Tech Talk for Thursday October 2nd 2025

Daily Reports Add comments

Pre-opening Comments for Thursday October 2nd

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:30 AM EDT.

Occidental Petroleum advanced $0.74 to $48.46 after the company sold its OxyChem division to Berkshire Hathaway for $9.7 billion. Berkshire Hathaway slipped $1.19 to $497.01 on the news

clip_image001[4]

clip_image002[4]

Stellantis added $0.68 to $10.32 after reporting higher than consensus quarterly results.

clip_image003[4]

EquityClock’s Market Outlook for October 2nd

The degradation in the labor market presents concern pertaining to Consumer Discretionary exposure in portfolios through the end of the year. See:

https://equityclock.com/2025/10/01/stock-market-outlook-for-october-2-2025/

Technical Notes

U.S. Natural Gas Fund ETN (UNG) moved above $13.46 completing a double bottom pattern.

clip_image001

Europe iShares (IEV) moved above $65.54 to an all-time high extending an intermediate uptrend. Seasonal influences are favourable until early January. See seasonality chart at www.equityclock.com

clip_image002

Amex Biotech ETF (FBT) moved above $183.60 to an all-time high extending an intermediate uptrend. VanEck Biotech ETF (BBH) moved above $169.41 and $170.61 extending an intermediate uptrend. Leading the move was a breakout by Biogen (BIIB) above $150.28 extending an intermediate uptrend.

clip_image003

Base Metals iShares (PICK) moved above $44.84 extending an intermediate uptrend. Seasonal influences are favourable until January 7th. See seasonality chart at www.EquityClock.com

clip_image004

Pfizer (PFE) a Dow Jones Industrial Average stock moved above $$26.11 and $26.28 completing a reverse Head & Shoulders pattern. Merck (MRK) a Dow Jones Industrial Average stock move above $86.98 extending an intermediate uptrend. Eli Lilly (LLY) an S&P 100 stock moved above $823.19 setting an intermediate uptrend. Strength in PFE, MRK and LLY was a major reason why VanEck Pharmaceutical ETF (PPH) broke to a 12 month high.

clip_image005

Dollarama (DOL.TO) a TSX 60 stock moved below $181.80 completing a Head & Shoulders pattern.

clip_image006

S&P 100 and NASDAQ 100 stocks moving below support setting intermediate downtrends included Meta Platforms (META), Booking Holdings (BKNG), Atlassian (TEAM), Mercadolibre (MELI), Linde (LIN), eBay (EBAY), Gilead Sciences (GILD) and Analog Devices (ADI).

clip_image007

clip_image008

clip_image009

clip_image010

clip_image011

Trader’s Corner

clip_image013

Equity Indices and Related ETFs

Daily Seasonal/Technical Equity Trends for October 1st 2025

clip_image015

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 October 1st 2025

clip_image017

Green: Increase from previous day

Red: Decrease from previous day

Sectors

Daily Seasonal/Technical Sector Trends for October 1st 2025

clip_image019

Green: Increase from previous day

Red: Decrease from previous day

Links offered by valued providers

10 Must-See Charts For October 2025: Jason Rose and David Keller

10 Must-See Charts For October 2025 – YouTube

MRKT Call – Wednesday, October 1st: Guy Adami and Dan Nathan

MRKT Call – Wednesday, October 1st – YouTube

BMO’s Brian Belski: The Fed has to bring some credibility back with the market

BMO’s Brian Belski: The Fed has to bring some credibility back with the market – YouTube

G Squared’s Victoria Greene: Q4 seasonality and technicals make the case to stay long risk assets

G Squared’s Victoria Greene: Q4 seasonality and technicals make the case to stay long risk assets – YouTube

Halftime Report’ team break down their Q4 investment strategies

‘Halftime Report’ team break down their Q4 investment strategies – YouTube

Treasury rates fall on weak ADP jobs report: Rick Santelli

Treasury rates fall on weak ADP jobs report – YouTube

Canada in investment crisis: Business Council of Canada

Canada in investment crisis: Business Council of Canada – YouTube

S&P 500 Momentum Barometers

clip_image020

The intermediate term Barometer slipped 0.60 to 58.00. It remains neutral.

clip_image021

The long term Barometer added 0.60 to 67.00. It remains Overbought.

TSX Momentum Barometers

clip_image022

The intermediate Barometer added 1.88 to 74.65. It remains Overbought.

clip_image023

The long term Barometer added 0.94 to 86.39. 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




3 Responses to “Tech Talk for Thursday October 2nd 2025”

  1. Larry/ON Says:

    It must be excruciating for market participants who sat on cash fearing September, fearing Rosh Hashanah,etc see the market continue to climb making new all-time highs. We just experienced the best September for stocks since 2013. What do you do now? Do you continue to sit on your cash or start buying stocks at all-time highs? FOMO must be getting pretty strong. That cash wants to be deployed and should support the market should any weakness develop.
    Semis are on fire. You have the equal weighted index RSP making new all-time highs indicating healthy market breadth. The VIX is low. What more do investors need? Oh yeah, I found it, the CNN Market Sentiment Indicator is at 49 “Neutral” indicating the market has room to move higher. On top of all of that you have negative news in the form of a shut-down of the US government that the market has chosen to ignore and move higher.

  2. bruce Says:

    tnx Larry….you just described me perfectly…….but I cant buy at 22-24 times next year earnings….

  3. Larry/ON Says:

    Hey Bruce. It’s not easy. You can’t invest based on what you think the market should do but on the basis of what the market wants to do.
    Financials – Just when I thought I might diversify a little into them I get quickly pickpocketed. The money center banks like JPM, MS, C, BAC are all correcting. They ran up a lot and it looks like they are being used as a source of funds to go into semis.
    Speaking of being pickpocketed I am going through our records and I found a cheque that was cashed in our account in 2016 cashed a second time in 2025. It’s fraud. I have the cheque images. I’m guessing the thief thought I would destroy records after seven years and not be able to check back but I kept them. Anything cheque older than six months is supposed to be rejected by the bank but they failed on their end. Always cheque your monthly statements carefully.

Entries RSS Comments RSS Log in