Stock Market Outlook for October 13, 2021
While the broad market is showing short-term struggle, the segments of the market that we have been favoring are still going up.
*** 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.
T. Rowe Price Associates, Inc. (NASD:TROW) Seasonal Chart
Snap On Inc. Holding Co. (NYSE:SNA) Seasonal Chart
SNC-Lavalin Group, Inc. (TSE:SNC.TO) Seasonal Chart
UEX Corp. (TSE:UEX.TO) Seasonal Chart
Nordson Corp. (NASD:NDSN) Seasonal Chart
Sally Beauty Holdings Inc. (NYSE:SBH) Seasonal Chart
Hawaiian Holdings, Inc. (NASD:HA) Seasonal Chart
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) Seasonal Chart
James Hardie Industries NV (NYSE:JHX) Seasonal Chart
Domtar, Inc. (TSE:UFS.TO) Seasonal Chart
iShares Dow Jones U.S. ETF (NYSE:IYY) Seasonal Chart
SPDR S&P Capital Markets ETF (NYSE:KCE) Seasonal Chart
ProShares UltraPro MidCap400 (NYSE:UMDD) Seasonal Chart
Vanguard Financials ETF (NYSE:VFH) Seasonal Chart
Financial Select Sector SPDR Fund (NYSE:XLF) Seasonal Chart
The Markets
Stocks closed mildly lower on the eve of the start of third quarter earnings season on Wednesday. The S&P 500 Index shed just less than a quarter of one percent, ending below short-term resistance at the 20-day moving average by the closing bell. The short-term trend continues to be characterized by lower-highs and lower-lows. Resistance at the 50-day moving average remains threatening as the intermediate hurdle starts to flatline for the first time since November of last year. Momentum indicators for the large-cap benchmark remain below their middle lines, characteristic of a bearish trend.
Today, in our Market Outlook to subscribers, we discuss the following:
- Broad market showing short-term struggle, but these segments of the market are still rising
- Notable upgrades and downgrades in this week’s chart books: Find out what opportunities the charts have presented this week
- Job Openings and Labor Turnover Survey (JOLTS) and what the results have to say about the state of the labor market and how to invest
Subscribe now and we’ll send this outlook to you.
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.
Subscribe now.
Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.81.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
| Sponsored By... |
|
