Stock Market Outlook for April 4, 2023
If the market is so bullish (risk-on), then why are short-term treasury bond prices still around 52-week highs?
*** 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.
Funko, Inc. (NASD:FNKO) Seasonal Chart
iShares MSCI USA Small-Cap Min Vol Factor ETF (AMEX:SMMV) Seasonal Chart
TransUnion.com (NYSE:TRU) Seasonal Chart
PureFunds ISE Cyber Security ETF (AMEX:HACK) Seasonal Chart
Integer Holdings Corp. (NYSE:ITGR) Seasonal Chart
Navient Corp. (NASD:NAVI) Seasonal Chart
Tile Shop Holdings, Inc. (NASD:TTSH) Seasonal Chart
AerCap Holdings NV (NYSE:AER) Seasonal Chart
The Markets
Stocks gained in the first session of the new month and quarter as investors raced back into energy stocks following a shock cut in oil production from OPEC+. The S&P 500 Index closed higher by just less than four-tenths of one percent, continuing to make further progress above the confluence of major moving averages between 3900 and 4000. The benchmark presently finds itself within a range of resistance between 4100 to 4200, a span that has capped the upside trajectory of the benchmark through much of the past ten months. Momentum indicators continue to point higher and MACD remains on a buy signal that was triggered on March 21st. As we progress through the month of April, representing the last month in the best six month seasonal trend for stocks, our focus is on those groups rated as Accumulate candidates within our weekly chart books as we seek to continue to be exposed to those areas of the market that are exhibiting strength while setting ourselves up for what could be a highly uncertain off-season for the equity market that begins in May.
Want to know which areas of the market to buy or sell? Our Weekly Chart Books have just been updated, providing a clear Accumulate, Avoid, or Neutral rating for currencies, cryptocurrencies, commodities, broad markets, and subsectors/industries of the market. Subscribers can login and click on the relevant links to access.
- Currencies
- Cryptocurrencies
- Commodities
- Major Benchmarks
- Sub-sectors / Industries
- ETFs: Bonds | Commodities | Equity Markets | Industries | Sectors
Subscribe now.
Today, in our Market Outlook to subscribers, we discuss the following:
- Our weekly chart books update, along with our list of all of the segments to Accumulate and Avoid in this market
- The alleviation of the threatening technical view of the energy sector and oil
- Still threatening look of Financials
- Strength of short-term treasury bond prices
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for April 4
Not signed up yet? Subscribe now to receive full access to all of the research and analysis that we publish.
Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.91
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
| Sponsored By... |
|
