Stock Market Outlook for June 9, 2026
Trajectory of the Dollar and interest rates the key to the fate of the market ahead.
*** 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: |
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Palo Alto Networks Inc. (NASD:PANW) Seasonal Chart |
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Bio-Rad Laboratories, Inc. (NYSE:BIO) Seasonal Chart
Caseys General Stores, Inc. (NASD:CASY) 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 amounted a meagre recovery from Friday’s selloff as investors raced back to some of the beaten down technology stocks from last week’s decline. The S&P 500 Index posted a gain of three-tenths of one percent, opening and closing an upside gap around 7410, defining a point of short-term support. A cap has been imposed around the 7600 level and short-term support around the rising 20-day moving average (7,480) has been violated, providing a hurdle that short-term traders were selling into during the Monday session. Levels back to previously broken horizontal resistance around 7000 are fair game amidst a digestion of early year strength aligned with this weaker period on the calendar before the end of the quarter. In the Seasonal Advantage Portfolio that we manage for clients at CastleMoore, we had been prepared for a more volatile/risk-off market framework prior to Friday’s downfall and were little impacted by Friday’s risk-off move. The conflict/deal in Iran is the ongoing wildcard and the cues that we have been following that warranted moving towards a more defensive posture in risk assets have not gone away (and, arguably, our thesis was reconfirmed, in a big way, in the past week). Subscribers can view the themes in our chart books to either Accumulate or Avoid that we continue to gear portfolios towards.
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 areas of the market to either Accumulate or Avoid
- Other Notes
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for June 9
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Sentiment on Monday, as gauged by the put-call ratio, ended slightly bullish at 0.92.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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