Equity Clock

Stock Market Outlook for May 5, 2021

The technology sector may be down, but don’t count it out.

 

 

*** 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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Fifth Third Bancorp (NASD:FITB) Seasonal Chart

Sun Life Financial (NYSE:SLF) Seasonal Chart

Kopin Corp. (NASD:KOPN) Seasonal Chart

U.S. Physical Therapy, Inc. (NYSE:USPH) Seasonal Chart

One Liberty Properties, Inc. (NYSE:OLP) Seasonal Chart

CorVel Corp. (NASD:CRVL) Seasonal Chart

Twin Disc, Inc. (NASD:TWIN) Seasonal Chart

Monarch Gold Corporation (TSE:MQR.TO) Seasonal Chart

Materialise NV (NASD:MTLS) Seasonal Chart

 

 

The Markets

Stocks closed mixed again on Tuesday as investors jockey for position ahead of the off-season for stocks through the months ahead.  The S&P 500 Index slipped by two-thirds of one percent, closing around its rising 20-day moving average.  Reaction to the upper limit of the rising intermediate trend-channel that spans between 4025 and 4250 remains obvious.  Momentum indicators continue to point lower following sell signals that were triggered in the past couple of weeks.

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

• Why you don’t want to abandon the technology sector entirely at this time of year and where we expect buying demand to return, plus the industry groups to pursue when it does
• US Factory Orders; what is driving the activity and the areas of the market it suggests portfolio exposure is warranted
• Vehicle sales in the US and what they have to say about investing in the stocks of auto companies

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Sentiment on Tuesday, as gauged by the put-call ratio, ended mildly bullish at 0.86.

 

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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