Pre-opening Comments for Tuesday October 28^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.

Nucor (NUE) advanced $3.84 to $271.00 after reporting higher than consensus third quarter earnings. Seasonal influences are favourable until March 4^th. See seasonality chart at www.EquityClock.com

NXP Semiconductors (NXPI) added $2.40 to $221.56 after reporting higher than consensus third quarter revenues. Seasonal influences are favourable until February 24^th. See seasonality chart at www.EquityClock.com

F5 (FFIV) dropped $19.41 to $271.00 after the company lowered revenue estimates following a recent security breach.

Cameco advanced $11.76 to US$98.38 after reaching a partnership with the U.S. government to build Westinghouse nuclear reactors in the U.S. Value of the agreement is estimated at $80 billion.

EquityClock’s Market Outlook for October 28^th

While we are dialed in on our list of Accumulate candidates, it is difficult to signal the all-clear to broader risk exposure that we typically reveal at this time of year while equity benchmarks are stretched above support. See:

https://equityclock.com/2025/10/27/stock-market-outlook-for-october-28-2025/

Technical Notes

EAFE iShares (EFA) moved above $95.53 to an all-time high extending an intermediate uptrend.

Europe iShares (IEV) moved above $66.93 to an all-time high.

Aerospace & Defense ETF (PPA) moved above $164.69 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until February 18. See seasonality chart at www.equityclock.com

Bank of America (BAC) an S&P 100 stock moved above $52.88 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until November 229^th. See seasonality chart at www.EquityClock.com

NASDAQ 100 stocks trading above resistance extending an intermediate uptrend included

Lulu lemon (LULU) on a move above $181.57, Lam Research (LRCX) on a moved above $153.70, PDD Holdings (PDD) on a move above $136.84, ASML Holdings (ASML) on a move above $1,059.00. Seasonal influences are favourable until at least January 10^th for Lam Research, PDD Holdings and ASML Holdings. See seasonality charts are available at www.EquityClock.com

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for October 27^th 2025

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 October 27^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 27^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Mag 7 Names Highlight Busy Earnings Week, Fed & China Headlines Loom: Schwab Network

Mag 7 Names Highlight Busy Earnings Week, Fed & China Headlines Loom – YouTube

Carter Worth: Chart Check Ahead Of Big Tech Earnings | $MSFT $AMZN $AAPL $GOOGL $META

https://www.youtube.com/watch?v=byb21VRaF9M

Technology & Energy Lead S&P 500 to All-Time High: Tom Bowley

https://www.youtube.com/watch?v=LZ3x2pnezJM

Weekly Update with Larry Berman – October 25, 2025

https://www.youtube.com/watch?v=fVUSybf3X0Q

Busiest week of earnings season: Hightower’s Stephanie Link on what investors should expect

Busiest week of earnings season: Hightower’s Stephanie Link on what investors should expect – YouTube

Fed Expected to Deliver Second Straight Rate Cut: Bloomberg

Fed Expected to Deliver Second Straight Rate Cut – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 4.20 to 57.20. It remains neutral. Daily trend is up.

The long term Barometer slipped 0.20 to 64.60. It remains overbought.

TSX Momentum Barometers

The intermediate term Barometer dropped 5.16 to 64.79. It remains overbought.

The long term Barometer slipped 0.47 to 83.57. It remains 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

More from the network: Stock Market Outlook for October 28, 2025 Stock Market Outlook for October 27, 2025 Stock Market Outlook for October 24, 2025 Stock Market Outlook for October 23, 2025 Stock Market Outlook for October 22, 2025