As recession fears continue, there was a broad market sell-off overnight. In the US, the sell-off was led by Apple, which dropped after a major investment bank downgraded the tech giant. This saw the Nasdaq tumble 2.8%, while the Dow Jones dropped 1.5% and the S&P500 closed with a new low for the year, down 2.1%. The major averages are on track for a losing week and a month of losses, with the Nasdaq leading the months losses, down 9% for September. 

What to watch today:

• Following US equities overnight, the SPI futures are suggesting our local market will drop 0.34% at the open this morning. 
• And following the Nasdaq’s sharp drop, keep watch of ASX-listed tech stocks today, as they may mirror the overnight sell-off. 
• Today continue to watch AGL Energy (ASX:AGL), after yesterday announcing it’s fast tracking its exist from coal. 
• In commodities, oil is trading lower, so watch energy producers such as Beach Energy (ASX:BPT) and Woodside Energy (ASX:WDS). The price of gold edged higher overnight, which may boost gold miners such as St Barbara (ASX:ASB) and Newcrest Mining (ASX:NCM), while iron ore is trading flat. 
• And we may see the price of Nick Scali (ASX:NCK) fall, as the stock is set to go ex-dividend today. 

Trading Ideas:

• Bell Potter maintain a Speculative Buy rating on Boss Energy (ASX:BOE), after the company reported full year 2022 results, ahead of Bell Potter’s expectations at the NPAT level, and in-line with their EBITDA estimates. They’ve increased their valuation from $3.32 to $3.51. At BOE’s current share price of $2.35, this implies 49.4% share price growth in a year. 
• Trading Central have identified a bullish signal in Medibank Private (ASX:MPL), indicating that the stock price may rise from the close of $3.52 to the range of $3.85 to $3.93 over 22 days, according to the standard principles of technical analysis.