Responses to FOMC news at 2:00 PM EDT yesterday

The FOMC maintained its Fed Fund Rate at 3.50%-3.75% as expected. Responses after 2:00 PM EDT were as follows:

S&P 500 Index ($SPX) closed sharply lower

Price of long term (20+years) Treasury Bonds (TLT) initially dropped, then rallied, then closed virtually unchanged.

The U.S. Dollar ETN (UUP) moved sharply higher.

Money center bank SPDRs (KBE) moved sharply lower.

Technical Notes

JP Morgan (JPM) an S&P 100 stock moved above $334.16 to an all-time high extending an intermediate uptrend.

Vertex Pharma (VRTX) a NASDAQ 100 stock moved above $456.08 resuming an intermediate uptrend.

Costar (CSGP) a NASDAQ 100 stock moved below $31.35 extending an intermediate downtrend.

Schlumberger (SLB) a NASDAQ 100 stock moved below $53.69 and $52.46 setting an intermediate downtrend.

National Bank (NA.TO) a TSX 60 stock moved above Cdn$214.78 to an all-time high extending an intermediate uptrend.

Suncor (SU.TO) a TSX 60 stock moved below Cdn$80.47 setting an intermediate downtrend.

Imperial Oil (IMO.TO) a TSX 60 stock moved below Cdn$161.13 completing a Head & Shoulders pattern.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 17^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 17^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 17^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

It’s Different This Time! Right? | 2026’s Market (bubble) with Dave Lundgren

https://www.youtube.com/watch?v=2h4vA8bkhQQ

Investor Alert: Fed Chair Kevin Warsh RISKS, Charts Remain At Cliffs Edge: Verified Investing.

https://www.youtube.com/watch?v=1CmTrPQQFGU

Stern Warning: Why The Stock Party Will Be Over Soon! Jim Bianco

https://www.youtube.com/watch?v=4BGJJLLG-30

Semis Are at 1999 Levels Again. Time to Worry? Dan Nathan and Carter Worth

Semis Are at 1999 Levels Again. Time to Worry? – YouTube

Three Breadth Signals That Help Confirm Market Trends: Dave Keller

Three Breadth Signals That Help Confirm Market Trends (stockcharts.com)

S&P 500 Momentum Barometers

The intermediate term Barometer plunged 11.20 to 54.80. It changed from Overbought to Neutral on a drop below 60.00.

The short term (20 days) Barometer plunged 16.80 to 52.00. It changed from Overbought to Neutral on a drop below 60.00.

The long term Barometer dropped 2.60 to 61.60. It remained Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 8.18 to 51.36. It remained Neutral.

The short term (20 days) Barometer dropped 15.00 to 53.64. It changed from Overbought to Neutral on a drop below 60.00.

The long term Barometer dropped 3.18 to 70.00. 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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