Equity Clock

Stock Market Outlook for October 2, 2026

Technology stocks at all-time highs as rate pressures temporarily ease. We’ll show you the setup heading into the volatile month of October.

*** 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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Fortuna Silver Mines Inc (TSE:FVI.TO) Seasonal Chart

ArcBest Corp. (NASD:ARCB) Seasonal Chart

Cleveland-Cliffs Inc (NYSE:CLF) Seasonal Chart

SPDR S&P Capital Markets ETF (NYSE:KCE) 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

Stocks drifted mildly higher on Thursday to start off the new month and quarter as the recent rise in interest rates took a pause.  The S&P 500 Index edged higher by two-tenths of one percent, managing to recover from levels around the upside open gap (a zone of support) charted a week ago Monday between 7650 and 7690.  Previous resistance remains as implied support at 7620, a threshold tested at the lows of Thursday’s session.  The moves in recent days have clouded the contention of the start of a new ultra-short-term rising trend following the declining path that has been charted since the middle of August. Ultimately, the consolidation that the benchmark has been subjected to for months continues.  While beyond what has historically been the weakest two-week stretch of the year at the end of September, volatility in the market tends to remain heightened into the month of October, therefore caution has been appropriate, but we have been pushing back against the negativity that is typical for this timeframe (see our September 18th report).  We continue to examine what may be the appropriate stance in equity positioning for the month of October, but we have started to de-risk in our Super Simple Seasonal Portfolio (trimming our commodity/oil exposure).   Subscribers can stay on top of our thinking and what we are watching in our regular reports, as well as 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:

• Dollar imposing a headwind from another angle as near-term rate pressures ease
• Technology at an all-time high
• Weekly Jobless Claims and the health of the labor market
• A look ahead at Friday’s Nonfarm Payroll report and what to expect of the results moving forward
• The weakest spring/summer construction season since the Great Financial Crisis and the investment implications (the stocks we are focused on)

Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for October 2

Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.91.

Seasonal charts of companies reporting earnings today:

• No significant earnings for today

S&P 500 Index

TSE Composite

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