Prior Trading Day Summary
On Mon Oct 6 2025 stocks got a bump from news of a multi-billion deal between OpenAI and AMD. With chip stocks rising, most of the market followed them higher.
The S&P rose 24 points to end the day at another new high, closing at 6740.
The NASDAQ rose 1613 points to end the day at 22,941. Volume matched Friday’s with 10.8 billion shares traded. 70% of all volume was advancing on Monday.
The FullyInformed website was down for an hour and a half Monday morning due to a fire at the hosting company.
Lets review the closing technical indicators from Mon Oct 6 2025 to see if stocks can continue the rally on Tuesday.
Stock Market Outlook: SPX Closing Chart For Mon Oct 6 2025
The index closed higher just below the Upper Bollinger Band and above the 21 day moving average. This is bullish.
The closing candlestick is mixed with two shadows which is a warning that investors could see some selling pressure today.
The 21 day moving average is rising and closed at 6633 which is bullish.
The 50 day moving average is rising and closed at 6503 which is bullish.
The 100 day moving average is rising and closed at 6328 which is bullish.
The 200 day moving average is rising and closed at 6097 which is bullish.
The Lower Bollinger Band is above the 50 day moving average which is bullish. The Upper Bollinger Band is moving higher which is also bullish.
The SPX chart is more bullish than bearish for Tuesday but is signaling the index is very overbought. All moving averages are above 6000 which is bullish for further advances.
SPX Stock Market Outlook review of Mon Oct 6 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Wed Oct 1 2025. On Mon Oct 6 2025 the up signal was unchanged.
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Ultimate Oscillator: The Ultimate Oscillator is rising.
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Slow Stochastic: The Slow Stochastic has a down signal in place.
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Relative Strength Index: The RSI signal is rising.
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| Rate of Change: The rate of change is rising, signaling a higher 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 resistance |
| 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 Tue Oct 7 2025
For Tuesday, stocks are still very overbought but momentum is continuing to push stocks higher. Every dip, even small ones, is finding ready buyers. Investors are convinced the Fed will cut rates again shortly and stocks will have further to run. On Tuesday, dips remain opportunities to setup trades and won’t last long.
Potential Economic and Political Market Moving Events
Monday:
10:00 No economic reports
Tuesday:
8:30 Trade deficit is estimated to reach -$60.7 billion
3:00 Consumer credit is estimated to fall to $14.0 billion from $16.0 billion prior