Pre-opening Comments for Wednesday March 4^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points at 8:30 AM EST.

Moderna (MRNA) added $4.39 to $54.22 after agreeing to pay $2.25 billion to settle a COVID Vaccine patent dispute. Seasonal influences are favourable from March 4^th to July 23^rd. See seasonality chart at www.equityclock.com

Ross Stores (ROST) advanced $12.01 to $209.65 after reporting higher than consensus fourth quarter revenues and earnings. The company also released positive guidance.

Box (BOX) added $0.78 to $24.70 after reporting higher than consensus fourth quarter results. The company also issued positive guidance.

Tesla (TSLA) added $4.07 to $396.50 after Bank of America re-iterated its Buy recommendation.

EquityClock’s Market Outlook for March 4^th

Our downside target for the S&P 500 Index at 6730 has been reached: Now what? See:

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

Technical Notes

S&P 500 SPDRs (SPY) moved below intermediate support at $675.79 completing a double top pattern.

Dow Jones Industrial Average SPDRs (DIA) moved below intermediate support at $483.96.

Gasoline ETN (UGA) moved above $76.08 to a four year high extending an intermediate uptrend.

Soybeans ETN (SOYB) moved above $23.86 to a 21 month high extending an intermediate uptrend.

S&P 100 and NASDAQ 100 stocks moving below support setting intermediate downtrends included Ford (F) on a move below $13.09 and $12.92, Dollar Tree (DLTR) on a move below $116.02, Intel (INTC) on a move below $42.28 and Tesla (TSLA) on a move below $387.53.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for March 3^rd 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 March 3^rd 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for March 3^rd 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Possible War… What Does it Mean for Retail Traders? | Trading Places Live! March 3, 2026: Tom Bowley

https://www.youtube.com/watch?v=koa7HUFwvaw

Stocks Sink as Yields & Oil Surge — What the Charts Say: Guy Adami, Dan Nathan and Carter Worth

https://www.youtube.com/watch?v=ghjWoQUvV6M

Market Fear Spikes, Institutional Analysis Revealed: Oil Surges, Yields Pop, Market Trap Door Opens: Verified Investing

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

Gold Surges on Middle East Escalation. Pullback Risk Ahead? | James Thorne

https://www.youtube.com/watch?v=rvcLtbX6sLM

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 5.00 to 57.00. It changed from Overbought to Neutral. Daily trend has turned down.

The long term Barometer dropped 3.80 to 63.20. It remains Overbought. Daily trend has turned down.

TSX Momentum Barometers

The intermediate term Barometer dropped 4.15 to 72.81. It remains Overbought.

The long term Barometer was unchanged at 78.80. 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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