Equity Clock

Stock Market Outlook for March 29, 2021

After years of underperformance, waste companies are no longer garbage.

 

 

 

*** 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.

Enerplus Corp. (NYSE:ERF) Seasonal Chart

Boise Cascade Co. (NYSE:BCC) Seasonal Chart

Invesco DWA Healthcare Momentum ETF (NASD:PTH) Seasonal Chart

Zions Bancorp (NASD:ZION) Seasonal Chart

Scientific Games Corp. (NASD:SGMS) Seasonal Chart

DCP Midstream, LP (NYSE:DCP) Seasonal Chart

WNS Holdings Ltd. (NYSE:WNS) Seasonal Chart

 

 

The Markets

Stocks closed firmly higher on Friday following a confluence of positive headlines that had investors buying back into favoured bets that had sold off in recent sessions.  The S&P 500 Index added 1.66%, charting a fresh record high.  The benchmark continues to maintain support at the rising 50-day moving average, despite downside risks that were proposed relating to end of quarter rebalancing.  As highlighted in our last report, the downside targets to our desired holdings were hit in the Thursday session, providing the opportunity that we sought to load up on risk prior to the month of April.  Just three more sessions remain before the quarter comes to a close.

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

• Weekly look at the large-cap benchmark and the limits of the trend
• The trend of margin debt and credit balances and what they have to say about how investors are positioned
• Shipping activity and the trend for transportation stocks
• The breakout in the Waste and Disposal Services industry

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

Sentiment on Friday, as gauged by the put-call ratio, ended slightly bullish at 0.89.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

Sponsored By...