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Stock Market Outlook for November 6, 2019


Job openings declined by 4.3% to 7.095 million in September, which is more than double the 2.0% decline that is average for the month.

 

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:

Subscribers – Click on the relevant link to view the full profile. Not a subscriber? Signup here.

Income Financial Trust (TSE:INC/UN.TO) Seasonal Chart

Income Financial Trust (TSE:INC/UN.TO) Seasonal Chart

Mid Penn Bancorp (NASD:MPB) Seasonal Chart

Mid Penn Bancorp (NASD:MPB) Seasonal Chart

Badger Meter, Inc. (NYSE:BMI) Seasonal Chart

Badger Meter, Inc. (NYSE:BMI) Seasonal Chart

Clear Channel Outdoor Holdings Inc. (NYSE:CCO) Seasonal Chart

Clear Channel Outdoor Holdings Inc. (NYSE:CCO) Seasonal Chart

Avnet, Inc. (NASD:AVT) Seasonal Chart

Avnet, Inc. (NASD:AVT) Seasonal Chart

Canterbury Park Holding Corp. (NASD:CPHC) Seasonal Chart

Canterbury Park Holding Corp. (NASD:CPHC) Seasonal Chart

UEX Corp. (TSE:UEX.TO) Seasonal Chart

UEX Corp. (TSE:UEX.TO) Seasonal Chart

Masco Corp. (NYSE:MAS) Seasonal Chart

Masco Corp. (NYSE:MAS) Seasonal Chart

 

 

The Markets

Stocks were mixed on Tuesday as investors digested the gains from the days prior.  The S&P 500 Index traded lower by just over one-tenth of a percent, moving into the gap that was opened during Monday’s session between 3065 and 3080.  Short-term momentum indicators are rolling over from overbought territory.  Failure to hold the present open gap would open the door for a fill of the other open gap charted in recent days between 3040 and 3050.

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On the economic front, the monthly Job Openings and Labor Turnover Survey (JOLTS) was released during Tuesday’s session. The headline print of September’s report indicated that openings declined by 3.8% in the month to 7.024 million. Analysts were expecting a decline of 3.7% to 7.028 million. There were 5.769 million individuals that were declared unemployed in September, according to the Bureau of Labor Statistics, suggesting that at least one opportunity was available for everyone seeking a job. Stripping out the seasonal adjustments, openings actually declined by 4.3% to 7.095 million, which is more than double the 2.0% decline that is average for September. The year-to-date change is barely higher on the year, up by 2.5%, far less than the 16-year average increase through the end of August of 20.1%.  We sent out further insight to subscribers intraday, including the trends for job openings, hires, and quits.  Subscribe now and we’ll send you this report.

http://charts.equityclock.com/seasonal_charts/economic_data/JTUJOL_seasonal_chart.PNG

Also released on Tuesday was a special report to subscribers providing insight on precautions investors should consider for the next couple of weeks.  Signup now and we’ll forward this timely analysis.

North of the border, Statscan released merchandise trade data for the month of September. Subscribers can login an view the seasonal charts from this report via the following link: https://charts.equityclock.com/canadian-international-merchandise-trade-exports-imports

http://charts.equityclock.com/seasonal_charts/economic_data/v1001826806_seasonal_chart.PNG

Total Canadian Imports of all merchandise Seasonal Chart

Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.85.

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Seasonal charts of companies reporting earnings today:

QUALCOMM Incorporated Seasonal Chart CVS Health Corporation Seasonal Chart Fiserv, Inc. Seasonal Chart EOG Resources, Inc. Seasonal Chart Humana Inc. Seasonal Chart Baidu, Inc. Seasonal Chart Manulife Financial Corp Seasonal Chart Energy Transfer L.P. Seasonal Chart Barrick Gold Corporation Seasonal Chart WEC Energy Group, Inc. Seasonal Chart Sun Life Financial Inc. Seasonal Chart FleetCor Technologies, Inc. Seasonal Chart CGI Inc. Seasonal Chart Fox Corporation Seasonal Chart Expedia Group, Inc. Seasonal Chart IAC/InterActiveCorp Seasonal Chart Vulcan Materials Company Seasonal Chart Liberty Global plc Seasonal Chart CBRE Group, Inc. Seasonal Chart ANSYS, Inc. Seasonal Chart CNH Industrial N.V. Seasonal Chart CenturyLink, Inc. Seasonal Chart Evergy, Inc. Seasonal Chart DexCom, Inc. Seasonal Chart Broadridge Financial Solutions, Inc. Seasonal Chart Wynn Resorts, Limited Seasonal Chart Hologic, Inc. Seasonal Chart BanColombia S.A. Seasonal Chart Atmos Energy Corporation Seasonal Chart Alliant Energy Corporation Seasonal Chart The AES Corporation Seasonal Chart VEREIT Inc. Seasonal Chart Marathon Oil Corporation Seasonal Chart Coty Inc. Seasonal Chart Amerco Seasonal Chart Ionis Pharmaceuticals, Inc. Seasonal Chart Perrigo Company Seasonal Chart Royal Gold, Inc. Seasonal Chart Albemarle Corporation Seasonal Chart The Middleby Corporation Seasonal Chart Sealed Air Corporation Seasonal Chart Charles River Laboratories International, Inc. Seasonal Chart Kinross Gold Corporation Seasonal Chart RealPage, Inc. Seasonal Chart TripAdvisor, Inc. Seasonal Chart Horizon Therapeutics Public Limited Company Seasonal Chart Scotts Miracle-Gro Company (The) Seasonal Chart Moderna, Inc. Seasonal Chart Primerica, Inc. Seasonal Chart New York Times Company (The) Seasonal Chart Globus Medical, Inc. Seasonal Chart Ultrapar Participacoes S.A. Seasonal Chart Wendy's Company (The) Seasonal Chart Enable Midstream Partners, LP Seasonal Chart Southwest Gas Holdings, Inc. Seasonal Chart Flowers Foods, Inc. Seasonal Chart Nexstar Media Group, Inc. Seasonal Chart Grand Canyon Education, Inc. Seasonal Chart Allete, Inc. Seasonal Chart CyberArk Software Ltd. Seasonal Chart LHC Group Seasonal Chart Ormat Technologies, Inc. Seasonal Chart Sinclair Broadcast Group, Inc. Seasonal Chart Wright Medical Group N.V. Seasonal Chart Eldorado Resorts, Inc. Seasonal Chart Pan American Silver Corp. Seasonal Chart ANGI Homeservices Inc. Seasonal Chart MFA Financial, Inc. Seasonal Chart Physicians Realty Trust Seasonal Chart DCP Midstream LP Seasonal Chart Darling Ingredients Inc. Seasonal Chart Nektar Therapeutics Seasonal Chart Cedar Fair, L.P. Seasonal Chart Sunoco LP Seasonal Chart El Paso Electric Company Seasonal Chart Stantec Inc Seasonal Chart Papa John's International, Inc. Seasonal Chart Iamgold Corporation Seasonal Chart Fossil Group, Inc. Seasonal Chart Just Energy Group, Inc. Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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