Pre-opening Comments for Thursday October 22^nd

U.S. equity index futures were lower this morning. S&P 500 futures were down 71 points at 8:30 AM EDT.

Meta Platforms (META) dropped $20.60 to $676.92 despite reporting higher than consensus third quarter results.

Tesla dropped $13.20 to $373.20 despite reporting higher than consensus third quarter results.

CSX added 1.00 to $49.40 after releasing higher than consensus third quarter results.

IBM dropped $12.46 to $239.00 despite reporting higher than consensus third quarter results.

EquityClock’s Market Outlook for October 22^nd

Consumers look set to rely heavily on credit this holiday shopping season, providing a tailwind to consumer finance stocks. See:

https://equityclock.com/2026/10/21/stock-market-outlook-for-october-22-2026/

Technical Notes

Berkshire Hathaway (BRK.B) an S&P 100 stock moved above $537.74 and $542.07 to an all-time high extending an intermediate uptrend.

Travelers (TRV) a Dow Jones Industrial Average stock moved above $397.34 to an all-time high extending an intermediate uptrend.

Netflix (NFLX) an S&P 100 stock moved below $65.08 extending an intermediate downtrend.

DexCom (DXCM) a NASDAQ 100 stock moved below $82.29 completing a double top pattern.

Natural Gas ETN (UNG) moved below $10.14 extending an intermediate downtrend.

Manulife Financial (MFC.TO) moved above Cdn$63.05 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Commodities

Sectors

Links offered by valued providers

MRKT Call – Wednesday, October 21^st: Dan Nathan and Carter Worth

https://www.youtube.com/watch?v=7GKC2YFS4K4

Last Gasp For The NASDAQ And S&P? Charts Signal "YES!"…Warning Revealed: Verified Investing

Last Gasp For The NASDAQ And S&P? Charts Signal "YES!"…Warning Revealed – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 2.80 to 55.00. It remained Neutral. Daily uptrend was extended.

The short term (20 days) Barometer added 2.20 to 73.20. It remained Overbought. Daily uptrend was extended.

The long term Barometer added 0.80 to $56.00. It remained Neutral. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 4.19 to 46.98. It remained Neutral. Daily uptrend was extended.

The short term (20 days) Barometer added 3.26 to 59.53. It remained Neutral. Daily uptrend was extended.

The long term Barometer slipped 0.47 to 53.95. It remained Neutral.

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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