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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