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Stock Market Outlook for July 27, 2021


A shocking report on new home sales in the US pours cold water on the fundamental prospects for the home construction industry.

 

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.

Humana, Inc. (NYSE:HUM) Seasonal Chart

Humana, Inc. (NYSE:HUM) Seasonal Chart

Parkland Fuel Corp. (TSE:PKI.TO) Seasonal Chart

Parkland Fuel Corp. (TSE:PKI.TO) Seasonal Chart

TELUS Corp. (TSE:T.TO) Seasonal Chart

TELUS Corp. (TSE:T.TO) Seasonal Chart

C.H. Robinson Worldwide, Inc. (NASD:CHRW) Seasonal Chart

C.H. Robinson Worldwide, Inc. (NASD:CHRW) Seasonal Chart

ProShares Hedge Replication ETF (NYSE:HDG) Seasonal Chart

ProShares Hedge Replication ETF (NYSE:HDG) Seasonal Chart

Crown Castle Intl Corp. (NYSE:CCI) Seasonal Chart

Crown Castle Intl Corp. (NYSE:CCI) Seasonal Chart

Insight Enterprises, Inc. (NASD:NSIT) Seasonal Chart

Insight Enterprises, Inc. (NASD:NSIT) Seasonal Chart

Carriage Services, Inc. (NYSE:CSV) Seasonal Chart

Carriage Services, Inc. (NYSE:CSV) Seasonal Chart

Pacific Biosciences of California Inc. (NASD:PACB) Seasonal Chart

Pacific Biosciences of California Inc. (NASD:PACB) Seasonal Chart

General Finance Corp. (NASD:GFN) Seasonal Chart

General Finance Corp. (NASD:GFN) Seasonal Chart

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Seasonal Chart

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Seasonal Chart

Morguard North American Residential REIT (TSE:MRG/UN.TO) Seasonal Chart

Morguard North American Residential REIT (TSE:MRG/UN.TO) Seasonal Chart

Invesco Canadian Dividend Index ETF (TSE:PDC.TO) Seasonal Chart

Invesco Canadian Dividend Index ETF (TSE:PDC.TO) Seasonal Chart

Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY.TO) Seasonal Chart

Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY.TO) Seasonal Chart

BMO Ultra Short-Term Bond ETF (TSE:ZST.TO) Seasonal Chart

BMO Ultra Short-Term Bond ETF (TSE:ZST.TO) Seasonal Chart

SPDR S&P Transportation ETF (NYSE:XTN) Seasonal Chart

SPDR S&P Transportation ETF (NYSE:XTN) Seasonal Chart

 

 

The Markets

Stocks rose in the Monday session as investors continue to focus on earnings, which have been coming in better than forecast.  The S&P 500 Index added just less than a quarter of one percent, lifted by stocks in the energy and consumer discretionary sector.  The large-cap benchmark remains supported by its rising 50-day moving average and is pushing past psychological resistance at 4400.  The limits of the rising trend channel are now pegged around 4300 and 4500.  Momentum indicators have rebounded and MACD has triggered a renewed buy signal as investors bid stocks higher into some key reports and ahead of the FOMC announcement midweek.

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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.

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

  • Notable changes in this week’s chart books: find out what has been added to our list of areas to Accumulate
  • The price of copper
  • US New Home Sales and the stocks of the home builders

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

Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.87.

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Seasonal charts of companies reporting earnings today:

Apple Inc. Seasonal Chart Microsoft Corporation Seasonal Chart Alphabet Inc. Seasonal Chart Alphabet Inc. Seasonal Chart Visa Inc. Seasonal Chart United Parcel Service, Inc. Seasonal Chart Starbucks Corporation Seasonal Chart Raytheon Technologies Corporation Seasonal Chart 3M Company Seasonal Chart Advanced Micro Devices, Inc. Seasonal Chart General Electric Company Seasonal Chart Stryker Corporation Seasonal Chart Mondelez International, Inc. Seasonal Chart Sherwin-Williams Company (The) Seasonal Chart Chubb Limited Seasonal Chart Fiserv, Inc. Seasonal Chart Boston Scientific Corporation Seasonal Chart Ecolab Inc. Seasonal Chart Waste Management, Inc. Seasonal Chart IQVIA Holdings, Inc. Seasonal Chart MSCI Inc Seasonal Chart Centene Corporation Seasonal Chart CoStar Group, Inc. Seasonal Chart Corning Incorporated Seasonal Chart Rockwell Automation, Inc. Seasonal Chart Stanley Black & Decker, Inc. Seasonal Chart Archer-Daniels-Midland Company Seasonal Chart Equity Residential Seasonal Chart PACCAR Inc. Seasonal Chart Maxim Integrated Products, Inc. Seasonal Chart Sirius XM Holdings Inc. Seasonal Chart Enphase Energy, Inc. Seasonal Chart Teladoc Health, Inc. Seasonal Chart Extra Space Storage Inc Seasonal Chart DTE Energy Company Seasonal Chart TransUnion Seasonal Chart Teradyne, Inc. Seasonal Chart Monolithic Power Systems, Inc. Seasonal Chart Boston Properties, Inc. Seasonal Chart IDEX Corporation Seasonal Chart Principal Financial Group Inc Seasonal Chart Entegris, Inc. Seasonal Chart Masimo Corporation Seasonal Chart NortonLifeLock Inc. Seasonal Chart PulteGroup, Inc. Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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