Stock Market Outlook for September 28, 2026
Pushing back on seasonal norms as we examine what October may bring.
*** 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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L.B. Foster Co. (NASD:FSTR) Seasonal Chart
Procure Space ETF (NASD:UFO) Seasonal Chart
Riot Platforms, Inc. (NASD:RIOT) Seasonal Chart
Equitable Holdings, Inc. (NYSE:EQH) Seasonal Chart
ViaSat, Inc. (NASD:VSAT) Seasonal Chart
Reinsurance Group of America (NYSE:RGA) Seasonal Chart
Helmerich & Payne Inc. (NYSE:HP) Seasonal Chart
CorVel Corp. (NASD:CRVL) Seasonal Chart
8×8, Inc. (NASD:EGHT) 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 recovered from their mid-week volatility attributed to the rise in interest rates, closing higher during the Friday session. The S&P 500 Index gained around half of one percent, continuing to trade higher from from the upside open gap (a zone of support) charted on Monday between 7650 and 7690. Previous resistance remains as implied support at 7620. The ultra-short-term trend of lower-highs and lower-lows that has dominated since the middle of August is still deemed to be broken as we look for the potential for a short-term head-and-shoulders pattern to form through the days ahead. The 100-day moving average (7548) 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:
- Weekly look at the large-cap benchmark
- The start of the strongest period of the presidential election cycle
- US Durable Goods Orders and the investment implications within
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for September 28
Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.75.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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