Pre-opening Comments for Tuesday September 22nd
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points at 8:30 AM EDT.
WTI Crude oil dropped $2.22 to $90.15 per barrel in pre-opening trade on hopes that Strait of Hormuz negotiations will resume shortly.
Autozone (AZO) added $58.75 to $2,862.00 after reporting higher than consensus fiscal fourth quarter earnings.
Alibaba (ABAB) added $3.55 to $119.30 after launching a new AI chip.
EquityClock’s Market Outlook for September 22nd
The 20-week moving average continues to support the rising intermediate-term trend in the market. See:
https://equityclock.com/2026/09/21/stock-market-outlook-for-september-22-2026/
Technical Notes
Invesco QQQ Trust (QQQ) moved above $733.81 resuming an intermediate uptrend. Testing its all-time high at 747.05!
Technology SPDRs (XLK) moved above $191.53 and $194.07 resuming an intermediate uptrend. Testing its all-time high at $198.26!
Marvell Technology (MRVL) a NASDAQ 100 stock moved above $254.60 resuming an intermediate uptrend.
Arm Holdings (ARM) a NASDAQ 100 stock moved above $299.29 resuming an intermediate uptrend.
Advanced Micro Devices (AMD) an S&P 100 stock moved above $584.73 to an all-time high extending an intermediate uptrend.
Taiwan iShares (EWT) moved above $112.78 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Commodities
Sectors
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Links offered by valued providers
Will The Hawkish Fed Cause A Major Market Top? Tom Bowley
Will The Hawkish Fed Cause A Major Market Top? – YouTube
Markets Poised For Epic Breakout, Oil Falls, Yields Drop, Bitcoin Surge: Verified Investing
Markets Poised For Epic Breakout, Oil Falls, Yields Drop, Bitcoin Surges – YouTube
Market has ‘all the ingredients for a face ripper’, says Fundstrat’s Tom Lee
Market has ‘all the ingredients for a face ripper’, says Fundstrat’s Tom Lee – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 2.80 to 31.60. It remained Oversold.
The short term (20 days) Barometer advanced 5.80 to 25.80. It remained Oversold.
The long term Barometer improved 0.60 to 52.60. It remained Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 1.38 to 44.24. It remained Neutral.
The short term (20 days) Barometer dropped 0.92 to 31.34. It remained Oversold.
The long term Barometer dropped 1.84 to 53.46. It remained Neutral.
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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Equity Clock Publications