Pre-opening Comments for Wednesday August 5^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 38 points to an all-time high at 8:30 AM EDT.

Booking Holdings (BKNG) added $10.53 to $204.80 after reporting higher than consensus second quarter results.

Amgen (AMGN) added $1.98 to $392.00 after reporting higher than consensus second quarter results.

Advanced Micro Devices dropped $33.59 to $484.99 despite reporting higher than consensus second quarter results. Investors were concerned about the company’s high commitment to capital spending.

Eli Lilly (LLY) added $72.32 to $1,186.83 after reporting higher than consensus second quarter results. The company also offered positive guidance.

EquityClock’s Market Outlook for August 5^th

Upside targets in the Technology (XLK), Materials (XLB), and Industrial (XLI) sectors following recent bullish developments. See:

https://equityclock.com/2026/08/04/stock-market-outlook-for-august-5-2026/

Technical Notes

Dow Jones Industrial Average (DJIA) moved above 53,289.30 and its related ETF DIA moved above $532.39 to all-time highs extending an intermediate uptrend.

S&P 500 Index ($SPX) moved above 7,620.90 and its related SPDRs SPY moved above $758.45 to all-time highs extending an intermediate uptrend.

S&P Mid-cap SPDRs (MDY) moved above $704.45 to an all-time high extending an intermediate uptrend.

Eurozone iShares (EZU) moved above $70.31 to an all-time high extending an intermediate uptrend. Strength was triggered by Germany iShares (EWG) on a move above $45.77 to an all-time high.

Australia iShares (EWA) moved above $30.06 to an all-time high extending an intermediate uptrend.

U.S. Money Center Banks SPDRs (KBE) moved above $71.42 to an all-time high extending an intermediate uptrend. Helped by BAC and JPM breaking to all-time highs!

Industrial SPDRs (XLI) moved above $186.345 to an all-time high extending an intermediate uptrend.

Platinum ETN (PPLT) moved above $15.32 setting an intermediate uptrend. Palladium ETN (PALL) moved above $24.00 setting an intermediate up trend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 4^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 August 4^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 4^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Risk-On Rally Pushes Stocks Toward New Highs | CHART THIS: Dave Keller

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Bulls Take Charge, AI Stocks Jump, Gold Attempts Breakout As Eyes Focus On Yen And Yields: Verified Investing

Bulls Take Charge, AI Stocks Jump, Gold Attempts Breakout As Eyes Focus On Yen And Yields – YouTube

Expect a ‘volatility vacuum’ in the markets in August, says RBC’s Amy Wu Silverman

Expect a ‘volatility vacuum’ in the markets in August, says RBC’s Amy Wu Silverman – YouTube

Bullish Wedge + Falling VXN: What could this mean? | Trading Places Live! August 4, 2026: Tom Bowley

Bullish Wedge + Falling VXN: What could this mean? | Trading Places Live! August 4, 2026 – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.60 to 68.60. It remained Overbought.

The short term (20 days) Barometer advanced 9.00 to 67.60. It changed from Neutral to Overbought on a move above 60.00.

The long term Barometer added 2.00 to 72.00. It remained Overbought. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 6.85 to 58.90. It remained Neutral.

The short term Barometer jumped 20.55 to 64.84. It changed from Neutral to Overbought on a move above 60.00.

The long term Barometer added 5.02 to 67.58. It remained Overbought. Daily uptrend 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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