Prior Trading Day Summary
On Thursday stocks ended the day slightly negative but volumes remained strong.
The S&P fell 18 points, ending the day at 67535 just slightly below its all-time high of 6755. Volume was 5.4 billion shares traded with 65% of the volume moving lower.
The NASDAQ fell 18 points to end the day at 23024. Volume was 11.0 billion shares with 60% of the volume being traded to the upside as investors took advantage of declining shares.
Lets review the closing technical indicators from Thu Oct 9 2025 to see what we should expected for Fri Oct 10 2025.
Stock Market Outlook: SPX Closing Chart For Thu Oct 9 2025
The index closed just below the Upper Bollinger Band. This is still bullish.
The closing candlestick is signaling overbought.
The 21 day moving average is rising and closed at 6664 which is bullish.
The 50 day moving average is rising and closed at 6525 which is bullish.
The 100 day moving average is rising and closed at 6352 which is bullish.
The 200 day moving average is rising and closed at 6115 which is bullish.
The Lower Bollinger Band is above the 50 day moving average which is bullish. The Upper Bollinger Band is turning higher which is bullish.
The SPX chart is more bullish than bearish for Friday but signals point to a lower day. All moving averages are above 6100 which is bullish for further advances.
SPX Stock Market Outlook review of Thu Oct 9 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and positive.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Wed Oct 1 2025. On Thu Oct 9 2025 the up signal was gone and an unconfirmed down signal is waiting for confirmation.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has a weak up signal but closer to neutral in place.
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Relative Strength Index: The RSI signal is falling.
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| Rate of Change: The rate of change is falling, signaling a lower close for today. Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises, the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline. |
Stock Market Outlook: Support and Resistance Levels |
| 6775 is resistance |
| 6750 is resistance |
| 6715 is resistance |
| 6700 is resistance |
| 6675 is resistance |
| 6650 is resistance |
| 6625 is resistance |
| 6600 is resistance |
| 6590 is resistance |
| 6570 is resistance |
| 6535 is resistance |
| 6510 is resistance |
| 6500 is resistance |
| 6470 is resistance |
| 6450 is resistance |
| 6425 is support |
| 6400 is support |
| 6350 is support |
| 6325 is support |
| 6300 is support |
| 6250 is support |
| 6225 is support |
| 6200 is support |
| 6175 is support |
| 6150 is support |
| 6125 is support |
| 6100 is support |
Stock Market Outlook for Fri Oct 10 2025
For Friday the technical indicators are pointing to weakness with a good chance for a negative close. A large drop is not expected or pointed to by any of the technical indicators. It will be a choppy day, but dips are opportunities to setup trades.
Potential Economic and Political Market Moving Events
Monday:
10:00 No economic reports
Tuesday:
8:30 Trade deficit was not released due to the government shutdown
3:00 Consumer credit was not accurate on Tuesday.
Wednesday:
2:00 Minutes of Fed’s September FOMC meeting seemed to indicate that 2 more rate reductions are likely this year.That also helped stocks in the afternoon on Wednesday.
Thursday:
8:20 Fed Chair Powell speaks
8:30 Weekly Initial Unemployment Insurance Claims are not expected to be released due to the government shutdown.
10:00 Whole inventories are also not expected to be released
Friday:
10:00 Consumer sentiment is not expected to be released due to the government shutdown