Equity Clock

Stock Market Outlook for March 26, 2021

Our buy points for the investments on our shopping list have been reached as the window starts to close to the quarter-end rebalance period.

 

 

 

*** 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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Intertape Polymer Group, Inc. (TSE:ITP.TO) Seasonal Chart

Finning Intl, Inc. (TSE:FTT.TO) Seasonal Chart

Linamar Corp. (TSE:LNR.TO) Seasonal Chart

CarParts.com (NASD:PRTS) Seasonal Chart

Revival Gold, Inc. (TSXV:RVG.V) Seasonal Chart

Algoma Central Corp. (TSE:ALC.TO) Seasonal Chart

Astro-Med, Inc. (NASD:ALOT) Seasonal Chart

AbbVie Inc. (NYSE:ABBV) Seasonal Chart

National Research Corp. (NASD:NRC) Seasonal Chart

Primo Water Corporation (TSE:PRMW.TO) Seasonal Chart

Principal Real Estate Income Fund (NYSE:PGZ) Seasonal Chart

Pason Systems, Inc. (TSE:PSI.TO) Seasonal Chart

Logitech Intl S.A. (NASD:LOGI) Seasonal Chart

American Intl Group, Inc. (NYSE:AIG) Seasonal Chart

Enerplus Corp. (TSE:ERF.TO) Seasonal Chart

CoreCivic, Inc. (NYSE:CXW) Seasonal Chart

Wabtec (NYSE:WAB) Seasonal Chart

Worthington Industries, Inc. (NYSE:WOR) Seasonal Chart

Enbridge, Inc. (NYSE:ENB) Seasonal Chart

Invesco Dynamic Oil & Gas Services ETF (NYSE:PXJ) Seasonal Chart

SPDR Portfolio S&P 600 Small Cap ETF (AMEX:SPSM) Seasonal Chart

 

 

The Markets

Stocks closed higher on Thursday as the ebb and flow between growth and value stocks continues.  The S&P 500 Index closed with a gain of just over half of one percent after finding support at the 50-day moving average at the low of the session.  A MACD sell signal was triggered in the Wednesday session as the churn in the market takes some heat out of the intermediate-term trend.  Momentum indicators continue to negatively diverge from price, an indication of waning buying demand.

Today, in our Market Outlook to subscribers, we discuss the following:

• Hourly look at the large-cap index and the limits of the short-term trend
• Our buy targets for the investments on our shopping list
• Weekly jobless claims and what the trends are saying
• The change in natural gas inventories and the prospect for the seasonal trade in the commodity

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Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.88.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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