Pre-opening Comments for Thursday July 16^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 27 points at 8:35 AM EDT.

S&P 500 futures were unchanged following release of economic news at 8:30 AM EDT. Consensus for the July Philly Fed Survey was a drop to 9.5 from 10.3 in June. Actual was gain to 41.1. Consensus for June Retail Sales was a 0.2% increase versus a 0.9% increase in May. Actual was a 0.2% increase. Excluding auto sales consensus for June Retail Sales was unchanged versus a 0.5% increase in May. Actual was a 0.2% drop.

JB Hunt (JBHT) gained $21.86 to $298.14 after reporting higher than consensus second quarter earnings.

United Airlines (UAL) dropped $2.87 to $118.10 despite reporting higher than consensus second quarter earnings. The company also warned about added fuel costs estimated to increase by $6 billion in 2026.

UnitedHealth Group (UNH) added $26.49 to $445.01 after reporting higher than consensus second quarter results. The company also offered positive guidance.

EquityClock’s Market Outlook for July 16^th

Duelling head-and-shoulders patterns in the Technology sector! See:

https://equityclock.com/2026/07/15/stock-market-outlook-for-july-16-2026/

Technical Notes

Soybean ETN (SOYB) moved above $29.43 to a two year high extending an intermediate uptrend.

Cintas (CTAS) a NASDAQ 100 stock moved above $182.73 extending an intermediate uptrend.

PayPal (PYPL) an S&P 100 stock moved above $52.13 extending an intermediate uptrend. Responded to a takeover offer!

Thermo Fisher Scientific (TMO) an S&P 100 stock moved above $537.87 extending an intermediate uptrend.

Vietnam iShares (VNM) moved below $17.53 setting an intermediate downtrend

South Korea (EWY) moved below $167.17 extending a short term Head & Shoulders pattern.

Global Auto ETF (CARZ) moved below $107.49 and $106.49 completing a short term Head & Shoulders pattern.

McDonalds (MCD) a Dow Jones Industrial Average stock moved below $264.53 extending an intermediate downtrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for July 15^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 July 15^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for July15^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

BlackRock CEO Larry Fink: I’m very bullish on the markets over the next 12 months

BlackRock CEO Larry Fink: I’m very bullish on the markets over the next 12 months – YouTube

Major Market Action: PPI Inflation Data Hits, ASML Semiconductor Earnings, Trades & Charts: Verified Investing

Major Market Action: PPI Inflation Data Hits, ASML Semiconductor Earnings, Trades & Charts – YouTube

Wall Street Banks Are Secretly AI Stocks Now: Guy Adami and Dan Nathan

Wall Street Banks Are Secretly AI Stocks Now – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.40 to 62.20. It remained Overbought.

The short term (20 days) Barometer dropped 3.00 to 53.20. It remained Neutral.

The long term Barometer added 0.60 to 67.00. It remained Overbought.

TSX Momentum Barometers

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The intermediate term Barometer added 0.45 to 54.55. It remained Neutral.

The short term Barometer was unchanged at 52.73. It remained Neutral.

The long term Barometer added 1.36 to 60.45. It returned to Overbought on a recovery above 60.00.

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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