Stock Market Outlook for October 14, 2021
Metal prices are on the move.
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*** 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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Bristol Myers Squibb Co. (NYSE:BMY) Seasonal Chart
Wesco Intl, Inc. (NYSE:WCC) Seasonal Chart
G. Willi-Food International Ltd. (NASD:WILC) Seasonal Chart
BSQUARE Corp. (NASD:BSQR) Seasonal Chart
Howmet Aerospace Inc. (NYSE:HWM) Seasonal Chart
iShares MSCI USA Equal Weighted ETF (NYSE:EUSA) Seasonal Chart
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The Markets
Stocks gyrated around the flat-line on Wednesday as investors digested earnings from financial juggernaut JP Morgan and reviewed the latest read on consumer prices in the US. The S&P 500 Index closed with a gain of three-tenths of one percent, remaining pinned to levels around the 20-day moving average. The 50-day moving average, now at 4435, remains in a position of significant resistance.
Today, in our Market Outlook to subscribers, we discuss the following:
- Hourly look at the large-cap benchmark
- The multi-year shift that is seemingly playing out in the market
- US Consumer Price Index (CPI) and what is driving activity
- Copper
- The breakout of gold miners
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Sentiment on Wednesday, as gauged by the put-call ratio, ended bullish at 0.89.
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Seasonal charts of companies reporting earnings today:
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S&P 500 Index
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TSE Composite
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