Pre-opening Comments for Wednesday June 17^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:35 AM EDT.

Focus today is on the FOMC meeting headed by its new chairman, Kevin Warsch. Results of the meeting are released at 2:00 AM EDT followed by comments by Kevin Warsch at 2:30 PM EST. Consensus calls for no change in the Fed Fund Rate currently at 3.50%-3.75%.

S&P 500 futures added 3 points following release of the May U.S. Retail Sales Report at 8:30 AM EDT. Consensus called for a 0.6% increase versus a 0.5% increase in April. Actual was a 0.9% increase.

La-z-boy (LZB) added $4.95 to $40.01 after reporting higher than consensus fiscal fourth quarter earnings.

EquityClock’s Market Outlook for June 17^th

Outside reversal candlesticks in a key Technology subsector highlight upside exhaustion. See:

https://equityclock.com/2026/06/16/stock-market-outlook-for-june-17-2026/

Technical Notes

Japan iShares (EWJ) moved above $93.77 to an all-time high extending an intermediate uptrend.

GE Aerospace (GE) an S&P 100 stock moved above $347.97 to an all-time high extending an intermediate uptrend.

Oil Service ETF (OIH) moved below $416.28 and $412.02 completing a Head & Shoulders pattern.

First Trust Natural Gas ETF (FCG) moved below $27.50 completing a double top pattern.

Bank of America (BAC) an S&P 100 stock moved above $56.93 to an all-time high extending an intermediate uptrend.

American Express (AXP) a Dow Jones Industrial Average stock moved above $339.98 extending an intermediate uptrend.

Fortis (FTS.TO) a TSX 60 stock moved above Cdn$80.02 to an all-time high extending an intermediate uptrend.

Gildan (GIL.TO) a TSX 60 stock moved below Cdn$74.15 setting an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 16^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 16^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 16^th 2026

Green: Increase from previous day

Red: Decrease from previous day

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S&P 500 Momentum Barometers

The intermediate term Barometer added 2.20 to 66.00. It remains Overbought. Daily uptrend was extended.

The short term (20 days) Barometer dropped 2.20 to 68.80. It remains Overbought.

The long term Barometer added 1.60 to 64.20. It remains Overbought. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 3.18 to 59.55. It remains Neutral.

The short term (20 days) Barometer added 1.82 to 68.64. It remains Overbought.

The long term Barometer added 1.36 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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