S&P 500 Daily Update for Tuesday September 30, 2025

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Market Update Summary for Monday, September 29, 2025:
Outlook for Tuesday September 30, 2025:
Market Performance:
The S&P 500 started strong with a gap higher but gave back most gains, closing up 0.26% above the unchanged level.
No significant conviction in the short term; the market remains above the 20, 50, and 200-day moving averages, leaning positive.
Volume was above average, suggesting some positioning ahead of the quarter-end on September 30.
Key Points:
Economic Data & Events: Upcoming data includes housing price indices, consumer confidence, Chicago PMI, and JOLTS job openings on Tuesday. A potential government shutdown looms, which could delay the Friday employment report. Political posturing may influence market sentiment.
Pivot Points: The market hit an intraday high at R2 (6677) and closed slightly above R1.
Sector Performance: Mega caps and growth slightly outperformed. Tech and discretionary led, while energy weakened due to reports of OPEC+ increasing output in November.
Interest Rates & Inflation: Interest rates dipped, supporting stocks.
Geopolitical Factors: Issues including a possible government shutdown, Israel-Hamas talks, and Russia-Ukraine escalations have minimal market impact so far.
Market Sentiment & Indicators:
Sentiment remains neutral, with no strong bullish or bearish bias.
Stochastics are turning slightly positive short-term.
Growth-to-value ratios are mixed; large cap Growth underperforming, mid-caps showing strength, and small caps lagging.
Volume outperforming price, a positive sign, but negative divergences in some indicators (e.g., advance-decline ratios) suggest caution.
The VIX remains low, indicating little fear despite some upticks in volatility measures.
Gold & Oil: Gold hit new all-time highs, but chasing it now may be risky due to high options activity. Oil prices fell on OPEC+ output increase expectations.
Insider Activity: Corporate insider selling signals caution, potentially pressuring the market at quarter-end.
Outlook for Tuesday, September 30:
Expect increased volume due to quarter-end window dressing.
Seasonality data suggests September 30 is typically negative for the Dow and S&P, neutral to negative for the NASDAQ.
October historically performs better, though it can be volatile. The market may test the 6,700 level for the S&P.
Watch the 20-period moving averages for support if declines occur.
Key economic reports and any government shutdown developments could sway sentiment.
Overall: The S&P 500 remains positive but lacks short-term conviction. Volume trends and select indicators are encouraging, but negative divergences and potential macro risks warrant caution. The S&P is near the top of its trend channel, with Goldman Sachs projecting 7,200 in 12 months, supported by rising earnings.

PDF of Slides:
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DISCLAIMER This video is for entertainment purposes only. I am not a financial adviser, and you should do your own research and go through your own thought process before investing in a position. Trading is risky!