Contact | RSS Feed

Stock Market Outlook for March 31, 2020


Equity benchmarks testing resistance at declining 20-day moving averages as month-end portfolio rebalancing comes to an end.

 

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.

Virtus Investment Partners, Inc. (NASD:VRTS) Seasonal Chart

Virtus Investment Partners, Inc. (NASD:VRTS) Seasonal Chart

Norwood Financial Corp. (NASD:NWFL) Seasonal Chart

Norwood Financial Corp. (NASD:NWFL) Seasonal Chart

 

 

The Markets

Stocks gained to start the week as investors looked to rebalance portfolios into the end of the month.  The S&P 500 Index gained 3.35%, taking another swing at resistance presented by the declining 20-day moving average.  The large-cap benchmark closed the gap that was opened on Friday at 2575, removing a short-term hurdle that threatened to bring an abrupt halt to the rebound rally that started a week ago.  The big hurdle remains the open gap around 2700 that was charted in the middle of the month.  This gap has seen a few tests throughout the past couple of weeks, but each attempt has seen prices back off.  Short-term momentum is now behind the benchmark to present a viable attempt to break the level of resistance overhead, which we’ll be monitoring closely.  On the hourly chart, momentum indicators had been positively diverging from price coming into this rebound rally and they continue to trend higher.  Did your playbook not prepare you for this raging rebound over the past week?  We prepared subscribers in the days prior to the market low, informing them that the best chance to produce the rebound rally for stocks was ahead and how they’ll want to approach the rebound in the grand scheme of the market rout.  Subscribe now to follow along with our work and approach.

image

Just released…

Our 67-page monthly outlook for April was released before Monday’s opening bell.

Highlights in this report include:

  • Equity market tendencies in the month of April
  • Abnormal economic environment leads to abnormal equity market returns
  • The Fundamental Toll from the Coronavirus
  • The Unwind of the Consensus Bet
  • Knowing Where the Excesses in the Market Are
  • Tracking Margin Debt
  • From Complacency to Pessimism
  • The Path for Stocks Ahead
  • The required element to confirm stability in the equity market
  • What’s next in the seasonal rotation
  • The technical status of the S&P 500 Index
  • Sector reviews and ratings
  • Notable stocks and ETFs entering their period of strength in April

Subscribe now and we’ll send you a copy.

Sentiment on Monday, as gauged by the put-call ratio, ended bearish at 1.07.

image

 

 

 

 

Seasonal charts of companies reporting earnings today:

McCormick & Company, Incorporated Seasonal Chart ConAgra Brands, Inc. Seasonal Chart Verint Systems Inc. Seasonal Chart BlackBerry Limited Seasonal Chart GWG Holdings, Inc Seasonal Chart Landec Corporation Seasonal Chart IMV Inc. Seasonal Chart Capital Senior Living Corporation Seasonal Chart

 

 

S&P 500 Index

image

image

 

 

TSE Composite

image

image

 

Sponsored By...
Seasonal Advantage Portfolio by CastleMoore

Comments are closed.