Pre-opening Comments for Wednesday August 19^th

U.S. equity index futures were mixed this morning. S&P 500 futures were up 3 points at 8:30 AM EDT.

President Trump has halted imposing tariffs on selected Canadian items for the next three days pending completion of an agreement on trade. The Canadian Dollar added 0.12 to U.S. 72.07 cents on the news.

Toll Brothers (TOL) added $1.14 to $144.00 after reporting higher than consensus fiscal third quarter results.

La-Z-Boy (LZB) dropped $6.83 to $34.00 after reporting a lower than consensus fiscal first quarter results.

Lowes Companies dropped $7.15 to $208.49 after issuing a cautious fiscal third quarter outlook.

Moderna (MRNA) advanced $39.29 after announcing successful melanoma vaccine trial results.

EquityClock’s Market Outlook for August 19^th

The fundamentals to the AI trade remain strong, but rates are a pressure point. See:

https://equityclock.com/2026/08/18/stock-market-outlook-for-august-19-2026/

Technical Notes

Energy SPDRs (XLE) moved above $63.01 to an all-time high extending an intermediate uptrend. Responded to strength in ExxonMobil (XOM) and Chevron (CVX)

Gilead (GILD) an S&P 100 stock moved above $140.61 and $142.04 resetting an intermediate uptrend.

Regeneron Pharmaceuticals (REGN) a NASDAQ 100 stock moved above $817.95 extending an intermediate uptrend.

Dollar Tree (DLTR) a NASDAQ 100 stock moved above $133.26 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for August 18^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 18^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for August 18^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Markets Fall As Yields Continue Surging, Key Trades, Gold, Silver, Oil And Bitcoin: Verified Investing

Markets Fall As Yields Continue Surging, Key Trades, Gold, Silver, Oil And Bitcoin – YouTube

Trading Places Live August 18, 2026: Tom Bowley

Trading Places Live August 18, 2026 – YouTube

The bond market is finally working the way it should work, says Ed Yardeni

The bond market is finally working the way it should work, says Ed Yardeni – YouTube

It’s All Rate of Change: Yields, Refiners and a Bull-Trap S&P 500

Guy Adami and Carter Worth

It’s All Rate of Change: Yields, Refiners and a Bull-Trap S&P 500 – YouTube

S&P 500 Momentum Barometers

The intermediate term (50 days) Barometer dropped 2.00 to 61.00. It remained Overbought. Daily downtrend was set.

The short term (20 days) Barometer dropped 4.00 to 54.40. It remained Neutral.

The long term (200 days) Barometer dropped 0.40 to 71.00. It remained Overbought.

TSX Momentum Barometers

The intermediate term (50 days) Barometer dropped 1.37 to 63.47. It remained Overbought.

The short term (20 days) Barometer dropped 4.11 to 54.79. It remained Neutral.

The long term (200 days) Barometer dropped 2.74 to 66.21. 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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