Equity Clock

Stock Market Outlook for September 21, 2026

Price of Oil may be peaking and we are inclined to book (substantial) profits in our energy stocks.

*** 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:

Seagate Technology Holdings, Inc. (NASD:STX) Seasonal Chart

Optimal holding period from September 19th to February 14th The stock has been consolidating strong second quarter gains for the past few months, maintaining horizontal support at 700; a breakout of the consolidation span would project a move back toward the all-time high charted in June around 1150. Revenue, Net Income, and Free Cash flow are showing strong year-over-year growth amidst AI/memory demand

Boeing Co. (NYSE:BA) Seasonal Chart

PHX Energy Services Corp. (TSE:PHX.TO) Seasonal Chart

Dime Community Bancshares, Inc. (NASD:DCOM) Seasonal Chart

Strategy Inc (NASD:MSTR) Seasonal Chart

Emerson Electric Co. (NYSE:EMR) 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 traded essentially flat on Friday, taking a breather following the rally achieved in the session prior.  The S&P 500 Index edged higher by just less than two-tenths of one percent, still holding above previous resistance and implied support at 7620.  An ultra-short-term trend of lower-highs and lower-lows persists, but the gyration over the past few sessions hints of an exhaustive low that threatens to break this negative slope in the days ahead. The 50-day moving average (~7616) has been retaken as the 100-day moving average (7520) draws in the buyers to keep the intermediate-term trajectory of the market afloat.  Historically, the most volatile period for equity performance in the year starts this week, therefore heightened caution has become appropriate, but the way we desire to position for this negative timeframe may not follow the typical seasonal script (more on that in yesterday’s report).  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 will adjust should the persistency of headwinds against stocks 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:

• Weekly look at the large cap benchmark
• US Industrial Production and the investment implications within
• Energy sector and what is next for the price of Oil
• Canadian stocks (EWC)

Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for September 21

Sentiment 0n Friday, as gauged by the put-call ratio, ended bullish at 0.81.

Seasonal charts of companies reporting earnings today:

• No significant earnings for today

S&P 500 Index

TSE Composite

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