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Stock Market Outlook for November 27, 2019


The year-to-date change in new home sales is showing the best performance in over three decades.

 

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.

MSG Networks Inc. (NYSE:MSGN) Seasonal Chart

MSG Networks Inc. (NYSE:MSGN) Seasonal Chart

Trican Well Service Ltd. (TSE:TCW.TO) Seasonal Chart

Trican Well Service Ltd. (TSE:TCW.TO) Seasonal Chart

 

 

The Markets

Stocks rose for a second day in this holiday shortened week as the average Thanksgiving trade progresses.  The S&P 500 Index added over two-tenths of one percent, charting another all-time closing high.  Benchmarks have thus far shrugged off technical sell signals presented by various momentum indicators and instead are following their seasonal playbook that calls for gains around the Thanksgiving holiday.  We wrote about the effect and distributed our report to subscribers last week.  The positive tendency typically persists into the first few days of the new month.

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On the economic front, a report on new home sales was released during Tuesday’s session.  The headline print indicated that sales of new homes declined by 0.7% in October to a seasonally adjusted annualized rate of 733,000.  Analysts were expecting a rate of 707,000.  Striping out the seasonal adjustments, new home sales were unchanged (0.0%) last month, which is weaker than the 1.5% increase that is average for this time of year.  The year-to-date change is trending 36.3% above average through the end of October, representing the best performance in over three decades.  Subscribers can login and view the seasonal charts of this report via the following link: https://charts.equityclock.com/u-s-new-home-sales

New Home Sales Seasonal Chart

Released to subscribers on Tuesday was our quarterly review of the predominantly completed earnings season, as it pertains to the constituents of the Dow Jones Industrial Average.  Included within are the stocks that screen the best according to our three-pronged approach incorporating seasonal, technical, and fundamental analysis.  Subscribe now and we’ll send you this valuable insight.

http://charts.equityclock.com/seasonal_charts/fundamental/AAPL_Revenue.PNG

Sentiment on Tuesday, as gauged by the put-call ratio, ended bearish at 1.05.

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Seasonal charts of companies reporting earnings today:

Deere & Company Seasonal Chart Frontline Ltd. Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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