Pre-opening Comments for Friday September 4^th

S&P 500 futures were unchanged at 8:15 AM EDT prior to release of the U.S. August Employment Report at 8:30 AM EDT.

The Canadian Dollar was unchanged at US72.47 cents at 8:15 AM prior to release of Canada’s August Employment Report at 8:30 AM EDT.

The Magnificent Seven ETF (MAGS) is expected to open above $71.16 to an all-time-high following favourable comments by Jim Cramer last night on “Mad Money”

Lulu lemon (LULU) dropped $20.82 to $100.94 after reporting less than consensus second quarter results. The company also lowered guidance for the remainder of the year.

Docusign (DOCU) gained $3.03 to $69.00 after reporting higher than consensus second quarter results.

U.S. and Canadian equity markets are closed on Monday for the Labor Day Holiday.

EquityClock’s Market Outlook for September 4^th

A weak payroll report could be positive for stocks if it shifts focus in the market towards the employment component of the Fed’s mandate. See:

https://equityclock.com/2026/09/03/stock-market-outlook-for-september-4-2026/

Technical Notes

United States Oil Fund (USO) moved above $142.33 resuming an intermediate uptrend.

Steel ETF (SLX) moved above $110.95 resuming an intermediate uptrend.

Meta Platforms (META) an S&P 100 stock moved above $612.43 completing a double bottom pattern.

NetEase (NTES) an S&P 100 stock moved below $$118.33 completing a double top pattern.

Trader’s Corner

Equity Indices and Related ETFs

Commodities

Sectors

Links offered by valued providers

We believe the Fed is willing to tolerate inflation at these levels: JPMorgan’s Jacob Manoukian

We believe the Fed is willing to tolerate inflation at these levels: JPMorgan’s Jacob Manoukian – YouTube

Dollar-Yen Collapse, Oil Keeps Pushing Into Key Jobs Report As Investors Trade Stocks, Gold, Bitcoin: Verified Investing

Dollar-Yen Collapse, Oil Keeps Pushing Into Key Jobs Report As Investors Trade Stocks, Gold, Bitcoin – YouTube

CHART THIS with Dave Keller Thursday 9/3/26: Dave Keller

https://www.youtube.com/watch?v=R9l2O2bhmgs

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.80 to 51.00. It remained Neutral.

The short term (20 days) Barometer jumped 8.40 to 47.00. It changed from Oversold to Neutral on a recovery above 40.00.

The long term Barometer added 2.20 to 68.20. It remained Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 4.13 to 54.13. It remained Neutral.

The short term (20 days) Barometer jumped 11.93 to 48.17. It changed from Oversold to Neutral

on a recovery above 40.00.

The long term Barometer added 5.05 to 68.35. 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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