Pre-opening Comments for Friday February 27^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 63 points at 8:35 AM EST.

S&P 500 futures dipped 3 points following release of the January U.S. Producer Price Index at 8:30 AM EST. Consensus called for a 0.3% increase versus a 0.5% gain in December. Actual was a 0.5% gain. Excluding food and energy, consensus called for a 0.4% increase versus a 0.4% gain in December. Actual was a 0.3% gain.

Intuit (INTU) dropped $14.42 to $380.00 after issuing fiscal third quarter guidance below consensus.

Block (XYZ) gained $11.07 to $65.60 after announcing a 40% reduction in its work force.

Dell (DELL) gained $6.95 to $128.00 after reporting higher than consensus quarterly earnings. The company also raised its dividend by 20% and issued positive first quarter guidance.

Netflix (NFLX) gained $6.77 to $91.40 after withdrawing its bid to buy Warner Brothers Discovery.

EquityClock’s Market Outlook for February 27^th

The seasonal trade in Natural Gas is on the horizon: We take a look at its prospects through the months ahead and how to gain exposure. See:

https://equityclock.com/2026/02/26/stock-market-outlook-for-february-27-2026/

Technical Notes

Australia All Ordinaries Index ($AORD moved above 9,414.60 to an all-time high extending an intermediate uptrend.

Large Cap China iShares (FXI) dropped below $37.68 completing a double top pattern.

Gold Miners ETF (GDX) moved above $113.50 to an all-time high extending an intermediate uptrend.

Junior Gold Miners ETF (GDXJ) moved above $152.24 to an all-time high extending an intermediate uptrend.

Nvidia dropped $10.57 to $184.89 despite releasing better than consensus fourth quarter results. The heavy weight of the stock in the S&P 500 Index and NASDAQ 100 Index was the main reason for index weakness yesterday.

Ford (F) an S&P 100 stock moved above $14.35 extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for February 26^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 February 26^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for February 26^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

NVIDIA WARNING: Why Great Earnings Could Trigger a Bear Market Verified Investing

NVIDIA WARNING: Why Great Earnings Could Trigger a Bear Market – YouTube

Tariff Ruling Sparks Rotation — Here’s Where Money Is Moving: Tom Bowley

Tariff Ruling Sparks Rotation — Here’s Where Money Is Moving – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 3.60 to 66.60. It remains Overbought.

The long term Barometer added 1.80 to 66.80. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 3.69 to 79.26. It remains Overbought.

The long term Barometer added 2.30 to 81.11. 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.

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