Pre-opening Comments for Wednesday September 30th
U.S equity index futures were higher this morning. S&P 500 futures were up 33 points at 8:35 AM EDT.
S&P 500 futures gained 23 points following release of U.S. economic data at 8:30 AM EDT Third estimate of second quarter U.S. GDP was expected to be unchanged at 1.5%. Actual was a 2.2% increase. .August U.S. Consumer Spending was expected to increase 0.8% versus a 0.2% increase in July. Actual was a 0.9% increase. August U.S. Personal Income was expected to increase 0.4% versus a revised 0.2% increase in July. Actual was a 0.2% increase. August Core PCE Price was expected to increase 0.3% versus a 0.2% increase in July. Actual was a 0.2% increase. On a year-over-year basis, August Core PCE Price was expected to increase 3.3% versus 3.3% in July. Actual was a 3.0% increase.
Moderna (MRNA) dropped $12.11 to $191.35 after Citigroup downgraded the stock from hold to sell.
Boeing (BA) added $4.15 to $191.83 after the U.S. Navy chose Boeing to build its next generation jet fighter.
Hormel Foods (HRL) added after announcing purchase of Brakebush Brothers for $1.06 billion.
EquityClock’s Market Outlook for September 30th
Performing a deep dive on the prospects for Gold as rates and dollar pressures weigh.
See:
https://equityclock.com/2026/09/29/stock-market-outlook-for-september-30-2026/
Technical Notes
Diamond Back Energy (FANG) a NASDAQ 100 stock moved below $86.89 extending an intermediate downtrend.
Copart (CPRT) a NASDAQ 100 stock moved below $26.81 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Commodities
Sectors
Links offered by valued providers
Trading Places Live September 29, 2026: Tom Bowley
Trading Places Live September 29, 2026 – YouTube
The Market’s Most Important Growth Stocks: Dave’s Dirty Dozen
The Market’s Most Important Growth Stocks: Dave’s Dirty Dozen – YouTube
Market Call: Colin Cieszynski’s outlook on Technical Analysis (Sept. 29, 2026)
Market Call: Colin Cieszynski’s outlook on Technical Analysis (Sept. 29, 2026) – YouTube
Warning: Oil Falls But Yields Still Rise: A Stock Market Breaking Point? Verified Investing
Warning: Oil Falls But Yields Still Rise: A Stock Market Breaking Point? – YouTube
Brent Kochuba Says Friday’s Jobs Report Is the One That Matters:
Brent Kochuba Says Friday’s Jobs Report Is the One That Matters – YouTube
S&P 500 Momentum Barometers
The intermediate term Barometer added 0.20 to 25.60. It remained Oversold.
The short term (20 days) Barometer dropped 3.00 to 27.00. It remained Oversold.
The long term Barometer dropped 1.80 to 45.40. It remained Neutral. Daily downtrend was extended.
TSX Momentum Barometers
The intermediate term Barometer dropped 1.38 to 35.02. It remained Oversold. Daily downtrend was extended.
The short term (20 days) Barometer dropped 1.38 to 31.80. It remained Oversold.
The long term Barometer added 0.46 to 52.53. 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