Pre-opening Comments for Tuesday June 2^nd

U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EST

Alphabet dropped $9.64 to $362.94 after announcing an $80 billion share capital raise.

HPE advanced $11.80 to $58.80 after raising its revenue outlook.

Marvell Technologies gained $48.71 to $268.00 after Nvidia’s Huang said that the stock could join the trillion dollar club.

Dollar General added $5.09 to $114.96 after the company reported higher than consensus first quarter results. The company also issued positive guidance.

EquityClock’s Market Outlook for June 2^nd

Oil and yields re-ememging as threats to the market, particularly in high-flying tech names. See:

https://equityclock.com/2026/06/01/stock-market-outlook-for-june-2-2026/

Technical Notes

S&P 100 and NASDAQ 100 stocks moving above resistance extending an intermediate uptrend included Workday (WDAY) on a move above $153.90, Salesforce.com (CRM) on moves above $193.56 and $204.34, Okta (OKTA) on a move above $127.57, IBM (IBM) on a move above $320.70 and DexCom (DXCM) on a move above $75.97

S&P 100 and NASDAQ 100 stocks moving below support extending intermediate downtrends included Procter & Gamble (PG) on a move below $139.69, Southern Companies (SO) on a move below $90.85, Copart (CPRT) on a move below $32.20, Linde (LIN) on a move below $490.40, AstraZeneca (AZN) on a move below $180.00, American Electric Power (AEP) on a move below $124.18, Chipotle Mexican Grill (CMG) on a move below $30.60 and Xcel Energy (XEL) on a move below $76.18

S&P /TSX Technology iShares (XIT.TO) moved above Cdn$75.29 extending an intermediate uptrend. Most of the strength came from gains by Constellation Software.

Constellation Software (CSU.TO) a TSX 60 stock moved above Cdn$2,999.37 completing a double bottom pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 1^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 June 1^st 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 1^st 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

MRKT Call – Monday, June 1^st: Guy Adami, Dan Nathan and Carter Worth

(Note ratio charts: S&P 500 Equal Weight versus Actual)

https://www.youtube.com/watch?v=h1HRVkeT2EM

We could see some of the biggest stock market gains in our lifetime after 2026: Fundstrat’s Tom Lee

https://www.youtube.com/watch?v=gpxPwY5apDg

TECH IS UNSTOPPABLE! Software RIPS Again, Nvidia CRUSHES Rivals (Key S&P 500 Levels!)

https://www.youtube.com/watch?v=U5-uhsqBDrY

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.40 to 53.00. It remains Neutral.

The short term (20 days) Barometer dropped 4.20 to 46.80. It remains Neutral.

The long term Barometer dropped 3.80 to 55.40. It remains Neutral.

TSX Momentum Barometers

The intermediate term Barometer slipped 0.45 to 61.36. It remains Overbought.

The short term (20 days) Barometer dropped 2.73 to 56.36. It remains Neutral.

The long term Barometer dropped 3.64 to 73.18. 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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