Daily Market Report

First, I want to mention that we're having a special LiveStream event on Saturday, October 3rd, at 10:00am ET. We will send you a link to the event, so there's no need for you to register. This would be a great time for those unaware of EarningsBeats.com to check us out as this is a FREE event and open to the public. If there's someone you'd like to invite, simply send them this link to register:

The Warning Signal That Appears Before Major Market Tops

Next, because of the Saturday event and the time it takes to prepare for it, I have updated our ChartLists through Wednesday, September 30, 2026. The following ChartLists have been updated and should be available on our website later today for viewing/downloading:

* Strong Earnings (SECL)
* Strong Future Earnings (SFECL)
* Raised Guidance (RGCL)
* Bullish Trifecta (BTCL)
* Short Squeeze (SSCL)
* Leading Stocks (LSCL)

Matt's Hot Stocks will be updated this weekend and made available on Monday morning. The ChartLists above will not be updated this weekend to include Thursday and Friday activity. Instead, the next ChartList update next weekend will include that activity PLUS next week's activity.

Today's Market Update

It's been a very interesting day thus far. The 10-year treasury yield ($TNX) is down 6 basis points to 5.24%, though off its intraday low of 5.20%. That decline, which nearly reached the 50-hour SMA to reset the PPO at its centerline, triggered a short-term mini-rally in small caps (IWM), as I anticipated it would. Here's the TNX, along with the IWM:

This is simply a very quick reversal and an indication of the inverse relationship these two have at this time. I believe a more sustainable downtrend in the TNX and uptrend in the IWM could occur if the jobs report out on Friday morning at 8:30am ET comes in below expectations. If the number is hotter than expected, all bets are off, and the IWM could see a move down to test the 269 support level that I discussed earlier. I am looking for an ultimate bottom in the IWM somewhere between current price and 269.

MarketWatch.com is showing an estimate of 84,000 jobs for September. If the actual number is lower than that, it could trigger buying of treasuries, sending the TNX down lower. That could be the cause of a more sustained rally in the IWM and the TNA (3x leveraged ETF that tracks the IWM).

Crude oil ($WTIC, +2.80%) is on the move higher, and is just shy of $93 per barrel. That's enabled the energy sector (XLE, +1.88%) to show leadership on today's session. Technology (XLK, +1.06%) is also having another solid day, printing an intraday high of 198.54, an all-time high for the XLK, eclipsing the intraday high on June 3rd of 198.26.

5 sectors are gaining ground, while 6 sectors are declining. Health care (XLV, -1.10%) is our primary laggard.

Corteva (CTVA, -84.29%) is not truly down by 84%. I wanted to mention this as multiple sites are reporting that CTVA has crashed. The specialty chemicals company spun off Vylor (VYLR), a seed company that opened for trading today and, at last check, was trading at 69.17. CTVA, which closed at 77.65 on Wednesday, is shown at 12.17 today. But those who own CTVA, will receive shares of VYLR at its current price. Therefore, CTVA is actually higher on today's session.

Have a great afternoon!

Happy trading!

Tom