Pre-opening Comments for Thursday April 9^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points at 8:35 AM EST. S&P 500 futures responded to news that Iran continues to block access through the Strait of Hormuz. WTI Crude oil futures rose $4.97 to $99.40 per barrel.

S&P 500 Index futures slipped 1 point following release of U.S. economic news at 8:30 AM EST. Consensus for February Personal Income was a 0.3% increase versus a 0.4% increase in January. Actual was a 0.1% drop. Consensus for February Personal Spending was a 0.6% increase versus a 0.4% increase in January. Actual was a 0.5% increase. Consensus for February Core PCE Price Index was a 0.4% increase versus a 0.4% increase in January. Actual was a 0.4%. On a year-over-year basis, consensus for February Core PCE Price Index was a 3.0% increase versus a 3.1% increase in January. Actual was a 3.0% increase.

Constellation Brands (STZ) dropped $2.20 to $148.06 after lowering its outlook for 2027.

Applied Digital (APLD) added $2.61 to $27.79 after reporting higher than consensus fiscal third quarter results.

Marvell (MRVL) added $5.40 to $119.75 after Barclays upgraded the stock.

EquityClock’s Market Outlook for April 9^th

We’ve taken the contrarian view and we have been winning with our disciplined three-pronged approach. See:

https://equityclock.com/2026/04/08/stock-market-outlook-for-april-9-2026/

Technical Notes

Semiconductor iShares (SOXX) moved above $368.59 to an all-time high extending an intermediate uptrend.

Intel (INTC) an S&P 100 stock moved above $54.60 to a five year high extending an intermediate uptrend.

Costco (COST) an S&P 100 stock moved above $1,028.44 setting an intermediate uptrend.

Booking Holdings (BKNG) an S&P 100 stock moved above $184.94 completing a double bottom pattern.

Rio Tinto (RIO) one of the largest base metals miners in the world moved above US$98.77 to an all-time high extending an intermediate uptrend.

Toronto Dominion Bank (TD.TO) a TSX 60 stock moved above Cdn$136.49 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 8^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 April 8^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 8^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Target HIT! S&P 500 Surges to 6,800 (Why I’m Flipping SHORT Now) | Gareth Soloway

https://www.youtube.com/watch?v=H_JKUM1Bi_8

World War III Postponed: Where Does The S&P 500 Go From Here? Guy Adami and Carter Worth

World War III Postponed: Where Does The S&P 500 Go From Here? – YouTube

These Stocks Are Close to Triggering New Buy Signals Joe Rabil

These Stocks Are Close to Triggering New Buy Signals Joe Rabil – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer jumped 17.40 to 48.40. It changed from Oversold to Neutral. Daily uptrend was extended.

The short term (20 days) jumped 21.60 to 74.00. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.

The long term Barometer advanced 6.00 to 55.80. It remains Neutral. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer advanced 8.14 to 59.28. It remains Neutral. Daily uptrend was extended.

The short term (20 days) Barometer added 3.62 to 75.57. It remains Overbought. Daily uptrend was extended.

The long term Barometer added $2.71 to 75.57. It remains Overbought. Daily uptrend 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 April 29, 2026 Stock Market Outlook for April 28, 2026 Stock Market Outlook for April 27, 2026 Stock Market Outlook for April 24, 2026 Stock Market Outlook for April 23, 2026