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Stock Market Outlook for March 30, 2021


We have the list of stocks that have gained in 100% of Aprils over their trading history.

 

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.

Keyera Corp (TSE:KEY.TO) Seasonal Chart

Keyera Corp (TSE:KEY.TO) Seasonal Chart

AutoCanada Inc. (TSE:ACQ.TO) Seasonal Chart

AutoCanada Inc. (TSE:ACQ.TO) Seasonal Chart

CES Energy Solutions Corp. (TSE:CEU.TO) Seasonal Chart

CES Energy Solutions Corp. (TSE:CEU.TO) Seasonal Chart

Freehold Royalties Ltd. (TSE:FRU.TO) Seasonal Chart

Freehold Royalties Ltd. (TSE:FRU.TO) Seasonal Chart

Obsidian Energy Ltd. (TSE:OBE.TO) Seasonal Chart

Obsidian Energy Ltd. (TSE:OBE.TO) Seasonal Chart

Quanex Corp. (NYSE:NX) Seasonal Chart

Quanex Corp. (NYSE:NX) Seasonal Chart

Stoneridge, Inc. (NYSE:SRI) Seasonal Chart

Stoneridge, Inc. (NYSE:SRI) Seasonal Chart

IDT Corp. (NYSE:IDT) Seasonal Chart

IDT Corp. (NYSE:IDT) Seasonal Chart

Cenovus Energy Inc. (NYSE:CVE) Seasonal Chart

Cenovus Energy Inc. (NYSE:CVE) Seasonal Chart

Vermilion Energy Inc. (NYSE:VET) Seasonal Chart

Vermilion Energy Inc. (NYSE:VET) Seasonal Chart

City Office REIT, Inc. (NYSE:CIO) Seasonal Chart

City Office REIT, Inc. (NYSE:CIO) Seasonal Chart

United States Gasoline Fund, LP (NYSE:UGA) Seasonal Chart

United States Gasoline Fund, LP (NYSE:UGA) Seasonal Chart

Arlington Asset Investment Corp. (NYSE:AAIC) Seasonal Chart

Arlington Asset Investment Corp. (NYSE:AAIC) Seasonal Chart

 

 

The Markets

Stocks closed mixed to start the new trading week as portfolio managers conduct their final trades before the quarter comes to a close.  The S&P 500 Index shed almost one-tenth of one percent, shaking off much of the early session jitters pertaining to the collapsing of a hedge fund that forced mass liquidation in names like Viacom and Baidu at the end of last week.  Support for the large-cap benchmark was tested at the rising 50-day moving average in the past week, keeping the rising intermediate-term trend alive.  MACD has swung around and triggered a new buy signal, breaking the trend of lower-lows and lower-highs with respect to the crossovers with the signal line in recent months.  While chatter pertaining to the psychological hurdle at 4,000 has been rather limited thus far, once the market market takes notice and the headlines dwell on the round milestone, stocks are likely to feel the magnetic effects that hurdles like this present.  The Fear Of Missing Out (FOMO) has a good probability of leading to another push higher in the market until the hurdle is achieved, likely around the start of the new quarter.  While we had hoped for more of a downdraft in the market through the back half of March amidst quarter-end rebalancing, the fact that our desired holdings hit our buy targets last week will have to suffice.  The month ahead is typically a strong period for equity markets and, barring some black-swan event, there is little to suggest this time should be any different.

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Want to know which areas of the market to buy or sell?  Our Weekly Chart Books have just been updated, providing a clear Accumulate, Avoid, or Neutral rating for currencies, cryptocurrencies, commodities, broad markets, and subsectors/industries of the market.  Subscribers can login and click on the relevant links to access.

Subscribe now.

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

  • Notable changes to ratings in this week’s chart books
  • Consumer Staples sector and should you chase the strength into the start of April
  • Silver
  • Stocks that have gained in every April over their history of trading

Subscribe now and we’ll send this outlook to you.

With the new month days away and as we busily prepare our monthly outlook for April, we thought we would release our screen of all of the stocks that have gained in every April over their trading history, similar to what we have been providing over the past couple of months.  While we at Equity Clock focus on a three-pronged approach (seasonal, technical, and fundamental analysis) to gain exposure to areas of the market that typically perform well over intermediate (2 to 6 months) timeframes, we know that stocks that have a 100% frequency of success for a particular month is generally of interest to those pursuing a seasonal investment strategy.  Below are the results for April:

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*Note: None of the results highlighted above have the 20 years of data that we like to see in order to accurately gauge the annual recurring, seasonal influences impacting an investment, therefore the reliability of the results should be questioned.  We present the above list as an example of how our downloadable spreadsheet can be filtered.

In January, we announced that we had added the monthly average returns and monthly frequency of gains for each investment to our downloadable spreadsheet that is available to yearly subscribers (if you are a monthly subscriber and have been with us for over a year, feel free to reach out to us to request a copy).  The inclusion of this data allows for more detailed data mining all from the convenience of a filterable spreadsheet.  The possibilities are endless.  Filter the results down to all the stocks in the market with at least 20 years of data that have gained in at least 80% of Aprils, find all of the stocks that show an optimal holding period that begins in May with strong average returns in June and July, or drill down to all of the stocks that correlate strongly with the period of seasonal strength for the sector in which it is categorized.  We continue to look for opportunities to include the results of some filters that our audience may find of interest in our regular reports.  Annual subscribers can login and download this spreadsheet in the “Download” section of the chart database at https://charts.equityclock.com/

Not subscribed yet?  Visit the following link and signup to the yearly subscription option and you can download the spreadsheet too: https://charts.equityclock.com/subscribe

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Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.85.

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Seasonal charts of companies reporting earnings today:

lululemon athletica inc. Seasonal Chart McCormick & Company, Incorporated Seasonal Chart FactSet Research Systems Inc. Seasonal Chart PVH Corp. Seasonal Chart BlackBerry Limited Seasonal Chart Atea Pharmaceuticals, Inc. Seasonal Chart Granite Construction Incorporated Seasonal Chart XL Fleet Corp. Seasonal Chart AngioDynamics, Inc. Seasonal Chart QIWI plc Seasonal Chart MedAvail Holdings, Inc. Seasonal Chart Kandi Technologies Group, Inc. Seasonal Chart CorMedix Inc. Seasonal Chart Orbital Energy Group, Inc. Seasonal Chart EDAP TMS S.A. Seasonal Chart IZEA Worldwide, Inc. Seasonal Chart Protalix BioTherapeutics, Inc. Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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