Equity Clock

Stock Market Outlook for April 15, 2021

Production of gasoline has now returned to pre-pandemic levels as demand for the refined commodity in the US surges.

 

 

 

*** 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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Autonation, Inc. (NYSE:AN) Seasonal Chart

Dollar Tree, Inc. (NASD:DLTR) Seasonal Chart

TransDigm Group Inc. (NYSE:TDG) Seasonal Chart

Verisk Analytics Inc. (NASD:VRSK) Seasonal Chart

Live Nation Entertainment, Inc. (NYSE:LYV) Seasonal Chart

US Ecology Inc. (NASD:ECOL) Seasonal Chart

Falcon Gold Corp. (TSXV:FG.V) Seasonal Chart

Winnebago Industries Inc. (NYSE:WGO) Seasonal Chart

S.Y. Bancorp, Inc. (NASD:SYBT) Seasonal Chart

Safe Bulkers Inc. (NYSE:SB) Seasonal Chart

UNITIL Corp. (NYSE:UTL) Seasonal Chart

Bridge Bancorp Inc. (NASD:BDGE) Seasonal Chart

Republic Bancorp, Inc. (NASD:RBCAA) Seasonal Chart

Del Taco Restaurants, Inc. (NASD:TACO) Seasonal Chart

Guidewire Software, Inc. (NYSE:GWRE) Seasonal Chart

 

 

The Markets

Stocks closed mixed for a second day as the churn in the market continues at these heights.  The S&P 500 Index shed four-tenths of one percent, reversing the gain seen early in the session amidst strong earnings from some of the bellwethers in the financial sector, such as Goldman Sachs and JP Morgan.  At the height of the session, the large-cap benchmark once again hit the upper limit of its rising trend channel that hovers approximately between 3950 and 4150.  Momentum indicators continue to show early signs of peaking as MACD starts to encroach on its signal line and the relative strength index starts to roll over from overbought territory.  Short-term upside exhaustion is being implied, something that the decline in volume since the middle of March seems to confirm.  The days ahead remain filled with earnings from a number of industry titans, which will put the strength of this market to the test.  This is, once again, a market that is in need of a catalyst to move it substantially higher in the short-term, but there are looming concerns below the surface that threaten to swamp any incremental hints of positivity as the economic recovery matures.

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

• Bank stocks and the end of the period of seasonal strength for the financial industry
• The change in US petroleum inventories and what they have to say about the strength of energy commodities longer-term
• The energy sector
• What the ratio of the High Yield Bond ETF (JNK) versus the Investment Grade Corporate Bond ETF (LQD) has to say about the state of the credit market

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Sentiment on Wednesday, as gauged by the put-call ratio, ended bullish at 0.78.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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