Prior Trading Day Summary
On Tue Sep 9 2025 stocks sunk early morning and then spent the rest of the day climbing to another new closing high. The SPX closed up 17 points to 6512. Volume was equally split with 49% of all volume rising and 49% falling. However 59% of all stocks were declining despite the higher close.
The NASDAQ rose 80 points to end the day at 21879. Intraday a new high was made at 21,891. Volume was a bit lower at 8.2 billion shares traded. 63% of al volume was traded higher but 51% of all stocks were falling by the close.
Lets review the closing technical indicators from Tue Sep 9 2025 to see what we should expect for Wed Sep 10 2025.
Stock Market Outlook: SPX Closing Chart For Tue Sep 9 2025
The index closed above the 21 day moving average. It closed just below the Upper Bollinger but the move was bullish.
The closing candlestick is bullish for Wednesday with a long shadow signaling a chance for a spike or drop intraday.
The 21 day moving average is rising and closed at 6452 which is bullish.
The 50 day moving average is rising and closed at 6363 which is bullish.
The 100 day moving average is rising and closed at 6179 which is bullish.
The 200 day moving average is rising and closed at 5982 which is bullish.
The Lower Bollinger Band is higher and above the 50 day moving average which is bullish. The Upper Bollinger Band is starting to rise which is bullish. A Bollinger Bands Squeeze is still present with no clear signal whether stocks will move higher or lower out of the latest Bollinger Bands Squeeze.
The SPX chart is more bullish for Wednesday.
SPX Stock Market Outlook review of Tue Sep 9 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is unchanged and positive.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue Aug 19 2025. On Tue Sep 9 2025 the down signal was almost gone.
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Ultimate Oscillator: The Ultimate Oscillator is rising.
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Slow Stochastic: The Slow Stochastic has a neutral 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 signal is falling, signaling a lower close for Wed Sep 10 2025. 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 |
| 6510 is resistance |
| 6500 is resistance |
| 6470 is resistance |
| 6450 is resistance |
| 6425 is resistance |
| 6400 is resistance |
| 6390 is resistance |
| 6365 is resistance |
| 6350 is resistance |
| 6325 is resistance |
| 6300 is resistance |
| 6250 is resistance |
| 6225 is support |
| 6200 is support |
| 6175 is support |
| 6150 is support |
| 6125 is support |
| 6100 is support |
| 6075 is support |
| 6050 is support |
| 6025 is support |
| 6000 is support |
Stock Market Outlook for Wed Sep 10 2025
On Wednesday stock direction will depend on the Producer Price Index report. If it shows much higher inflationary pressures, expect stocks to fall.
On Thursday we get the latest CPI (Consumer Price Index) numbers . I am expecting Thursdaywill be choppy but with a good chance for a flat to slightly higher close.
Potential Economic and Political Market Moving Events
Monday:
3:00 Consumer credit rose above estimates to $16.0 billion, well above the previous reading
Tuesday:
6:00 NFIB optimism index was slightly higher than estimated, coming in at 100.8 for August
Wednesday:
8:30 Producer Price Index is estimated to fall to 0.3% from 0.9% prior
8:30 Core PPI is estimated to drop to 0.3% from 0.6% prior
8:30 PPI year-over-year is estimated at 3.3%
8:30 Core PPI year-over-year is estimated at 2.6% down from 2.8% prior
10:00 Wholesale inventories are estimated unchanged at 0.2%