Technical Notes

Home Builders ETF (XHB) moved below $95.17 extending an intermediate downtrend. Responded to an increase in yield on 30 year Treasuries above 5.15% to a nine year high!

Global Timber iShares (WOOD) moved below $64.41 extending an intermediate downtrend.

S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included Coca Cola (KO) on a move above $81.44 to an all-time high, Walmart (WMT) on a move above $134.16 to an all-time high, Workday (WDAY) on a move above $133.04 completing a double bottom pattern, Adobe (ADBE) on a move above $248.75 completing a double bottom pattern, and Mondelez (MDLZ) on a move above $62.26.

General Motors (GM) a Dow Jones Industrial Average stock moved below $71.60 completing a double top pattern

Royal Caribbean Cruises (RCL) a NASDAQ 100 stock moved below $242.33 completing a double top pattern

Imperial Oil (IMO.TO) a TSX 60 stock moved above Cdn$185.73 to an all-time high extending an intermediate uptrend.

Enbridge (ENB.TO) a TSX 60 stock moved above Cdn$73.19 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 19^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 19^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 19^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 4.20 to 47.60. It remains Neutral.

The short term (20 days) Barometer dropped 4.40 to 39.40. It changed from Neutral to Oversold on a drop below 40.00.

The long term Barometer dropped 2.00 to 54.00. It remained Neutral.

TSX Momentum Barometers

The intermediate term Barometer dropped 6.36 to 49.09. It remains Neutral.

The short term (20 day) Barometer dropped 4.55 to 40.45. It remains Neutral. Daily downtrend set.

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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