Pre-opening Comments for Wednesday June 10^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 42 points at 8:35 AM EDT.

S&P 500 futures recovered 13 points following release of the May U.S. Consumer Price Index at 8:30 AM EDT. Consensus called for a 0.5% increase versus a 0.6% increase in April. Actual was a 0.5% increase. On a year-over-year basis, consensus called for a 4.2% increase versus a 3.8% increase in April. Actual was a 4.2% increase. Excluding food and energy, consensus for May CPI was a 0.3% increase versus a 0.4% increase in April. Actual was a 0.2% increase. On a year-over-year basis consensus was a 2.9% increase versus a 2.8% increase in April. Actual was a 2.9% increase.

Gold bullion dropped $96.40 to $4,190.00 per ounce in pre-opening trade.

Cracker Barrel (CBRL) added $4.09 to $40.39 after reporting higher than consensus fiscal third quarter earnings. The company also offered positive fiscal fourth quarter guidance.

Super Micro Computer (SMCI) dropped $3.64 to $37.10 after reporting less than consensus fiscal second quarter revenues.

EquityClock’s Market Outlook for June 10^th

Gold below its 200-day moving average for the first time since 2023; We break down when and where to look to pickup exposure. See:

https://equityclock.com/2026/06/09/stock-market-outlook-for-june-10-2026/

Martin Pring | Did the Stock Market’s First Domino Just Fall?

Did the Stock Market’s First Domino Just Fall? (stockcharts.com)

Technical Notes

S&P Money Center Banks SPDRs (KBE) moved above $65.44 resuming an intermediate uptrend.

S&P Regional Bank SPDRs (KRE) moved above $71.44 resuming an intermediate uptrend.

Uranium ETF (URA) moved below $44.76 completing a double top pattern. Weakness was prompted by completion of a double top pattern by Cameco (CCJ) on a move below US$100.11.

Silver Bullion iShares (SLV) moved below $50.37 and Silver Miners ETF (SIL) moved below $77.58 extending an intermediate downtrend. Wheaton Precious Metals (WPM) a TSX 60 stock and major silver equity stock moved below US$113.04 and Cdn$155.33 extending an intermediate downtrend. Pan-American Silver (PAAS) a major U.S. silver producer moved below $45.79 extending an intermediate downtrend.

Manulife Financial (MFC.TO) a TSX 60 stock moved above Cdn$54.83 to an all-time high extending an intermediate uptrend.

George Weston (WN.TO) a TSX 60 stock moved above Cdn$104.18 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for June 9^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 June 9^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for June 9^th 2026

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

June 2026: The 10 Most Important Charts to Watch: Dave Keller

https://www.youtube.com/watch?v=Qrb33_4dQrY

Rick Rule: What I’m Buying and What I’m Selling | Jimmy Connor

https://www.youtube.com/watch?v=6z1mT8PfBdM

MARKET FLUSH AHEAD? S&P 500 & Nasdaq Form Critical Bearish Pattern! Verified Investing.

https://www.youtube.com/watch?v=0U6xsVtN5b8

Market Pullback or Major Warning? Tom Breaks Down the Signals | Trading Places Live! June 9, 2026: Tom Bowley

https://www.youtube.com/watch?v=dbcwyNB20C0

S&P 500 Momentum Barometers

The intermediate term Barometer added 5.80 to 58.60. It remains Neutral.

The short term (20 days) Barometer added 9.60 to 64.80. It changed from Neutral to Overbought on a move above 60.00. Daily uptrend was extended.

TSX Momentum Barometers

The intermediate term Barometer added 1.82 to 52.73. It remains Neutral.

The short term (20 days) Barometer added 1.36 to 50.45. It remains Neutral.

The long term Barometer dropped 0.91 to 62.73. It remains Overbought. Daily downtrend was extended.

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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