Equity Clock

Stock Market Outlook for September 17, 2026

The Dow and S&P 500 Equal Weight Index highlight a short-term trend change in the market.

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

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Stock Highlight:
IBEX Ltd. (NASD:IBEX) Seasonal Chart	Optimal holding period from September 17th to January 18th The stock has been climbing over the past few months, deriving support at its 20-week moving average (~34); horizontal resistance at $40 is presently being tested, but a breakout would unleash a wave of buying demand Revenue and Net Income are showing strong year-over-year gains

iShares Morningstar Large-Cap Value ETF (NYSE:ILCV) Seasonal Chart

Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.

The Markets

A negative reaction in the market following the first Fed rate hike in three years had stocks under pressure during the Wednesday session.  The S&P 500 Index dropped by just over four-tenths of one percent, continuing to weaken below previous resistance and implied support at 7620.  The next level of support at the mid-July highs around 7575 has also been cracked, starting to invalidate the short-term bull-flag pattern that we have been highlighting in recent weeks. The 50-day moving average (~7611) has been broken and now the 100-day moving average (7511) is up to the test.  Historically, the most volatile period for equity performance in the year is just days away, therefore heightened caution has become appropriate.  In the Seasonal Advantage Portfolio that we manage for clients at CastleMoore, we continue to hold an elevated exposure to stocks, aligning with the optimism that the manufacturing economy is expressing, but our patience is growing thin and we may need to adjust should the persistency of headwinds against stocks (outside of energy) endure.  Subscribers can view what we are targeting in our list of market segments to either Accumulate or Avoid.

Today, in our Market Outlook to subscribers, we discuss the following:

• Breakdown in the Dow Jones Industrial Average and S&P 500 Equal Weight Index
• 10-Year Treasury Rate reaching the upper limit of its rising range
• US Dollar Index re-adopting a positive bias
• US Retail Sales and the investment implications within
• US Retail Inventories and what they are saying pertaining to supply/demand in the consumer economy

Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for September 17

Sentiment on Wednesday, as gauged by the put-call ratio, ended close to neutral at 0.96.

Seasonal charts of companies reporting earnings today:

S&P 500 Index

TSE Composite

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