Stock Market Outlook for August 26, 2022
With a consumer under strain, loan growth is surging as this cohort of the economy seeks to plug the hole in their finances.
*** 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.
Knowles Corp. (NYSE:KN) Seasonal Chart
iShares Russell Top 200 Value ETF (NYSE:IWX) Seasonal Chart
Chevron Corp. (NYSE:CVX) Seasonal Chart
China Automotive Systems Inc. (NASD:CAAS) Seasonal Chart
Sterling Construction Co. Inc. (NASD:STRL) Seasonal Chart
Quanex Corp. (NYSE:NX) Seasonal Chart
Genuine Parts Co. (NYSE:GPC) Seasonal Chart
VanEck Vectors Oil Refiners ETF (AMEX:CRAK) Seasonal Chart
iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (TSE:XMH.TO) Seasonal Chart
iShares Transportation Average ETF (NYSE:IYT) Seasonal Chart
Delta Air Lines Inc. (NYSE:DAL) Seasonal Chart
Allison Transmission Holdings, Inc. (NYSE:ALSN) Seasonal Chart
The Markets
Stocks snapped back on Thursday as traders digested comments from a series of Fed speakers, ahead of the big speech by Jerome Powell on Friday. The S&P 500 Index closed higher by 1.41%, moving back above its 20-day moving average that was broken earlier in the week. The downside gap charted during Monday’s session between 4195 and 4218 is being tested as resistance, proving to be a pivotal point ahead of the big Fed event to end the week. The benchmark is recovering from short-term oversold lows seen earlier in the week, but hints of the re-adoption of characteristics of a short-term bearish trend remain. Downside risks are still down to the now rising 50-day moving average at 3990.
Today, in our Market Outlook to subscribers, we discuss the following:
- The rise of consumer loans
- Weekly Jobless Claims
- Natural gas inventories and our seasonal trade in the commodity
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for August 26
Not signed up yet? Subscribe now to receive full access to all of the research and analysis that we publish.
Sentiment on Thursday, as gauged by the put-call ratio, ended slightly bullish at 0.90.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
| Sponsored By... |
|
