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Stock Market Outlook for December 17, 2021


Relative performance of the Technology sector is rolling over as the ETF that tracks the market segment is denied again around levels of trend-channel resistance.

 

Real Time Economic Calendar provided by Investing.com.

 

 

*** 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.

Ballard Power Systems, Inc. (TSE:BLDP.TO) Seasonal Chart

Ballard Power Systems, Inc. (TSE:BLDP.TO) Seasonal Chart

Treasury Metals Inc. (TSE:TML.TO) Seasonal Chart

Treasury Metals Inc. (TSE:TML.TO) Seasonal Chart

SPDR MSCI ACWI Low Carbon Target ETF (AMEX:LOWC) Seasonal Chart

SPDR MSCI ACWI Low Carbon Target ETF (AMEX:LOWC) Seasonal Chart

Advanced Semiconductor (NYSE:ASX) Seasonal Chart

Advanced Semiconductor (NYSE:ASX) Seasonal Chart

VanEck Vectors Egypt Index ETF (NYSE:EGPT) Seasonal Chart

VanEck Vectors Egypt Index ETF (NYSE:EGPT) Seasonal Chart

iShares MSCI Sweden ETF (NYSE:EWD) Seasonal Chart

iShares MSCI Sweden ETF (NYSE:EWD) Seasonal Chart

iShares MSCI South Korea Capped ETF (NYSE:EWY) Seasonal Chart

iShares MSCI South Korea Capped ETF (NYSE:EWY) Seasonal Chart

ProShares UltraShort 20+ Year Treasury (NYSE:TBT) Seasonal Chart

ProShares UltraShort 20+ Year Treasury (NYSE:TBT) Seasonal Chart

Lundin Mining Corp. (TSE:LUN.TO) Seasonal Chart

Lundin Mining Corp. (TSE:LUN.TO) Seasonal Chart

Paramount Resources Ltd. (TSE:POU.TO) Seasonal Chart

Paramount Resources Ltd. (TSE:POU.TO) Seasonal Chart

Magellan Aerospace Corp. (TSE:MAL.TO) Seasonal Chart

Magellan Aerospace Corp. (TSE:MAL.TO) Seasonal Chart

Imperial Oil Ltd. (AMEX:IMO) Seasonal Chart

Imperial Oil Ltd. (AMEX:IMO) Seasonal Chart

United States 12 Month Oil Fund, LP (NYSE:USL) Seasonal Chart

United States 12 Month Oil Fund, LP (NYSE:USL) Seasonal Chart

TransAlta Renewables Inc. (TSE:RNW.TO) Seasonal Chart

TransAlta Renewables Inc. (TSE:RNW.TO) Seasonal Chart

iShares U.S. Oil Equipment & Services ETF (NYSE:IEZ) Seasonal Chart

iShares U.S. Oil Equipment & Services ETF (NYSE:IEZ) Seasonal Chart

VanEck Vectors Oil Services ETF (NYSE:OIH) Seasonal Chart

VanEck Vectors Oil Services ETF (NYSE:OIH) Seasonal Chart

SPDR Dow Jones International Real Estate ETF (NYSE:RWX) Seasonal Chart

SPDR Dow Jones International Real Estate ETF (NYSE:RWX) Seasonal Chart

 

 

The Markets

Stocks peeled back from their Fed induced bump recorded on Wednesday as end-of-quarter/end-of-year portfolio rebalancing continues.  The S&P 500 Index shed almost nine-tenths of one percent, rejected again from resistance just above 4700.  Short-term support at the 20-day moving average was tested at the lows of the session.  Gap support that was charted on December 7th between 4615 and 4635 remains a significant hurdle and a break below this short-term range would threaten the intermediate-term trend of the benchmark, warranting further caution in equity allocations.

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

  • Deteriorating strength in the technology sector
  • US Industrial Production and the segments of the market to target to take advantage of the fundamental trends
  • Manufacturer sentiment
  • US Housing Starts and how we are exposed to the trends in the housing market

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

Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.87.

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Seasonal charts of companies reporting earnings today:

Darden Restaurants, Inc. Seasonal Chart Winnebago Industries, Inc. Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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