Pre-opening Comments for Tuesday September 30^th

U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:30 AM EDT. Index futures responded to failure by Congress to reach an agreement prior to October 1^st to continue funding government operations.

Wolfspeed advanced $3.76 to $25.86 after emerging from Chapter 11 bankruptcy.

Echostar added $6.00 to $79.60 on talks to sell its spectrum to Verizon

Semtech gained $2.39 to $64.37 after Oppenheim upgraded the stock to buy.

EquityClock’s Market Outlook for September 30^th

Broadline retailers industry, dominated by Amazon, rolling over from resistance heading towards the big fourth quarter consumer spending period. See:

https://equityclock.com/2025/09/29/stock-market-outlook-for-september-30-2025/

Technical Notes

Utilities SPDRs (XLU) moved above $87.08 to an all-time high extending an intermediate uptrend. Technical score remained at 6.

Eurozone iShares (EZU) moved above $61.61 to an all-time high extending an intermediate uptrend.

Mexico iShares (EWW) moved above $67.15 to an all-time high extending an intermediate uptrend.

Blackrock (BLK) an S&P 100 stock moved above $1,166.38 to an all-time high extending an intermediate uptrend.

Southern Copper (SCCO) one of the largest copper miners in the world moved above $121.69 to an all-time high extending an intermediate uptrend. Responding to higher copper prices!

Trader’s Corner

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for September 29^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Source for all positive seasonality ratings: www.EquityClock.com

Commodities

Daily Seasonal/Technical Commodities Trends for September 29^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for September 29^th 2025

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

Inflation vs. Growth: Why Wall Street Is Split on the Economy Guy Adami and Dan Nathan

https://www.youtube.com/watch?v=A0sBQKwMzY0

LARRY WILLIAMS – Old Dogs, New Tricks: Bitcoin & Gold and What’s Next

https://www.youtube.com/watch?v=29XsrzyUtRQ

Platinum’s BIG Comeback, but is it still a "Screaming Buy"? Kitco

https://www.youtube.com/shorts/231TPvrRnWo

Nvidia Rebound Takes Markets Higher: Guy Adami, Dan Nathan and Carter Worth

Nvidia Rebound Takes Markets Higher – YouTube

Expect pauses and 10-15% breakdowns throughout the current bull market, says SoFi’s Liz Thomas

Expect pauses and 10-15% breakdowns throughout the current bull market, says SoFi’s Liz Thomas – YouTube

Should Investors Brace For Big Drop In October?: CiovaccoCapital

Should Investors Brace For Big Drop In October? – YouTube

S&P 500 Momentum Barometers

The intermediate term Barometer added 0.60 to 57.00. It remains Neutral.

The long term Barometer added 1.60 to 65.40. It remains Overbought.

TSX Momentum Barometers

The intermediate term Barometer added 1.41 to 73.24. It remains Overbought.

The long term Barometer was unchanged at 86.38. It remains Overbought.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed

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