Pre-opening Comments for Wednesday August 12^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 31 points at 8:35 AM EDT.

S&P 500 futures added 1 point following release of the July Consumer Price Index at 8:30 AM EDT. Consensus called for a 0.1% increase versus a 0.4% drop in June. Actual was a 0.1% increase. On a year-over-year basis, consensus called for a drop to 3.4% from 3.5% in June. Actual was a drop to 3.4% Excluding food and energy, consensus called for a 0.2% increase versus no change in June. Actual was up 0.2%. On a year-over-year basis, Core CPI was expected to increase 2.5% versus 2.6% in June. Actual was a 2.5% increase.

Super Micro Computer (SMCI) added $3.14 to $34.74 after reporting higher than consensus fiscal fourth quarter results.

Cava Group (CAVA) added $4.64 to $65.45 after reporting higher than consensus second quarter results.

Air Canada (AC.TO) is expected to open lower after reporting a second quarter operating loss.

EquityClock’s Market Comment for August 12^th

Weakness in the housing market threatening the wealth effect (and equity prices). See:

https://equityclock.com/2026/08/11/stock-market-outlook-for-august-12-2026/

Technical Notes

First Trust Natural Gas ETF (FCG) moved above $29.88 setting an intermediate uptrend.

Schlumberger (SLB) a NASDAQ 100 stock moved above $53.20 setting an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 11^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 11^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 11^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

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Nvidia Strikes Mega AI Deal But Echo’s Dot-Com Hype, Top Trades, Stocks, Gold, Silver, Bitcoin – YouTube

Trading Places Live! August 11, 2026: Tom Bowley

Trading Places Live! August 11, 2026 – YouTube

Brookfield’s Bruce Flatt discusses NVIDIA strategic partnership on CNBC

https://www.youtube.com/watch?v=Uxy4s2FP2EY

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.80 to 64.00. It remained Overbought.

The short term (20 days) Barometer added 0.60 to 64.00. It remained Overbought.

The long term (200 days) Barometer dropped 0;.20 to 72.20. It remained Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 2.28 to 66.21. It remained Overbought. Daily uptrend was extended.

The short term (20 days) Barometer added 2.74 to 58.90. It remained Neutral.

The long term (200 days) Barometer added 1.83 to 72.60. 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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