Market Digest: AAPL, COR, CCL, DECK, ETD, ETN, ORCL

Argus

•

Sep 11, 2025

Summary

On September 9, the S&P 500, S&P 100, Invesco S&P 500 Top 50 ETF (XLG), Nasdaq, and Nasdaq 100 (QQQ) all hit all-time highs, albeit very minor new highs. In a recent technical commentary, we wrote that since the start of August, the S&P 500 and S&P 100 were possibly working to emerge from a somewhat rare formation known as a rising consolidation. These bullish patters are seen after strong multi-month rallies and when many are looking for a technical pullback (like us). We noted that the recent pause was tight, with a minor slope to the upside - and said that we were looking for some follow-through to the upside as confirmation of the pattern. The above is still the case, and now we can add the Nasdaq, Nasdaq 100 and the XLG to the list. Sometimes the break higher out of these formations can be sharp. While big short-term gains are always enjoyable, they can lead to parabolic, blow-off moves that have little staying power. So, the question is as follows. Do you want your gains in two weeks or spread out over two months? Despite the powerful move since late 2022, certain breadth measu