Pre-opening Comments for Friday June 26^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade.

South Korea iShares (EWY) are expected to open lower after South Korea’s KOSPI Index dropped 5.3% last night.

McCormick (MKC) added $0.55 to $48.90 after reporting higher than consensus fiscal second quarter revenues.

Darden Restaurants (DRI) added $1.24 to $214.00 after reporting higher than consensus fiscal fourth quarter earnings.

EquityClock’s Market Outlook for June 26^th

Our list of our highest conviction sectors for the month of July.  The time to position for the summer rally period is near. See:

https://equityclock.com/2026/06/25/stock-market-outlook-for-june-26-2026/

Market Volatility Not Unusual This Time of Year: Mark Leibovit

Market Volatility Not Unusual This Time of Year – HoweStreet

Technical Notes

S&P 100 and NASDAQ 100 stock trading above resistance extending an intermediate uptrend included DR Horton (DHI) on a move above $168.66, US Bancorp (USB) on a move above $92.73 to an all-time high, AbbVie (ABBV) on a move above $239.13 to an all-time high, Thermo Fisher Scientific (TMO) on a move above $498.50, Illumina (ILMN) on a move above $498.50 to an all-time high, Merck (MRK) on a move above $123.33, Biogen (BIIB) on a move above $205.97

S&P Money Center Bank SPDRs (KBE) closed above $67.00 to an all-time high extending an intermediate uptrend.

Microsoft (MSFT) a Dow Jones Industrial Average stock moved below $355.51 extending an intermediate downtrend.

Nike (NKE) a Dow Jones Industrial Average stock moved below $355.51 extending an intermediate downtrend.

Telus (T.TO) a TSX 60 stock moved below Cdn$15.78 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 25^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 25^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 25^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Did MU Earnings Save The AI Trade? PCE Inflation Data Report, Key Trades: Verified Investing

Did MU Earnings Save The AI Trade? PCE Inflation Data Report, Key Trades – YouTube

We’re seeing signs the U.S. economy is turning a corner, says Carson Group’s Ryan Detrick

We’re seeing signs the U.S. economy is turning a corner, says Carson Group’s Ryan Detrick – YouTube

MRKT Call – Thursday, June 25^th Guy Adami, Dan Nathan and Liz Thomas

MRKT Call – Thursday, June 25th – YouTube

The Market Isn’t Buying the Headlines: Tom Bowley

The Market Isn’t Buying the Headlines – YouTube

TOM LEE: As we approach mid-year, the driver for S&P 500 so far is ‘E’ not ‘PE

TOM LEE: As we approach mid-year, the driver for S&P 500 so far is ‘E’ not ‘PE’ – YouTube

Here’s why Goldman Sachs cut its oil price forecasts:

Here’s why Goldman Sachs cut its oil price forecasts – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.60 to 64.20. It remained Overbought.

The short term (20 days) Barometer added 1.20 to 61.80. It remained Overbought

The long term Barometer slipped 1.00 to 62.80. It remained Overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped another 2.73 to 44.09. It remained Neutral. Daily downtrend was extended.

The short term Barometer added 1.82 to 40.00. It changed from Oversold to Neutral on a recovery to 40.00.

The long term Barometer dropped another 0.91 to 60.51. It remained Overbought. Daily downtrend was extended.

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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