Pre-opening Comments for Friday May 22^nd

U.S. equity index futures were higher this morning. The Dow Jones Industrial Average is expected to open above its all-time high at 50,512.79. S&P 500 futures were up 25 points at 8:30 AM EST.

Take Two Interactive (TTWO) advanced $13.99 to $252.06 after reporting higher than consensus fiscal fourth quarter bookings. The company also reaffirmed launch of Grand Theft Auto 6 in November.

Zoom Communications (ZM) added 7.40 to $104.18 after reporting higher than consensus first quarter revenues and earnings. The company also raised guidance.

Ross Stores added $11.81 to $229.00 after reporting higher than consensus first quarter revenues and earnings.

EquityClock’s Market Outlook for May 22^nd

Canadian stocks perking up after a multi-week pause. See:

https://equityclock.com/2026/05/21/stock-market-outlook-for-may-22-2026/

SpaceX IPO Excitement Rocketing: Mark Leibovit

https://www.howestreet.com/2026/05/spacex-ipo-excitement-rocketing-mark-leibovit/

Technical Notes

Dow Jones Industrial Average SPDRs (DIA) moved above $503.09 to an all-time high extending an intermediate uptrend.

China Internet ETF (KWEB) moved below $27.62 extending an intermediate downtrend.

Agribusiness ETF (MOO) moved below $79.89 completing a double top pattern.

Intuit (INTU) an S&P 100 stock moved below $342.11 extending an intermediate downtrend.

NetEase (NTES) a NASDAQ 100 stock moved below $108.75 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 21^st 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 21^st 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 21^st 2026

Green: Increase from previous day

Red: Decrease from previous day

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OIL SPIKES Past $100 As Iran Deal Collapses! Nvidia BEATS But Stalls?! | My Trading Game Plan: Verified Investing

OIL SPIKES Past $100 As Iran Deal Collapses! Nvidia BEATS But Stalls?! | My Trading Game Plan – YouTube

Walmart’s Warning Hits Stocks as Oil Spikes: Guy Adami, Dan Nathan and Liz Thomas

https://www.youtube.com/watch?v=NNv-_y77xDk

The Market Just Pulled Back — Here’s Why Tom Bowley

The Market Just Pulled Back — Here’s Why – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 1.80 to 54.80. It remained Neutral. Daily uptrend was extended.

The short term (20 days) Barometer added 5.20 to 51.80. It remained Neutral. Daily uptrend was extended.

The long term Barometer added 0.80 to 57.40. It remained Neutral. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 1.36 to 57.73. It remained Neutral.

The short term (20 days) Barometer added 3.84 to 54.09. It remained Neutral

The long term Barometer advanced 2.27 to 70.91. 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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