Equity Clock

Stock Market Outlook for October 6, 2021

Treasury bond ETFs closing below their 200-day moving averages as investors turn back towards risk with stocks.

 

 

 

*** 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.

Deutsche X-trackers MSCI Germany Hedged Equity ETF (AMEX:DBGR) Seasonal Chart

Perkinelmer, Inc. (NYSE:PKI) Seasonal Chart

PHX Energy Services Corp. (TSE:PHX.TO) Seasonal Chart

Eagle Bancorp, Inc. (NASD:EGBN) Seasonal Chart

Hudson Pacific Properties Inc. (NYSE:HPP) Seasonal Chart

AudioCodes Ltd. (NASD:AUDC) Seasonal Chart

Whitestone REIT (NYSE:WSR) Seasonal Chart

Spirit Airlines, Inc. (NYSE:SAVE) Seasonal Chart

Headwater Exploration Inc. (TSE:HWX.TO) Seasonal Chart

VanEck Vectors Agribusiness ETF (NYSE:MOO) Seasonal Chart

 

 

The Markets

Stocks snapped back from Monday’s losses in typical turnaround Tuesday fashion.  The S&P 500 Index gained 1.05%, moving back to its 100-day moving average that the benchmark has been gyrating around for the past few sessions.  The benchmark is showing signs of concluding a short-term ABC corrective pattern as momentum indicators start to show signs of bottoming.  Resistance can still be pegged around 20 and 50-day moving averages overhead, as well as the lower-limit of the rising 200-point trend channel that was broken in the back half of September.

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

• The pending buy signal for stocks according to our 12-21 strategy
• Market far off from excessive complacency
• The breakdown of treasury bond prices
• US Vehicle Sales and what the trends are saying
• Automobile industry stocks
• Retail industry stocks

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

Subscribed, but not receiving our subscriber exclusive content to your inbox? Please check your bulk/spam folder to assure that our distributions have not been inadvertently diverted.  Still not receiving our stuff? Reach out to us via our Help form and we’ll be happy to assist you.  Often, the easiest fix to circumvent punitive spam filters is to just use an alternate email address with another provider.  Email addresses can be changed in the Members Section at https://charts.equityclock.com/members

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

 

 

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

Sponsored By...