Prior Trading Day Summary
On Fri Jul 10 2026 stocks ended the day higher but once again on very low volume.
The SPX closed up 31 points to 7575 . Trading volume was a low 4.1 billion with 57% of stocks on the index closed higher which is bullish. For the week the SPX was up 92 points.
The NASDAQ rose 74 points to end the day at 26,281. Volume was still poor at 7.3 billion shares traded. The close saw only 45% of stocks rising.
Despite a second low volume day, Friday had enough underlying strength to set the index up for a positive start of bank earnings due out this week.
Even with the weekend negative news out of the middle east sending the futures lower for Monday open, the outlook is still positive for stocks as we head into bank earnings this week.
Let’s review the closing technical indicators from Fri Jul 10 2026 to see what they predict for Mon Jul 13 2026.
Stock Market Outlook: SPX Closing Chart For Fri Jul 10 2026
The index ended the day further above the 21 day moving average. Looking at the SPX chart below you can see that the index is actually trending sideways rather than up or down. With the next round of earnings starting today and bank earnings next week, we could see the index finally break to new highs.
The closing candlestick is bullish for Monday but with a long shadow which indicates weakness to start the day on Monday.
The 21 day moving average is rising and closed at 7454. This is bullish.
The 50 day moving average is rising and closed at 7433. This is bullish.
The 100 day moving average is rising and closed at 7211. This is bullish.
The 200 day moving average is rising and closed at 6964. This is bullish.
The Lower Bollinger Band is dippng. The Upper Bollinger Band is rising. The Bollinger Bands Squeeze is ending with a good chance stocks will move higher.
The SPX chart is more bullish than bearish for Mon Jul 13 2026.
SPX Stock Market Outlook review of Fri Jul 10 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and positive. This is bullish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Mon Jul 6 2026. The up signal was stronger on Friday. This is bullish.
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Ultimate Oscillator: The Ultimate Oscillator is rising which is bullish.
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Slow Stochastic: The Slow Stochastic has an up signal in place. It is bullish.
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Relative Strength Index: The RSI signal is rising which is bullish.
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| Rate of Change: The rate of change is rising signaling Monday will end higher. 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 |
| 7600 is resistance |
| 7590 is resistance |
| 7570 is resistance |
| 7550 is resistance |
| 7500 is resistance |
| 7450 is resistance |
| 7425 is resistance |
| 7400 is resistance |
| 7370 is resistance |
| 7350 is support |
| 7300 is support |
| 7280 is support |
| 7250 is support |
| 7200 is support |
| 7175 is support |
| 7150 is support |
| 7125 is support |
| 7100 is good support |
| 7050 is good support |
| 7000 is stronger support |
Stock Market Outlook for Mon Jul 13 2026
The SPX has a weak start on Monday thanks to escalation of events in the Iran conflict. Oil rose on the weekend as well.
This is a big week for stocks with bank earnings starting tomorrow and the latest read on inflation. As well the new Fed Chair Warsh testifies on Tuesday and Wednesday this week.
Overall the week could be choppy with larger moves. For Monday though, the index will open lower but then climb ahead of bank earnings on Tuesday.
Potential Economic and Political Market Moving Events
Monday:
No reports