here Is The Forecasts And Shocking Trades – YouTube

Oil up, stocks up: something has to give: Guy Adami and Dan Nathan

Stocks Surging, Oil Topping, Mega Bounce Beginning…Here Is The Forecasts And Shocking Trades – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometers added 3.80 to 24.60. It remains Oversold. Daily trend turned up.

The short term (20 days) Barometer advanced 18.00 to 35.20. It remains Oversold. Daily trend turned up. An early technical sign of a short term low were established.

The long term Barometer added 3.60 to 48.80. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer jumped 8.60 to 39.82. It remains Oversold. Daily trend turned up.

The short term (20 days) Barometer jumped 20.81 to 52.04. It changed from Oversold to Neutral on a move above 40.00. Daily trend turned sharply higher.

Long term Barometer added 1.81 to 73.76. 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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