Equity Clock

Stock Market Outlook for August 14, 2020

Price of natural gas consolidating after breakout from a bottoming pattern.

 

 

 

*** 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:

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Garmin Ltd. (NASD:GRMN) Seasonal Chart

ManTech Intl Corp. (NASD:MANT) Seasonal Chart

Stewart Information Services Corp. (NYSE:STC) Seasonal Chart

Universal Technical Institute, Inc. (NYSE:UTI) Seasonal Chart

Enterprise Financial Services Corp. (NASD:EFSC) Seasonal Chart

Nokia Corp. (NYSE:NOK) Seasonal Chart

Aphria, Inc. (TSE:APHA.TO) Seasonal Chart

Kennametal, Inc. (NYSE:KMT) Seasonal Chart

United Bankshares, Inc. (NASD:UBSI) Seasonal Chart

First Financial Bancorp. (NASD:FFBC) Seasonal Chart

Farmer Brothers Co. (NASD:FARM) Seasonal Chart

Investor Bancorp Inc. (NASD:ISBC) Seasonal Chart

Capital Sr Living Corp. (NYSE:CSU) Seasonal Chart

Heico Corp. (NYSE:HEI) Seasonal Chart

LSI Industries, Inc. (NASD:LYTS) Seasonal Chart

Superior Group of Companies, Inc. (NASD:SGC) Seasonal Chart

Hancock Whitney Corp. (NASD:HWC) Seasonal Chart

 

 

The Markets

Stocks drifted slightly lower on Thursday as markets took a breather with the S&P 500 Index just below the all-time high charted in February.  The S&P 500 Index shed two-tenths of one percent, holding above its 5-day moving average.  Energy and REITs were the laggards on the day, posting declines in excess of one percent, while communication services and technology were the lone gainers.  For the most part, sector performance was rather flat and lacklustre, leaving this analyst with little to highlight.  The volatility index was essentially unchanged around the recovery lows just above 20, marking the open gap that was charted at the start of the panic decline in February.  Seasonally, volatility tends to rise through the month of August and into September as a lack of favourable fundamental catalysts and lower trading volumes tends to make investors jittery.  Clearly, we are not seeing this seasonal pattern, yet.

Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.68.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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