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Stock Market Outlook for May 8, 2020


If you need further confirmation why seasonal adjustment factors are flawed, the manipulation just added almost 3 million additional jobless claims above what has actually been realized during the past 7 weeks.

 

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.

Momenta Pharmaceuticals Inc. (NASD:MNTA) Seasonal Chart

Momenta Pharmaceuticals Inc. (NASD:MNTA) Seasonal Chart

Neogen Corp. (NASD:NEOG) Seasonal Chart

Neogen Corp. (NASD:NEOG) Seasonal Chart

Enzo BioChem, Inc. (NYSE:ENZ) Seasonal Chart

Enzo BioChem, Inc. (NYSE:ENZ) Seasonal Chart

Kratos Defense & Security Solutions, Inc. (NASD:KTOS) Seasonal Chart

Kratos Defense & Security Solutions, Inc. (NASD:KTOS) Seasonal Chart

Ark Restaurants Corp. (NASD:ARKR) Seasonal Chart

Ark Restaurants Corp. (NASD:ARKR) Seasonal Chart

Intrexon Corp. (NASD:XON) Seasonal Chart

Intrexon Corp. (NASD:XON) Seasonal Chart

Invesco DWA SmallCap Momentum ETF (NASD:DWAS) Seasonal Chart

Invesco DWA SmallCap Momentum ETF (NASD:DWAS) Seasonal Chart

iShares U.S. Pharmaceuticals ETF (NYSE:IHE) Seasonal Chart

iShares U.S. Pharmaceuticals ETF (NYSE:IHE) Seasonal Chart

iShares Global Healthcare ETF (NYSE:IXJ) Seasonal Chart

iShares Global Healthcare ETF (NYSE:IXJ) Seasonal Chart

SPDR S&P Biotech ETF (NYSE:XBI) Seasonal Chart

SPDR S&P Biotech ETF (NYSE:XBI) Seasonal Chart

Vector Group Ltd. (NYSE:VGR) Seasonal Chart

Vector Group Ltd. (NYSE:VGR) Seasonal Chart

H & R Block, Inc. (NYSE:HRB) Seasonal Chart

H & R Block, Inc. (NYSE:HRB) Seasonal Chart

Intuitive Surgical, Inc. (NASD:ISRG) Seasonal Chart

Intuitive Surgical, Inc. (NASD:ISRG) Seasonal Chart

iShares India 50 ETF (NASD:INDY) Seasonal Chart

iShares India 50 ETF (NASD:INDY) Seasonal Chart

Global X Silver Miners ETF (NYSE:SIL) Seasonal Chart

Global X Silver Miners ETF (NYSE:SIL) Seasonal Chart

 

 

The Markets

Stocks closed higher on Thursday as the bull-bear battle for market control continues.  The S&P 500 Index added 1.15%, continuing to gyrate within the open gap that was charted on Friday.  The upper limit of the span at 2900 was tested at the highs of the day, but the benchmark faded into the close, emphasizing the significance of this horizontal hurdle.  A catalyst is likely required to surpass this barrier overhead.  On Friday, the Nonfarm Payroll report will provide  a significant datapoint to contend with.  The consensus estimate suggests that 21.5 million payrolls will be lost for the month of April as the economic shutdown took its toll.  On average, payrolls expand by 0.7% in this spring month as employers hire individuals for the summer season.  Clearly, this abnormal time that we find ourselves in will lead to a disconnect from seasonal norms. The year-to-date change of non-farm payrolls became disconnected from the seasonal average trend in March, but April’s report is expected to show the magnitude of the dispersion compared to what is normal.  We’ll break it all down for subscribers in our intraday report that we’ll release mid-day.  Signup now to be included on our distribution.

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Total Nonfarm Seasonal Chart

Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.83.  Once again, this is the lowest put call ratio since the start of March, prior to the waterfall plunge in stocks that followed.

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Money Show Webinar Presentation

On Thursday we participated in the Money Show Webinar series titled “Opportunities and Strategies for What Comes Next.”  Our topic was “Using Seasonality to Invest in an Abnormal Economic Environment.”  We’ve uploaded the slides from this presentation to the Chart Database at the following link: https://charts.equityclock.com/featured/to_money_show_webinar_may_2020 

Login or signup then click on the link above to access PDF file of this presentation.

 

 

Seasonal charts of companies reporting earnings today:

Exelon Corporation Seasonal Chart PPL Corporation Seasonal Chart Broadridge Financial Solutions, Inc. Seasonal Chart Nomura Holdings Inc ADR Seasonal Chart Brookfield Infrastructure Partners LP Seasonal Chart Ventas, Inc. Seasonal Chart Icahn Enterprises L.P. Seasonal Chart DENTSPLY SIRONA Inc. Seasonal Chart Pinnacle West Capital Corporation Seasonal Chart Lear Corporation Seasonal Chart Noble Energy Inc. Seasonal Chart Kimco Realty Corporation Seasonal Chart Spire Inc. Seasonal Chart Axsome Therapeutics, Inc. Seasonal Chart NewJersey Resources Corporation Seasonal Chart Avista Corporation Seasonal Chart Essent Group Ltd. Seasonal Chart HMS Holdings Corp Seasonal Chart Northwest Natural Holding Company Seasonal Chart OUTFRONT Media Inc. Seasonal Chart Sunstone Hotel Investors, Inc. Seasonal Chart Evertec, Inc. Seasonal Chart Sabre Corporation Seasonal Chart Vector Group Ltd. Seasonal Chart Installed Building Products, Inc. Seasonal Chart Hostess Brands, Inc. Seasonal Chart Boise Cascade, L.L.C. Seasonal Chart Domtar Corporation Seasonal Chart PBF Energy Inc. Seasonal Chart SeaWorld Entertainment, Inc. Seasonal Chart Colony Capital, Inc. Seasonal Chart Cardtronics plc Seasonal Chart Bloomin' Brands, Inc. Seasonal Chart Neenah, Inc. Seasonal Chart Arbor Realty Trust Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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