Equity Clock

Stock Market Outlook for December 13, 2021

Inflation is soaring out of control and this is likely to matter to the market as soon as the start of the new year.  We break it down in today’s report.

 

 

*** 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.

Kimberly Clark Corp. (NYSE:KMB) Seasonal Chart

Mullen Group Ltd. (TSE:MTL.TO) Seasonal Chart

Teleflex, Inc. (NYSE:TFX) Seasonal Chart

Vanguard FTSE Canadian Capped REIT Index ETF (TSE:VRE.TO) Seasonal Chart

iShares Core MSCI Emerging Markets ETF (AMEX:IEMG) Seasonal Chart

Invesco DWA Developed Markets Momentum ETF (NASD:PIZ) Seasonal Chart

Vanguard Global ex-U.S. Real Estate ETF (NASD:VNQI) Seasonal Chart

Darden Restaurants, Inc. (NYSE:DRI) Seasonal Chart

Vermilion Energy Inc. (TSE:VET.TO) Seasonal Chart

HollyFrontier Corp. (NYSE:HFC) Seasonal Chart

iShares MSCI Taiwan ETF (NYSE:EWT) Seasonal Chart

Invesco Global Clean Energy ETF (NYSE:PBD) Seasonal Chart

Invesco S&P 500 Equal Weight ETF (NYSE:RSP) Seasonal Chart

 

 

The Markets

Stocks closed higher to end the week as investors digested the latest read of consumer prices in the economy.  The S&P 500 Index gained just less than one percent, pushing above short-term support at its 20-day moving average.  Intermediate support continues to be pegged at the rising 50-day moving average at 4573.  MACD has crossed above its signal line, triggering a renewed buy signal as momentum indicators rebound from the oversold levels achieved during the Omicron selloff.  Intermediate to long-term trends are sloped higher, conducive to remaining constructive in favoured seasonal bets.

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

• Weekly look at the large-cap benchmark
• The jump in the consumer staples and technology sectors on Friday
• Fragmented performance in the technology sector
• US Consumer Price Index (CPI) and what is driving the headline print
• The average performance of the equity market heading into the first rate hike

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

Sentiment on Friday, as gauged by the put-call ratio, ended bearish at 1.08.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

TSE Composite

Sponsored By...