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Stock Market Outlook for September 23, 2021


The energy sector is holding firm, despite the recent weakness in the broader market, and there are two industries within the sector that present viable plays in our seasonal strategy.

 

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.

Emerson Electric Co. (NYSE:EMR) Seasonal Chart

Emerson Electric Co. (NYSE:EMR) Seasonal Chart

Ameriprise Financial Inc. (NYSE:AMP) Seasonal Chart

Ameriprise Financial Inc. (NYSE:AMP) Seasonal Chart

Forward Air Corp. (NASD:FWRD) Seasonal Chart

Forward Air Corp. (NASD:FWRD) Seasonal Chart

Aegon NV (NYSE:AEG) Seasonal Chart

Aegon NV (NYSE:AEG) Seasonal Chart

 

 

The Markets

Stocks closed higher on Wednesday, clawing back some of the loses recorded through the first two sessions of the week.  The S&P 500 Index gained just less than one percent, testing levels around the recently broken 50-day moving average.  Support remains intact at the rising 100-day moving average.  Momentum indicators continue to be sloped negative, however, hints that they are trying to bottom can be seen.  Both RSI and MACD relinquished characteristics of a bullish trend with their moves below their middle lines in the past week.

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

  • Hourly look at the large-cap benchmark: Are we out of this short-term period of trouble for the market?
  • Weekly petroleum inventories, our view of the price of oil, and how to play the energy sector through the end of the year
  • US Existing Home Sales and what recent data has had to say about the strength of the consumer

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

Sentiment on Wednesday, as gauged by the put-call ratio, ended close to neutral at 0.98.

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Seasonal charts of companies reporting earnings today:

Nike, Inc. Seasonal Chart Accenture plc Seasonal Chart Costco Wholesale Corporation Seasonal Chart Darden Restaurants, Inc. Seasonal Chart Trip.com Group Limited Seasonal Chart Vail Resorts, Inc. Seasonal Chart Progress Software Corporation Seasonal Chart Scholastic Corporation Seasonal Chart AAR Corp. Seasonal Chart Rite Aid Corporation Seasonal Chart CalAmp Corp. Seasonal Chart Aehr Test Systems Seasonal Chart Applied Genetic Technologies Corporation Seasonal Chart Research Solutions, Inc Seasonal Chart Dynatronics Corporation Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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