Pre-opening Comments for Friday May 15^th

U.S. equity index futures were lower this morning. S&P 500 futures dropped points at 8:35 AM EST. Futures responded to an increase in U.S. interest rates. Yield on 10 year Treasury Notes increased to 4.54%, a 12 month high.

Applied Materials (AMAT) added $7.74 to $448.30 after reporting higher than consensus fiscal second quarter revenues and earnings. The company also offered positive guidance.

Boeing dropped another $0.51 to $228.70 on disappointment that China’s expected orders for new Boeing aircraft dropped from 500 to 200.

EquityClock’s Market Outlook for May 15^th

The gamma exposed tailwind may be set to go away following options expiration, lending to the normal consolidation/digestion of strength in equity prices during the middle of May.

See:

https://equityclock.com/2026/05/14/stock-market-outlook-for-may-15-2026/

Technical Notes

Ford (F) an S&P 100 stock moved above $14.61 extending an intermediate uptrend.

Thomson Reuters (TRI.TO) a TSX 60 stock moved below Cdn$108.50 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 14^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 14^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 14^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Even With Bad News – Semiconductors Go Higher! Tom Bowley

Even With Bad News – Semiconductors Go Higher! – YouTube

Keep Riding Stocks At All-Time Highs Despite Bubble Fears: Guy Adami and Liz Thomas

Keep Riding Stocks At All-Time Highs Despite Bubble Fears – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.40 to 47.00. It remained Neutral.

The short term (20 days) Barometer was unchanged at 41.40. It remained Neutral.

The long term Barometer added 0.60 to 55.00. It remained Neutral.

TSX Momentum Barometers

The intermediate term Barometer added 0.91 to 62.27. It remained Overbought.

The short term (20 days) Barometer added 4.55 to 62.27. It changed back from Neutral to Overbought.

The long term Barometer added $0.45 to 73.64. It remained 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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