RTX is oversold and nearing a potential bottom, but its high valuation warrants caution, suggesting a hold with close monitoring.
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Markets, Charts, & Trades 2 Oct 2026
Oct 4, 2026
The creator reviews the stock market performance for the week ending October 2, 2026, noting mixed sector performance and providing a technical analysis of the S&P 500. The S&P 500 closed down for the week but showed strength on Friday, with technical indicators suggesting potential positive outcomes.
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Tickers discussed in this post
Nvidia is in a strong uptrend, trading above key moving averages, and is expected to achieve a remarkable 441.37% total annual return if it returns to its normal market multiple, making it a buy with plans to add on pullbacks.
Microsoft (MSFT) is in an uptrend with a bullish bias, showing strong technical indicators and chart patterns that suggest a continued rise, with price targets around $582 and $624.
The S&P 500 is showing signs of potential recovery, with the market-cap-weighted index regaining relative strength after a period of weakness.
Mid-cap companies saw a slight increase of over half a percent for the week.
The Nasdaq 100 saw a modest gain of 0.65% for the week.