Pre-opening Comments for Tuesday June 9th
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points at 8:30 AM EDT.
Nuvalent (NUVL) added $34.36 to $122.85 after GSK offered to buy the company in a deal valued at $10.6 billion.
Vail Resorts (MTN) dropped $6.71 to $130.50 after reporting less than consensus fiscal third quarter earnings. The company also lowered fiscal fourth quarter guidance.
J.M. Smucker (SJM) added $3.69 to $105.46 after reporting higher than consensus fiscal fourth quarter earnings.
EquityClock’s Market Outlook for June 9th
Trajectory of the Dollar and interest rates the key to the fate of the market ahead. See:
https://equityclock.com/2026/06/08/stock-market-outlook-for-june-9-2026/
Technical Notes
UnitedHealth Group (UNH) an S&P 100 stock moved above $404.15 extending an intermediate uptrend.
DexCom (DXCM) a NASDAQ 100 stock moved above $75.97 completing a double bottom pattern.
Corn ETN (CORN) moved below $17.00 extending an intermediate downtrend.
Trade Desk (TTD) a NASDAQ 100 stock moved below $19.74 extending an intermediate downtrend.
Gold Miners ETF (GDX) moved below US$78.74 extending an intermediate downtrend.
Franco-Nevada (FNV.TO) a TSX 60 stock moved below Cdn$300.73 completing a double top pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for June 8th 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 8th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for June 8th 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Market Rebounds From Tech Sell-Off, But Charts Warn Danger Ahead! Trades And Technical Analysis: Verified Investing
Pay Less Attention to the News | Getting the Markets Right with JC O’Hara: Dave Keller
Pay Less Attention to the News | Getting the Markets Right with JC O’Hara – YouTube
The economy is fundamentally weak: Rosenberg on BNN Bloomberg
‘The economy is fundamentally weak’: Rosenberg – YouTube
MRKT Call – Monday, June 8th: Guy Adami, Dan Nathan and Carter Worth
MRKT Call – Monday, June 8th – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 1.80 to 52.80. It remains Neutral.
The short term (20 days) Barometer dropped 5.20 to 55.20. It changed from Overbought to Neutral on a return to below 60.00.
The long term Barometer dropped 1.40 to 57.80. It remains Neutral.
TSX Momentum Barometers
The intermediate term Barometer added 0.91 to 50.91. It remained Neutral.
The short term (20 days) Barometer was unchanged at 49.09. It remained Neutral.
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
|
|
Equity Clock Publications