Pre-opening Comments for Friday July 31st
U.S. equity index futures were higher this morning. S&P 500 futures were up 20 points at 8:30 AM EDT.
Amazon (AMZN) added $19.30 to $254.80 after reporting higher second quarter results.
Apple (AAPL) dropped $25.32 to $308.11 despite reporting higher than consensus fiscal third quarter revenues and earnings. Fiscal fourth quarter guidance was less than consensus.
Roblox (RBLX) dropped $6.87 to $41.80 after offering third quarter guidance below consensus.
ExxonMobil (XOM) slipped $0.97 to $156.97 after reporting less than consensus second quarter earnings.
EquityClock’s Market Outlook for July 31st
Technology short-term trend remains negative, but we have our sights on the intermediate-term trajectory, which is overwhelmingly positive. See:
https://equityclock.com/2026/07/30/stock-market-outlook-for-july-31-2026/
The Case for $38,000 Gold, $1800 Silver: Mark Leibovit
The Case for $38,000 Gold, $1800 Silver – HoweStreet
Technical Notes
EAFE iShares (EFA) moved above $105.52 to an all-time high extending an intermediate uptrend.
Europe iShares (IEV) moved above $73.94 to an all-time high extending an intermediate uptrend. Italy iShares led the advance: Italy iShares (EWI) moved above $61.18 to an all-time high extending an intermediate uptrend.
Chipotle (CMG) an S&P 100 stock moved above $37.08 and $37.09 setting an intermediate uptrend.
Old Dominion Freight Lines (ODFL) a NASDAQ 100 stock moved below $212.45 completing a double top pattern.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for July 30th 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 30th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for July 30th 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
Fed Slams Markets, KOSPI And Semis Will Save The Day, Here Are The Trades: Verified Investing
Fed Slams Markets, KOSPI And Semis Will Save The Day, Here Are The Trades – YouTube
The Smart Money Has Moved. Have You? Tom Bowley
The Smart Money Has Moved. Have You? – YouTube
Carter Worth Says Sell This Bounce: Guy Adami, Dan Nathan and Carter Worth
Carter Worth Says Sell This Bounce – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 2.00 to 64.40. It remained Overbought.
The short term (20 days) Barometer dropped 6.40 to 57.20. It changed to Neutral from Overbought on a move below 60.00.
The long term Barometer dropped 0.80 to 69.20. It remained Overbought.
TSX Momentum Barometers
The intermediate term Barometer dropped 2.27 to 55.45.It remained Neutral.
The short term (20 days) Barometer added 5.45 to 55.91. It remained Neutral.
The long term Barometer added 0.91 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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Equity Clock Publications