Equity Clock

Stock Market Outlook for October 8, 2021

So far, the market is acting according to plans, but we can always pivot, as we are today with Natural Gas.

 

 

 

*** 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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Loews Corp. (NYSE:L) Seasonal Chart

Synopsys, Inc. (NASD:SNPS) Seasonal Chart

Trimble Inc. (NASD:TRMB) Seasonal Chart

Icici Bank Ltd. (NYSE:IBN) Seasonal Chart

Ternium SA (NYSE:TX) Seasonal Chart

Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged) (TSE:VGH.TO) Seasonal Chart

Bank of New York Mellon Corp (NYSE:BK) Seasonal Chart

CIENA Corp. (NYSE:CIEN) Seasonal Chart

Parker Hannifin Corp. (NYSE:PH) Seasonal Chart

Visteon Corp. (NASD:VC) Seasonal Chart

Questerre Energy Corp. (TSE:QEC.TO) Seasonal Chart

Caleres, Inc. (NYSE:CAL) Seasonal Chart

Hyatt Hotels Corp. (NYSE:H) Seasonal Chart

Hollysys Automation Technologies, Ltd. (NASD:HOLI) Seasonal Chart

Invesco Dynamic Market ETF (NYSE:PWC) Seasonal Chart

ProShares Ultra Financials (NYSE:UYG) Seasonal Chart

 

 

The Markets

Stocks gained on Thursday as investors reacted positively to news that a deal to extend the debt limit to December had been achieved.  The S&P 500 Index gained just over eight-tenths of one percent, closing at short-term resistance at the 20-day moving average.  Resistance around the 50-day moving average at 4438 was tested at the highs of the session.  Momentum indicators have started to curl higher in what could amount to an imminent buy signal according to MACD.  So far, the market is reacting according to plans and we are befitting in our portfolio that has been fully allocated to stocks as of the end of September, but we do have to realize that there could be choppy waters though the month of October.  We have taken advantage of the opportunities that were presented to us as of the end of September (and we hope you did too), but we are always prepared to react should things change, as is the case with the fundamental backdrop for Natural Gas.  More on that later in our report to subscribers.

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

• Small Cap stocks
• The Dow Jones Industrial Average and the optimal holding period for the blue-chip benchmark
• The gap higher in Chinese equities and the enticing long-term setup on the emerging market ETF
• Weekly jobless claims and a preview of what to expect for September’s payroll report
• Natural gas inventories and our view of the commodity

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Sentiment on Thursday, as gauged by the put-call ratio, ended close to neutral at 0.96.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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