Pre-opening Comments for Friday May 1^st

U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points at 8:30 AM EST.

Apple (AAPL) added $5.65 to $277.00 after reporting higher than consensus second quarter revenues and earnings.

Redditt (RDDT) advanced $13.64 to $160.87 after reporting higher than consensus first quarter results. The company also offer positive second quarter guidance.

Atlassian (TEAM) added $16.51 to $85.10 after reporting higher than consensus third quarter results.

Colgate Palmolive (CL) added $1.79 to $87.15 after reporting higher than consensus first quarter results.

EquityClock’s Market Outlook for May 1^st

The S&P 500 Index has averaged a return of 0.9% in May with a gain frequency of 68%. See:

https://equityclock.com/2026/04/30/stock-market-outlook-for-may-1-2026/

Still in “Sell in May” Territory: Mark Leibovit

Still in “Sell in May” Territory – HoweStreet

Technical Notes

Steel ETF (SLX) moved above $103.00 to an all-time high extending an intermediate uptrend.

Altria Group (MO) an S&P 100 stock moved above $69.35 to an all-time high extending an intermediate uptrend.

O’Reilly Automotive (ORLY) a NASDAQ 100 stock moved above $95.63 and $97.35 setting an intermediate uptrend.

TC Energy (TRP.TO) a TSX 60 stock moved above Cdn$90.27 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for April 30^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 30^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for April 30^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

MRKT Call – Thursday, April 30^th: Guy Adami, Dan Nathan and Liz Thomas

https://www.youtube.com/watch?v=QP3_znR9ESc

Market Rally Warning: Why a Pullback May Be Next: ValueTrendCanada

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

Tech Stocks COLLAPSE After Earnings! ⚠️ Gareth Soloway Warns Of Major Shift

Tech Stocks COLLAPSE After Earnings! ⚠️ Gareth Soloway Warns Of Major Shift – YouTube

Reasons are Optional? | Wyckoff Methodology with Bruce Fraser

https://www.youtube.com/watch?v=C3Vmdh3R_L0

S&P 500 Momentum Barometers

The intermediate term Barometer jumped 6.00 to 55.60. It remains Neutral.

The short term (20 days) jumped 10.20 to 60.00. It changed from Neutral to Overbought on a recovery to 60.00.

The long term Barometer added 2.20 to 58.00. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer jumped 12.27 to 56.36. It remains Neutral.

The short term (20 days) Barometer jumped 11.82 to 56.36. It remains Neutral.

The long term Barometer added 2.27 to 71.36. 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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