Equity Clock

Stock Market Outlook for January 15, 2021

Seasonally, the price of Bitcoin tends to struggle during tax season as holders sell off positions to pay the tax man.

 

 

 

*** 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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Surgalign Holdings, Inc. (NASD:SRGA) Seasonal Chart

Williams Sonoma, Inc. (NYSE:WSM) Seasonal Chart

Amphenol Corp. (NYSE:APH) Seasonal Chart

Marathon Oil (NYSE:MRO) Seasonal Chart

Jack In The Box, Inc. (NASD:JACK) Seasonal Chart

Williams Cos., Inc. (NYSE:WMB) Seasonal Chart

Unilever PLC (NYSE:UL) Seasonal Chart

Carter Holdings Inc. (NYSE:CRI) Seasonal Chart

First Industrial Realty T (NYSE:FR) Seasonal Chart

SCP Pool Corp. (NASD:POOL) Seasonal Chart

Forestar Group Inc. (NYSE:FOR) Seasonal Chart

Imax Corp. (NYSE:IMAX) Seasonal Chart

Cinedigm Digital Cinema Corp. (NASD:CIDM) Seasonal Chart

Weibo Corp. (NASD:WB) Seasonal Chart

TransAlta Renewables Inc. (TSE:RNW.TO) Seasonal Chart

iShares China Large-Cap ETF (NYSE:FXI) Seasonal Chart

Invesco S&P 500 Pure Value ETF (NYSE:RPV) Seasonal Chart

Fiserv, Inc. (NASD:FISV) Seasonal Chart

Silicon Motion Technology Corp. ADS (NASD:SIMO) Seasonal Chart

iShares MSCI EAFE Index ETF (CAD-Hedged) (TSE:XIN.TO) Seasonal Chart

iShares MSCI United Kingdom ETF (NYSE:EWU) Seasonal Chart

Vanguard FTSE Europe ETF (NYSE:VGK) Seasonal Chart

SPDR S&P Retail ETF (NYSE:XRT) Seasonal Chart

 

 

The Markets

Stocks closed slightly lower on Thursday as investors monitored developments pertaining to President Elect Biden’s proposed stimulus package.  The S&P 500 Index shed almost four-tenths of one percent, reversing gains charted earlier in the session.  The move keeps the tight trading range around 3800 that we’ve seen all week intact as investors search for the next catalyst to move stocks.  Friday is likely to provide one.  Major banks are set to kick off the fourth quarter earning season with reports from JP Morgan, Wells Fargo, and Citigroup.  The SPDR Bank ETF (KBE) closed solidly higher ahead of the event.

Today, in our Market Outlook to subscribers, we discuss the following:

• A look at the hourly chart of the S&P 500 and what it is saying
• Looking for bubbles and the one equity market sector that is on the verge of that now
• Bitcoin
• Weekly Jobless Claims
• Natural Gas

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Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.66.

 

 

Sectors and Industries entering their period of seasonal strength:

Travel & Tourism Industry ($DJUSTT) Seasonal Chart

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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