Equity Clock

Stock Market Outlook for September 14, 2021

Intermediate trend of the S&P 500 Index stays alive with the positive test of rising trendline support.

 

 

 

*** 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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Stewart Information Services Corp. (NYSE:STC) Seasonal Chart

Ameresco Inc. (NYSE:AMRC) Seasonal Chart

Molson Coors Canada Inc. (TSE:TPX/B.TO) Seasonal Chart

 

 

The Markets

Stocks drifted slightly higher on Monday as some of this quarter’s laggards caught a bid as part on the ongoing quarter-end mean reversion that has investors rebalancing their books.  The S&P 500 Index added just less than a quarter of one percent after testing the lower limit of its 200-point rising trading range at the low of the session.  The benchmark continues to hover below previous short-term support at the 20-day moving average that was broken on Friday, effectively pinning price between short-term resistance and intermediate support at the 50-day.  It is at this level of support below that the bulls need to defend or else the intermediate-term rising trend will be threatened.

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.

• Currencies
• Cryptocurrencies
• Commodities
• Major Benchmarks
• Sub-sectors / Industries

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

• Notable upgrades and downgrades in this week’s chart books: Find out what has been upgraded to Accumulate this week
• Industries rolling over from resistance at their May highs and the waning number of breakouts in this market
• The Dow Jones Industrial Average

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Sentiment on Monday, as gauged by the put-call ratio, ended slightly bullish at 0.91.

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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