Stock Market Outlook for October 25, 2021
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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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Dillards Inc (NYSE:DDS) Seasonal Chart
Fiserv, Inc. (NASD:FISV) Seasonal Chart
PacWest Bancorp (NASD:PACW) Seasonal Chart
Magellan Health Services, Inc. (NASD:MGLN) Seasonal Chart
LendingTree, Inc. (NASD:TREE) Seasonal Chart
Morningstar Inc. (NASD:MORN) Seasonal Chart
ON Semiconductor Corp. (NASD:ON) Seasonal Chart
Mosaic Co. (NYSE:MOS) Seasonal Chart
Direxion NASDAQ-100 Equal Weighted Index Shares (AMEX:QQQE) Seasonal Chart
Comcast Corp. (NASD:CMCSA) Seasonal Chart
Comerica, Inc. (NYSE:CMA) Seasonal Chart
Hormel Foods Corp. (NYSE:HRL) Seasonal Chart
Kaiser Aluminum Corp. (NASD:KALU) Seasonal Chart
21st Century Fox Inc. (NASD:FOXA) Seasonal Chart
Cree, Inc. (NASD:CREE) Seasonal Chart
ProAssurance Corp. (NYSE:PRA) Seasonal Chart
Viad Corp. (NYSE:VVI) Seasonal Chart
Radware Ltd. (NASD:RDWR) Seasonal Chart
TIM S.A (NYSE:TIMB) Seasonal Chart
iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) Seasonal Chart
SPDR S&P 500 Value ETF (NYSE:SPYV) Seasonal Chart
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The Markets
Stocks closed mixed on Friday following disappointing earnings from Snap (SNAP) and Intel (INTC) that had investors pull back exposure to the technology and communication services sectors. The S&P 500 Index closed down by a mere tenth of one percent, remaining within arm’s reach of the record high that was charted in the session prior. Resistance around the former market peak charted around the start of September at 4545 is being hinted as upside momentum shows early signs of waning. Support at the 20 and 50-day moving averages can now be seen at 4412 and 4445, respectively. A pause/digestion into the end of the month has been anticipated before the next shot at an upside momentum burst is realized into the month of November.
Today, in our Market Outlook to subscribers, we discuss the following:
- Weekly look at the large-cap benchmark
- New all-time highs for the S&P 500 Equally Weighted Index and the optimal holding period for the benchmark
- Tracking the spread of COVID against the seasonal norm for respiratory illnesses
- Canada Retail Sales and the upcoming trade in retail stocks
- Clean energy stocks
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Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.85.
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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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