Stock Market Outlook for September 22, 2026
The 20-week moving average continues to support the rising intermediate-term trend 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:
Subscribers Click on the relevant link to view the full profile. Not a subscriber? Signup here.
Spruce Power Holding Corporation (NYSE:SPRU) Seasonal Chart
SEI Investments Co. (NASD:SEIC) Seasonal Chart
Plexus Corp. (NASD:PLXS) Seasonal Chart
Allegiant Travel Co. (NASD:ALGT) 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 breakout in technology stocks amidst an abrupt pullback in the price of oil and interest rates unleashed buying demand in the market on Monday. The S&P 500 Index jumped by 1.49%, recovering strongly from levels around previous resistance and implied support at 7620. The ultra-short-term trend of lower-highs and lower-lows has been broken following the revelation of an exhaustive low last week. The 100-day moving average (7527) has proven itself as support, drawing in the buyers to keep the intermediate-term trajectory of the market afloat. Momentum indicators are curling higher with MACD triggering a fresh buy signal on Monday. Historically, the most volatile period for equity performance in the year starts this week, therefore heightened caution has been appropriate, but the way we have desired to position for this negative timeframe does not follow the typical seasonal script (see our September 18th report). In the Seasonal Advantage Portfolio that we manage for clients at CastleMoore, we continue to be fully allocated to stocks, aligning with the optimism that the manufacturing economy is expressing and we are being rewarded for our patience. Subscribers can view what we are targeting in our list of market segments to either Accumulate or Avoid.
Want to know which areas of the market to buy or sell? Our Weekly Chart Books have just been updated, providing a clear Accumulate, Avoid, or Neutral rating for currencies, cryptocurrencies, commodities, broad markets, and subsectors/industries of the market. Subscribers can login and click on the relevant links to access.
- Currencies
- Cryptocurrencies
- Commodities
- Major Benchmarks
- Sub-sectors / Industries
- ETFs: Bonds | Commodities | Equity Markets | Industries | Sectors
Today, in our Market Outlook to subscribers, we discuss the following:
- Our weekly chart books update, along with our list of all segments of the market to either Accumulate or Avoid
- Other Notes
- Additional Thoughts
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for September 22
Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.73.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
| Sponsored By... |
|
