Pre-opening Comments for Tuesday May 12^th

S&P 500 futures following release of the April U.S. Consumer Price Report at 8:30 AM EST. Consensus called for a 0.6% increase versus a 0.9% increase in March. Actual was. On a year-over-year basis. April CPI was expected to increase3.8% versus a 3.3 increase in March. Actual was Excluding food and energy, consensus was a 0.3% increase versus a 0.2% increase in March. Actual was. On a year-over-year basis April core CPI was expected to increase 2.7% versus a 2.6% in March. Actual was

Hims & Hers Health dropped $3.09 to $26.05 after reporting a first quarter loss.

Technical Notes

Silver ETN (SLV) moved above $75.16 resuming an intermediate uptrend.

Barrick Gold (ABX.TO) a TSX 60 stock moved above Cdn$60.71 resuming an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving below support extending an intermediate downtrend included Wells Fargo (WFC) on a move below $73.61, MercadoLibre (MELI) on a move below $1,593.21, AT&T (T) on a move below $24.94, Intuitive Surgical (ISRG) on moves below $447.71 and $427.84, Mosaic (MOS) on a move below $21.61, McCormick (MKC) on a move below $47.10 and Fastenol (FAST) on a move below $43.29 and $43.23.

TSX 60 stocks moving below support extending an intermediate downtrend included Canadian Tire (CTC.A.TO) on a move below Cdn$188.52 and Shopify (SHOP.TO) on a move below Cdn$14300.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 11^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 11^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 11^th 2026

Green: Increase from previous day

Red: Decrease from previous day

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S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.80 to 49.00. It remains Neutral.

The short term (20 days) Barometer dropped 1.40 to 41.80. It remains Neutral. Daily downtrend was extended.

The long term Barometer dropped 0.36 to 54.60. It remains Neutral. Daily downtrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 3.18 to 64.09. It remains Overbought.

The short term (20 days) Barometer added 1.36 to 65.45. It remains Overbought.

The long term Barometer dropped $1.36 to $74.55. 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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