Pre-opening Comments for Friday May 29^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EDT.

Costco added $4.35 to $999.75 after reporting higher than consensus fiscal third quarter results.

Dell gained $119.20 to $436.25 after reporting higher than consensus first quarter results.

MongoDB added $39.32 to $365.00 after reporting higher than consensus first quarter results.

Gap Stores dropped $3.20 to $27.80 after reporting less than consensus first quarter results.

EquityClock’s Market Outlook for May 29^th

Defense stocks looking set to defend portfolios this summer. See:

https://equityclock.com/2026/05/28/stock-market-outlook-for-may-29-2026/

Could SpaceX Create an Investment Vacuum? Mark Leibovit

Could SpaceX Create an Investment Vacuum? – HoweStreet

Technical Notes

Consumer Discretionary SPDRs (XLY) moved above $121.85 resuming an intermediate uptrend.

Global Base Metals iShares (XBM.TO) closed at an all-time closing high thanks mainly to HudBay Minerals (HBM.TO) on a move above Cdn$38.93 to an all-time high, First Quantum Minerals (FM.TO) on a move above Cdn$40.98 and Alcoa (AA) on a move above US$75.58 to a four year high.

China Large Cap iShares (FXI) moved below $34.77 extending an intermediate downtrend.

Palladium ETN (PALL) moved below $24.35 extending an intermediate downtrend.

Eli Lilly (LLY) an S&P 100 stock moved above $1,130.12 to an all-time high extending an intermediate uptrend.

Illumina (ILMN) a NASDAQ 100 stock moved above $155.53 and $155.66 resuming an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for May 28^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 28^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for May 28^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

MRKT Call – Thursday, May 28^th: Guy Adami, Dan Nathan and Liz Thomas

https://www.youtube.com/watch?v=h4AI7Pt8ELc

PCE Sparks Bounce As Oil Inch Inches Up, Nasdaq Hitting a Wall? (Dell, Bitcoin & Oil Levels)

https://www.youtube.com/watch?v=TCIU03ZECLA

Brad Gerstner on the market, tech and the flood of mega IPOs

Brad Gerstner on the market, tech and the flood of mega IPOs – YouTube

Gold Pullback Is “Heaven Sent” as Mining M&A Builds | Rick Rule

Gold Pullback Is “Heaven Sent” as Mining M&A Builds | Rick Rule – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.60 to 56.60. It remained Neutral.

The short term (20 days) Barometer dropped 2.00 to 54.80. It remained Neutral.

The long term Barometer added 1.69 to 60.00. It changed from Neutral to Overbought on a move to 60.00.

TSX Momentum Barometers

The intermediate term Barometer added 6.36 to 60.00. It returned to Overbought from Neutral on a recovery to 60.00.

The short term (20 days) Barometer added 6.36 to 55.45. It remained Neutral.

The long term Barometer added 0.91 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

More from the network: Stock Market Outlook for May 29, 2026 Stock Market Outlook for May 28, 2026 Stock Market Outlook for May 27, 2026 Stock Market Outlook for May 26, 2026 Stock Market Outlook for May 22, 2026