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Stock Market Outlook for February 12, 2018

S&P 500 Index tests its 200-day moving average as a classic contrarian buy signal is revealed.

 

Real Time Economic Calendar provided by Investing.com.

 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.   As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

TransAtlantic Petroleum Corp. (TSE:TNP.TO) Seasonal Chart

TransAtlantic Petroleum Corp. (TSE:TNP.TO) Seasonal Chart

Sanofi SA (NYSE:SNY) Seasonal Chart

Sanofi SA (NYSE:SNY) Seasonal Chart

CCL Industries Inc. (TSE:CCL.B) Seasonal Chart

CCL Industries Inc. (TSE:CCL.B) Seasonal Chart

Mine Safety Appliances Co. (NYSE:MSA) Seasonal Chart

Mine Safety Appliances Co. (NYSE:MSA) Seasonal Chart

BP plc (ADR) (NYSE:BP) Seasonal Chart

BP plc (ADR) (NYSE:BP) Seasonal Chart

Waste Management, Inc.  (NYSE:WM) Seasonal Chart

Waste Management, Inc. (NYSE:WM) Seasonal Chart

Marathon Oil Corporation  (NYSE:MRO) Seasonal Chart

Marathon Oil Corporation (NYSE:MRO) Seasonal Chart

International Flavors & Fragrances Inc.  (NYSE:IFF) Seasonal Chart

International Flavors & Fragrances Inc. (NYSE:IFF) Seasonal Chart

Torchmark Corporation  (NYSE:TMK) Seasonal Chart

Torchmark Corporation (NYSE:TMK) Seasonal Chart

Carriage Services, Inc. (NYSE:CSV) Seasonal Chart

Carriage Services, Inc. (NYSE:CSV) Seasonal Chart

Tiffany & Co.  (NYSE:TIF) Seasonal Chart

Tiffany & Co. (NYSE:TIF) Seasonal Chart

Murphy Oil Corporation  (NYSE:MUR) Seasonal Chart

Murphy Oil Corporation (NYSE:MUR) Seasonal Chart

Teekay Corp. (NYSE:TK) Seasonal Chart

Teekay Corp. (NYSE:TK) Seasonal Chart

 

 

The Markets

Comments limited today.

The S&P 500 Index tested and bounced from long-term support at the rising 200-day moving average on Friday, setting the stage for a rebound rally.  A few hurdles on the large-cap benchmark have become apparent overhead.  The first is the 100-day moving average at 2639, a level that was tested at the highs of Friday’s session.  The second is the 50-day moving average at 2719, which could act as significant resistance on any rebound attempt over the intermediate-term.  And finally, gap resistance that we highlighted at the end of last month between 2840 and 2850.  Last week’s action was certainly a shock, leaving investors to question the amount of risk they desire to have in investment portfolios through the months ahead.

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Sentiment on Friday, as gauged by the put-call ratio, ended overly bearish at 1.31.  Earlier last week we highlighted the ideal scenario of a put-call ratio moving well above 1, creating a favourable risk-reward entry point to the market as investors look to hedge portfolio positions.  That classic contrarian signal looks to have flashed.

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Sectors and Industries entering their period of seasonal strength:

Crude Oil Futures (CL) Seasonal Chart
FUTURE_CL1 Relative to the S&P 500FUTURE_CL1 Relative to Gold

FUTURE_CL1 Monthly Averages

 

 

Seasonal charts of companies reporting earnings today:

Arch Capital Group Ltd. (ACGL) Seasonal Chart Boardwalk Pipeline Partners L.P. (BWP) Seasonal Chart  Brixmor Property Group Inc. (BRX) Seasonal Chart Ceragon Networks Ltd. (CRNT) Seasonal Chart Chegg, Inc. (CHGG) Seasonal Chart CNA Financial Corporation (CNA) Seasonal Chart Danaos Corporation (DAC) Seasonal Chart Diamond Offshore Drilling, Inc. (DO) Seasonal Chart Dun & Bradstreet Corporation (The) (DNB) Seasonal Chart  FMC Corporation (FMC) Seasonal Chart Genpact Limited (G) Seasonal Chart Insperity, Inc. (NSP) Seasonal Chart  IntriCon Corporation (IIN) Seasonal Chart  Loews Corporation (L) Seasonal Chart Luminex Corporation (LMNX) Seasonal Chart  Molina Healthcare Inc (MOH) Seasonal Chart Nordic American Tankers Limited (NAT) Seasonal Chart NorthWestern Corporation (NWE) Seasonal Chart Otter Tail Corporation (OTTR) Seasonal Chart Palatin Technologies, Inc. (PTN) Seasonal Chart Qualys, Inc. (QLYS) Seasonal Chart   Restaurant Brands International Inc. (QSR) Seasonal Chart Ringcentral, Inc. (RNG) Seasonal Chart ServiceSource International, Inc. (SREV) Seasonal Chart Sunstone Hotel Investors, Inc. (SHO) Seasonal Chart TIER REIT, Inc. (TIER) Seasonal Chart USA Compression Partners, LP (USAC) Seasonal Chart Varonis Systems, Inc. (VRNS) Seasonal Chart Veeco Instruments Inc. (VECO) Seasonal Chart Vipshop Holdings Limited (VIPS) Seasonal Chart Vornado Realty Trust (VNO) Seasonal Chart Watts Water Technologies, Inc. (WTS) Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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