Pre-opening Comments for Tuesday September 29th
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EDT.
Canada’s July Consumer Price Index rose 1.4% on a year-over-year basis in line with consensus.
Advanced Micro Devices (AMD) added $7.80 to $615.67 after announcing acquisition of World Labs for $8.2 billion.
Vail Resort (MTN) dropped $1.61 to $136.48 after reporting a higher than consensus fiscal fourth quarter loss.
Raytheon (RTN) added $1.13 to $188.79 after the Pentagon awarded the company a $20.7 billion multi-year contract.
CarMax (KMX added $4.15 to $60.70 after reporting higher than consensus fiscal second quarter revenues and profits.
EquityClock’s Market Outlook for September 29th
Increasing market fragility may call for action in portfolios once into the month of October. See:
https://equityclock.com/2026/09/28/stock-market-outlook-for-september-29-2026/
Technical Notes
Turkey iShares (TUR) moved below $35.96 completing a Head & Shoulders pattern.
20 year+ Treasury Bond iShares (TLT) moved below $78.46 to a 30 month low extending an intermediate downtrend.
Morgan Stanley China A shares (CAF) moved below $18.15 extending an intermediate downtrend.
U.S. Aerospace and Defence iShares (ITA) moved below $208.92 extending an intermediate downtrend. A major contributor was weakness in Boeing.
Boeing (BA) a Dow Jones Industrial Average stock moved below $187.72 extending an intermediate downtrend.
Intuitive Surgical (ISRG) a NASDAQ 100 stock moved above $405.34 completing a double bottom pattern.
Franco-Nevada (FNV) a TSX 60 stock moved below US$253.99 completing a double top pattern.
BCE (BCE.TO) a TSX 60 stock moved below Cdn$29.26 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Commodities
Sectors
Links offered by valued providers
Yields And Oil Jump Again, Investors Run, Gold And Silver Collapse, Here Is The Bullish Trade: Verified Investing
MRKT Call – Monday, September 28th: Guy Adami and Carter Worth
MRKT Call – Monday, September 28th – YouTube
Schwab’s Liz Ann Sonders on 10-year Treasury yield: Move up has been justified by the fundamentals
The Big 3: XRP, Gold, SPCX: Includes comments by Mark Lebovit
The Big 3: XRP, Gold, SPCX – YouTube
Gold And Silver Technical Analysis Forecasting Precious Metals 1
Verified Investing
Gold And Silver Technical Analysis Forecasting Precious Metals 1 – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 2.20 to 25.40. It remained Oversold. Daily downtrend was extended.
The short term (20 days) Barometer dropped 0.40 to 30.00. It remained Oversold.
The long term Barometer dropped 1.40 to 47.20. It remained Neutral.
TSX Momentum Barometers
The intermediate term Barometer dropped 7.37 to 36.41. It changed from Neutral to Oversold on a drop below 40.00. Daily downtrend was extended.
The short term (20 days) Barometer dropped 2.76 to 33.18. It remained Oversold.
The long term Barometer dropped 2.76 to 52.07. 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