Equity Clock

Stock Market Outlook for October 15, 2026

Technology sector stocks testing some important levels of support that will either make or break the AI trade that has flourished since the spring of 2025.  We’ll tell you what to look for.

*** 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:

Chemed Corp. (NYSE:CHE) Seasonal Chart

Optimal holding period from October 15th to March 13th A breakout above resistance at 480 this summer highlights a bottoming pattern on significance; initial reaction to this hurdle as a point of support provides the logical level to shoot long allocations against Revenue and Net Income are showing healthy year-over-year gains as a result of strong patient volume expansion; an alleviation of health care inflationary pressures is also helping the bottom line

AdvisorShares DoubleLine Value Equity ETF (AMEX:SURE) Seasonal Chart

Financial Select Sector SPDR Fund (NYSE:XLF) Seasonal Chart

iRadimed Corp. (NASD:IRMD) Seasonal Chart

Cerence Inc. (NASD:CRNC) 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

Concern pertaining to the health of the AI infrastructure buildout resulted in a selloff in Technology stocks on Wednesday as investors leaned into risk aversion.  The S&P 500 Index closed down by 1.11%, falling back below the upper limit of the range that the benchmark had been in since August between 7620 and 7800. An ultra-short-term trend of higher-highs and higher-lows can still be picked out, bound by a an approximately 200-point rising trading range that currently derives its lower limit at 7685, a level that came close to being tested on the day. The daily chart shows support at the 50 and 100-day moving averages, a violation of which would be required to deem a shift of trajectory.  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 remainder of the month of October, but we have not received the cues to broadly de-risk in portfolios, yet.   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:

• The perk up in risk aversion and the stocks in the Consumer Staples sector that we have been buying
• US Consumer Price Index and the investment implications within
• The discerning nature of the consumer and its influence on the stocks with exposure
• The critical levels of support that technology stocks are testing
• Interest rates and the dollar
• Additional Thoughts

Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for October 15

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

Seasonal charts of companies reporting earnings today:

S&P 500 Index

TSE Composite

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