Equity Clock

Stock Market Outlook for April 14, 2021

The bond market is on the rebound as the rising cases of coronavirus globally keeps investors on edge.

 

 

 

*** 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.

Clearwater Seafoods Inc. (TSE:CLR.TO) Seasonal Chart

Franco-Nevada Corp. (NYSE:FNV) Seasonal Chart

Credit Acceptance Corp. (NASD:CACC) Seasonal Chart

Alimentation Couche-Tard, Inc. (TSE:ATD/A.TO) Seasonal Chart

BB&T Corp. (NYSE:TFC) Seasonal Chart

Innovator IBD 50 Fund (AMEX:FFTY) Seasonal Chart

 

 

The Markets

Stocks closed mixed on Tuesday as defensive areas of the market received another boost amidst concern pertaining to the vaccination effort against the coronavirus given the halt of the distribution of the Johnson & Johnson vaccine.  The S&P 500 Index closed higher by a third of one percent, led by technology and utilities, encompassing the high growth/defensive bets that tend to hold up well during periods of risk aversion.  At the highs of the session, the benchmark reached the upper limit of the rising intermediate trading range that we have been highlighting in recent weeks/months.  Volume continues to fade, suggesting that investor interest to participate in this market is waning.  Momentum indicators are also showing signs of peaking with the MACD histogram rolling over.  Trend channel support can be seen just beyond 3950, while proven support at the 50-day moving average (3929.48) is now 5.4% below Tuesday’s close.

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

• The breakout to new highs in the Technology and Health Care sectors
• Consumer Prices in the US and what they say about the areas where consumer demand is strong
• Gold and Silver
• The rebound in the bond market

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Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.69.

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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