Prior Trading Day Summary
On Fri Oct 9 2026 stock indexes climbed higher into the close with the SPX rising 46 points to close at 7811 a few points below its recent all-time high.
Volume was just 4.8 billion shares the lowest volume since Sep 25 but new 52 week lows were cut in half to 123. 56% of all volume was being traded higher and 51% of all stocks closed higher. For the week the SPX earned 89 points.
The NASDAQ rose 1712 points to close at 27,366. Volume was also low at 7 billion shares traded, the lowest daily number of shares changing hands since Sep 11. New lows fell to 272 and new highs rose to 72. 52% of all volume was being traded higher and by the close 57% of all stocks were higher.
For the week the NASDAQ rose 175 points marking a 4th straight weekly rise in the index.
Let’s review the closing technical indicators from Fri Oct 9 2026 to see what they predict for Mon Oct 12 2026.
Stock Market Outlook: SPX Closing Chart For Fri Oct 9 2026
The index ended the day below the Upper Bollinger Band but above the 21 day moving average for a fifth straight day. This is bullish.
The closing candlestick is bullish for Monday.
The 21 day moving average is rising and closed at 7702. This is bullish.
The 50 day moving average is rising and closed at 7696. This is bullish.
The 100 day moving average is rising and closed at 7542. This is bullish.
The 200 day moving average is rising and closed at 7282. This is bullish.
The Lower Bollinger Band is below the 50 day moving average but turning higher which is bearish. The Upper Bollinger Band is rising which is bullish.
The SPX chart is more bullish that bearish and is signaling the rally will continue today.
SPX Stock Market Outlook review of Fri Oct 9 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 MonOct 5 2026. The up signal was stronger on Fri Oct 9 2026.
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Ultimate Oscillator: The Ultimate Oscillator is rising. This is bullish.
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Slow Stochastic: The Slow Stochastic has a down signal in place and is overbought. This is bearish.
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Relative Strength Index: The RSI signal is rising. This is bullish.
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| Rate of Change: The rate of change is rising, signaling that 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 |
| 7850 is resistance |
| 7825 is resistance |
| 7800 is resistance |
| 7780 is resistance |
| 7750 is resistance |
| 7700 is resistance |
| 7650 is resistance |
| 7600 is support |
| 7570 is support |
| 7550 is support |
| 7500 is support |
Stock Market Outlook for Mon Oct 12 2026
To start the week, bank earnings start on Tuesday before the open. Estimates are for earnings to beat last year for the same quarter and show stronger revenue growth. We also get earnings from Johnson and Johnson (JNJ), UnitedHealth Group (UNH) and Domino’s Pizza (DPZ). Monday should see investors positioning themselves ahead of the earnings.
Potential Economic and Political Market Moving Events
Monday:
No reportss