Pre-opening Comments for Wednesday September 10th
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 added 13 points following release of the U.S. August Producer Price Index at 8:30 AM EDT. Consensus was a 0.3% gain versus a 0.9% gain in July. Actual was a 0.1% drop. On a year-over-year basis, PPI consensus was a 3.3% gain. Actual was a 2.6% gain. Excluding food and energy, consensus for August PPI was a 0.3% increase. Actual was a 0.1% drop. On a year-over year basis consensus was a 3.5% gain. Actual was a 2.8% gain.
Oracle jumped $52.49 to an all-time high at $294.00 after reporting higher than consensus fiscal first quarter revenues and earnings.
![clip_image001[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/09/clip_image0011-4.png "clip_image001[1]")
Gamestop added $1.01 to $24.60 after reporting its fifth straight quarterly revenues and earnings gain.
![clip_image002[1]](https://timingthemarket.ca/techtalk/wp-content/uploads/2025/09/clip_image0021-4.png "clip_image002[1]")
Novo Nordisk added $0.56 to $54.86 after announcing plans to reduce 9,000 jobs to cut costs.
EquityClock’s Market Outlook for September 10th
A fuel source that has worked to elevate the prices of risk assets (stocks) is starting to flash an empty signal. See:
https://equityclock.com/2025/09/09/stock-market-outlook-for-september-10-2025/
Technical Notes
Taiwan iShares (EWT) moved above $61.35 to an all-time high extending an intermediate uptrend.
Copper Miners ETF (COPX) moved above $51.72 to an all-time high extending an intermediate uptrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for September 9th 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 9th 2025
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for September 9th 2025
Green: Increase from previous day
Red: Decrease from previous day
Links offered by valued providers
The Case for "Buying Boring" When Stocks Gets Expensive: Dan Nathan and Peter Bookvar
The Case for "Buying Boring" When Stocks Gets Expensive – YouTube
Job growth revised down by 911K through March, signaling economy on shakier footing than realized
Goldman Sachs’ David Kostin on year-end playbook
Goldman Sachs’ David Kostin on year-end playbook – YouTube
Volatility may be in store this month into next month, says Fairlead’s Katie Stockton
Volatility may be in store this month into next month, says Fairlead’s Katie Stockton – YouTube
Strong performance from tech, mining and industrials: TSX30
Strong performance from tech, mining and industrials: TSX30 – YouTube
Greg Weldon: Why Investors Are Fleeing Stocks for Gold and Bitcoin as Economic Storm Clouds Gather
S&P 500 Momentum Barometers
The intermediate term Barometer dropped 1.80 to 59.20. It changed from Overbought to Neutral on a move below 60.00.
The long term Barometer dropped 1.40 to 64.00. It remains Overbought.
TSX Momentum Barometers
The intermediate term Barometer added 0.47 to 72.04. It remains Overbought.
The long term Barometer dropped 1.42 to 81.52. 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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Equity Clock Publications