Pre-opening Comments for Friday June 12^th

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

Adobe (ADBE) dropped $14.58 to $218.80 despite reporting higher than consensus second quarter results. Weakness was related to news that the company’s Chief Financial Officer is leaving.

Lennar (LEN) dropped $1.95 to $93.00 after reporting less than consensus second quarter revenues.

SpaceX (SPCX) starts trading this morning. Issue price is $135 per share.

Advanced Micro Devices (AMD) added another $13.12 to $501.57 after Citigroup upgraded the stock

WTI Crude Oil dropped $3.48 to $84.21 in anticipation of an agreement with Iran to halt conflict.

EquityClock’s Market Outlook for June 12^th

The shallowest year-to-date percentage change in initial jobless claims on record (excluding the pandemic) is expressing serious concerns pertaining to the health of the labor market.

See:

https://equityclock.com/2026/06/11/stock-market-outlook-for-june-12-2026/

Technical Notes

Eurozone iShares (EZU) moved above $69.44 to an all-time high extending an intermediate uptrend.

S&P 100 stocks moving above resistance extending an intermediate uptrend included General Dynamics (GD) on a move above $353.57, CVS Health (CVS) on a move above $98.43 to an all-time high and Kraft Heinz (KHC) on a move above $24.27 and $24.34

Autodesk (ADSK) an S&P 100 stock moved below $214.10 extending an intermediate downtrend.

Pembina Pipeline (PPL.TO) a TSX 60 stock moved above Cdn$69.10 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 11^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 June 11^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 11^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Here’s Where Money Is Flowing Right Now: Joe Rabil

Here’s Where Money Is Flowing Right Now – YouTube

S&P 500 Overvalued? Best TSX Stocks to Own Now: ValueTrendCanada

S&P 500 Overvalued? Best TSX Stocks to Own Now – YouTube

INFLATION SHOCK: Hot PPI Data! AI Bubble (SMCI, ORCL) + S&P 500 Trend Change: Verified Investing

INFLATION SHOCK: Hot PPI Data! AI Bubble (SMCI, ORCL) + S&P 500 Trend Change – YouTube

MRKT Call – Thursday, June 10^th: Guy Adami and Liz Thomas

MRKT Call – Thursday, June 10th – YouTube

Tom Bowley | Everything Just Changed In This Market: Now What?

Everything Just Changed In This Market — Now What? (stockcharts.com)

S&P 500 Momentum Barometers

The intermediate term Barometer added 6.20 to 57.40. It remained Neutral.

The short term (20 days) Barometer added 7.80 to 64.80. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.

The long term Barometer added 2.00 to 60.80. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 0.91 to 50.91. It remained Neutral.

The short term Barometer added 4.09 to 52.27. It remained Neutral.

The long term Barometer added 3.18 to 63.64. 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

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