Equity Clock

Stock Market Outlook for August 18, 2020

Bollinger band width on the S&P 500 Index the lowest since the middle of February.

 

 

 

*** 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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Bristol Myers Squibb Co. (NYSE:BMY) Seasonal Chart

Illinois Tool Works, Inc. (NYSE:ITW) Seasonal Chart

Hain Celestial Group, Inc. (NASD:HAIN) Seasonal Chart

HudBay Minerals Inc. (TSE:HBM.TO) Seasonal Chart

IntercontinentalExchange Group, Inc. (NYSE:ICE) Seasonal Chart

Aecom Technology Corp. (NYSE:ACM) Seasonal Chart

Minerals Technologies Inc. (NYSE:MTX) Seasonal Chart

Entercom Communications Corp. (NYSE:ETM) Seasonal Chart

Taro Pharmaceutical Industries Ltd. (NYSE:TARO) Seasonal Chart

Unisys Corp. (NYSE:UIS) Seasonal Chart

Designer Brands Inc. (NYSE:DBI) Seasonal Chart

BMO MSCI All Country World High Quality Index ETF (TSE:ZGQ.TO) Seasonal Chart

 

 

The Markets

Stocks continued to grind higher on Monday, punching out a mildly positive return, as the dog days of summer remain conducive for a mellow trend.  The S&P 500 Index gained just over a quarter of one percent, making another attempt at surpassing the all-time closing high charted in February.  Technology and consumer discretionary stocks topped the leaderboard, while energy, financial, and industrial stocks closed in the red.

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Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.76.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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