Equity Clock

Stock Market Outlook for August 3, 2020

No commentary for today. Reports resume on Tuesday.

 

 

 

*** 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.

Lowes Companies, Inc. (NYSE:LOW) Seasonal Chart

Las Vegas Sands Corp. (NYSE:LVS) Seasonal Chart

eHealth Inc. (NASD:EHTH) Seasonal Chart

Provident Financial Services Inc. (NYSE:PFS) Seasonal Chart

WNS Holdings Ltd. (NYSE:WNS) Seasonal Chart

Global X China Consumer ETF (NYSE:CHIQ) Seasonal Chart

 

 

The Markets

No commentary for today.  Reports will resume on Tuesday, August 4th.

 

Subscribers can login to the chart database to view the seasonal charts of Friday’s release of Canadian GDP for May here: https://charts.equityclock.com/canada-monthly-gross-domestic-product-gdp-by-industry

 

Still need your fix of Equity Clock for today? Our just released 77-page monthly report for August will keep you busy.

Highlights in this report include:

• Equity market tendencies in the month of August
• Early indicators pointing to a stalling of the economic rebound
• Sentiment indicators at levels typically seen around market peaks
• Presidential election influence on investments
• Perhaps a bigger risk than the election this fall
• Divergence from seasonal norms with regards to respiratory illnesses
• What’s next in the seasonal rotation
• This year’s trade in natural gas
• The technical status of the S&P 500 Index
• Sustainability of the bull market rally
• Shifting risk sentiment in the equity market
• Sector reviews and ratings
• Notable stocks and ETFs entering their period of strength in August

Not subscribed yet?  Subscribe here to receive a copy of this report that outlines how you should position your portfolio for the month(s) ahead: https://charts.equityclock.com/subscribe

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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