Pre-opening Comments for Tuesday October 20^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points at 8:35 AM EDT.

S&P 500 futures were unchanged following release of the September Housing Starts Report at 8:30 AM EDT. Consensus called for no change in August at 1.3 million units. Actual was 1.22 million.

Steel Dynamics (STLD) dropped $13.63 to $231.54 after reporting less than consensus third quarter earnings.

General Motors dropped $3.80 to $78.85 despite announcing a $20 billion share buyback program. The company reported less than consensus third quarter results.

GE Aerospace (GE) dropped $3.90 to $78.85 despite reporting higher than consensus third quarter revenues and earnings and despite raising its outlook.

Hallibuton (HAL) added $1.40 to $34.47 after reporting higher than consensus third quarter revenues and profits

EquityClock’s Market Outlook for October 20^th

Caution warranted in stocks as market instability grows. Find out what we are doing to navigate this market turmoil. See:

https://equityclock.com/2026/10/19/stock-market-outlook-for-october-20-2026/

Technical Notes

Global Agriculture iShares (COW.TO) moved below Cdn$69.68 completing a long term double top pattern.

CGI Inc. (GIB) a TSX 60 stock moved above US$75.80 completing a long term reverse Head & Shoulders pattern.

Imperial Oil (IMO.TO) a TSX 60 stock moved above Cdn$190.31 to an all-time high extending an intermediate uptrend.

Trader’s Corner

Equity Indices and Related ETFs

Commodities

Sectors

Links offered by valued providers

AI Rebound After Fear Of Crash Fades, Oil Drops As Gold And Silver Stall…Here Are The Trades! Verified Investing

AI Rebound After Fear Of Crash Fades, Oil Drops As Gold And Silver Stall…Here Are The Trades! – YouTube

Legendary investor Paul Tudor Jones: 2027 is going to be really challenging for the stock market

Legendary investor Paul Tudor Jones: 2027 is going to be really challenging for the stock market – YouTube

Energy Sector Escalation Reshapes 2027 Outlook

Energy Sector Escalation Reshapes 2027 Outlook – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer dropped 1.20 to 44.20. It remained Neutral.

The short term (20 days) Barometer dropped 4.80 to 63.80. It remained Overbought.

The 200 day Barometer dropped 3.00 to 51.60. It remained Neutral.

TSX Momentum Barometers

The 50 day Barometer dropped 6.98 to 38.60. It changed from Neutral to Oversold on a return below 40.00.

The short term (20 days) Barometer dropped 6.98 to 49.77. It remained Neutral.

The long term Barometer dropped 2.79 to 54.42. 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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