Pre-opening Comments for Friday August 7th
U.S. equity index futures were higher this morning. S&P 500 futures were up 30 points at 8:35 AM EDT
S&P 500 futures added 4 points following release of the July U.S. Employment report at 8:30 AM EDT. Consensus for July Non-farm Payrolls was an 83,000 increase versus a 57,000 increase in June. Actual was a 23,000 drop. Consensus for the July Unemployment Rate was unchanged at 4.2% from June. Actual was a drop to 4.1%. Consensus for July Hourly Wages was a 0.3% gain versus a 0.3% gain in June. Actual was a 0.1% gain. On a year-over-year basis consensus for July Hourly Wages was unchanged from June at 3.5%. Actual was a drop to 3.2%.
Airbnb (ABNB) added $11.56 to $163.20 after reporting higher than consensus second quarter results.
Lyft (LYFT) added $0.20 to $16.50 after reporting higher than consensus second quarter results.
Trade Desk (TTD) dropped $14.19 to $13.50 after reporting less than consensus second quarter results.
EquityClock’s Market Outlook for August 7th
The change in jobless claims hints of a stronger than average performance in July payrolls. See: The change in jobless claims hints of a stronger than average performance in July payrolls. (equityclock.com)
Mark Leibovit’s Comment
U.S. pot stocks spark up. See:
https://www.howestreet.com/2026/08/us-pot-stocks-spark-up-mark-leibovit/
Technical Notes
Pfizer (PFE) a Dow Jones Industrial Average stock moved above $26.08 resuming an intermediate uptrend. Seasonal influences are favourable until October 3rd. See www.equityclock.com for the seasonality chart.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 6th 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 6th 2026
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 6th 2026
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
This Breakout Is Different. Here’s Why. Joe Rabil
This Breakout Is Different. Here’s Why. – YouTube
Trade Setups: Tech Slammed On SNDK And WDC, Gold Stalls, Bitcoin Struggles At Key Breakout Level: Verified Investing.
Is there more upside ahead for copper’s bull run? BMO
Is there more upside ahead for copper’s bull run? – YouTube
MRKT Call – Thursday, August 6th: Guy Adami, Dan Nathan and Liz Thomas
MRKT Call – Thursday, August 6th – YouTube
The Bull Market Looks Healthy. Here’s Why. Tom Bowley Note seasonality comments!
The Bull Market Looks Healthy. Here’s Why. – YouTube
Looking Beyond Technology for Market Leadership: David Keller
Looking Beyond Technology for Market Leadership (stockcharts.com)
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 2.40 to 64.20. It remained Overbought.
The short term (20 days) Barometer dropped 1.80 to 63.40. It remained Overbought.
The long term Barometer dropped 0.40 to 71.20. It remained Overbought.
TSX Momentum Barometers
The intermediate term Barometer dropped 1.37 to 63.93. It remained Overbought.
The short term (20 days) Barometer dropped 2.38 to 56.16. It remained Neutral.
The long term Barometer dropped 1.83 to 67.12. 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