Pre-opening Comments for Wednesday May 6^th

U.S. equity index futures were higher this morning. Futures responded to anticipation of an agreement between the U.S. and Iran that will re-open the Strait of Hormuz. S&P 500 futures were up 56 points at 8:30 AM EST.

Alphabet (GOOGL) advanced $5.99 to $394.42 after Anthropic announced purchase of GOOGL chips valued at $200 billion over the next five years.

Advanced Micro Devices (AMD) added $ 26.10 to 382.00 after reporting higher than consensus first quarter revenues and earnings. The company also released positive second quarter guidance.

Super Micro Computers (SMCI) gained $4.47 to $32.30 after reporting higher-than-consensus first quarter results.

Arista Networks (ANET) dropped after reporting less than consensus first quarter results.

EquityClock’s Market Outlook for May 6^th

Waning selling pressures heading into the optimal holding period for Health Care providing an intriguing setup. See:

https://equityclock.com/2026/05/05/stock-market-outlook-for-may-6-2026/

Technical Notes

Microchip Technology (MCHP) a NASDAQ 100 stock moved above $95.71 to an all-time high extending an intermediate uptrend.

Suncor (SU.TO) a TSX 60 stock moved above Cdn$94.34 to an all-time high extending an intermediate uptrend.

Strength in Suncor was a major reason why the TSX Energy iShares (XEG.TO) moved above Cdn$27.90 to an all-time high extending an intermediate uptrend

Ditto for BMO Equal Weight Cdn Oil ETF (ZEO.TO) on a move above Cdn$107.00 to an all-time-high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 5^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 May 5^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 5^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Trading Places Live! May 5, 2026 Tom Bowley

Note comments on “Sell in May and Go Away” and uses of seasonality

Trading Places Live! May 5, 2026 – YouTube

Tech SURGES as Oil Cools: Is the Bull Market Unstoppable? Key Levels To Trade, Stocks, Bitcoin, Gold: Verified Investing

Tech SURGES as Oil Cools: Is the Bull Market Unstoppable? Key Levels To Trade, Stocks, Bitcoin, Gold – YouTube

Every Warning Light Is On & This Market Doesn’t Care: Guy Adami and Danny Moses

Every Warning Light Is On & This Market Doesn’t Care – YouTube

MRKT Call – Tuesday, May 5^th: Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=hO7yLWrkXO4

Top 10 Charts for May 2026 – New Highs and Strong Trends: Dave Keller

https://www.youtube.com/watch?v=22ZJ0ALhJVs

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.40 to 52.80. It remains Neutral.

The short term Barometer added 4.00 to 50.40. It remains Neutral.

The long term Barometer added 0.20 to 55.80. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 1.82 to 53.64. It remains Neutral.

The short term (20 days) Barometer added 1.82 to 51.36. It remains Neutral.

The long term Barometer added 0.45 to 70.00. 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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