Broadcast October 4, 2026 · Video episode · 56 minutes
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From the original video description
This week on the Trading Justice Podcast, we break down a market that continues to send conflicting signals. The S&P 500 remains near its highs and technology continues to lead, but underneath the surface market breadth is weakening as the equal-weight S&P, Russell 2000, and other areas of the market test important technical support.
We then turn to the labor market following a surprisingly weak September jobs report. Payroll growth slowed sharply, previous months were revised lower, unemployment ticked higher, and wage growth continued to cool. Is this exactly what the Fed has been waiting for—or are we beginning to see cracks in the economy?
Finally, gold has suffered a significant technical breakdown after one of the strongest runs in years. We examine the damage on the chart, the impact of Treasury yields and the U.S. dollar, and whether this is simply a correction inside the longer-term gold bull market or something more significant.
In this episode:
– Why technology continues to carry the broader market
– SPY vs. RSP and what weakening breadth is telling us
– The September jobs report and deteriorating labor data
– What labor weakness means for the Fed and interest rates
– Gold’s technical breakdown and the longer-term bull thesis
– The key charts, levels, and catalysts we’re watching this week
– Coaches Corner: The midterms, the markets, and which sectors have the most at stake
As always, we open the futures markets live Sunday night and break down the technical condition of the major indexes as the new trading week gets underway.
Market commentary reflects the original broadcast date. This release is available as a video episode; a separate Libsyn audio release has not been verified.
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