Stock Market Outlook for September 23, 2026
Space stocks looking poised for take-off.
*** 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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Warrior Met Coal Inc. (NYSE:HCC) Seasonal Chart
Coca-Cola Consolidated, Inc. (NASD:COKE) 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
Mean reversion ahead of the end of the quarter and an ongoing rotation back into technology (away from energy) kept the market afloat through the Tuesday session. The S&P 500 Index was unchanged, holding above levels of previous resistance and implied support at 7620. Short-term consolidation above the start of September highs can be seen as the ultra-short-term trend of lower-highs and lower-lows breaks. The 100-day moving average (7533) 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 dominates at this time of year, 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.
Today, in our Market Outlook to subscribers, we discuss the following:
- Mean reversion and the seasonal rise in the VIX
- Strong demand for Shipping and Commercial/Industrial Loans
- The breakout in Technology and the upside projection
- Space stocks
- 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 23
Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.77.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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