Equity Clock

Stock Market Outlook for January 29, 2021

Take the sting out of market volatility by gaining exposure to the US Dollar.

 

 

 

*** 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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Electronic Arts, Inc. (NASD:EA) Seasonal Chart

Cimarex Energy Co. (NYSE:XEC) Seasonal Chart

Diebold Nixdorf, Inc. (NYSE:DBD) Seasonal Chart

j2 Global Communications Inc. (NASD:JCOM) Seasonal Chart

DiaMedica Therapeutics Inc. (NASD:DMAC) Seasonal Chart

SPDR S&P Emerging Asia Pacific ETF (NYSE:GMF) Seasonal Chart

Renaissance IPO ETF (AMEX:IPO) Seasonal Chart

Tyson Foods Inc Cl A (NYSE:TSN) Seasonal Chart

Carlisle Cos, Inc. (NYSE:CSL) Seasonal Chart

Chart Industries Inc. (NASD:GTLS) Seasonal Chart

TETRA Technologies (NYSE:TTI) Seasonal Chart

VMware Inc. (NYSE:VMW) Seasonal Chart

Autohome Inc. (NYSE:ATHM) Seasonal Chart

iShares MSCI China Small-Cap ETF (NYSE:ECNS) Seasonal Chart

Columbia Emerging Markets Consumer ETF (NYSE:ECON) Seasonal Chart

iShares Edge MSCI Minimum Volatility Emerging Markets ETF (AMEX:EEMV) Seasonal Chart

 

 

The Markets

Stocks rebounded on Thursday as the market found some stability following restrictions that were placed on many of the speculative short-squeeze names that traded so wildly in the past few days.  The S&P 500 Index added just less than one percent, closing just shy of previous support at the rising 20-day moving average.  The result is around half of the return generated at the high of the session, which saw value plays regain a footing into the end of the month.  Intermediate downside risks for the benchmark are to the rising 50-day moving average, now at 3714.  The wild gyrations over the past couple of sessions, while showing an influence from the speculation in specific names, is somewhat consistent with month-end portfolio rebalancing as investors trim the areas to which they are overexposed and accumulate areas to which they are underweight.  Some of the recent laggards, such as banks and airlines, flourished as a result during the Thursday session.  The start of the new month could see another swing at the upside for stocks, but the market is currently telling us that more froth may need to come out of prices before it finds a footing again.

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

• Tendencies for the equity market during the first year of a new president
• US Dollar exposure as a way to mitigate equity market volatility
• Weekly jobless claims and what they say about the health of the labor market
• New Home Sales in the US
• US International Trade and how to take advantage of the fundamental trends

Subscribe now and we’ll send this outlook to you.

 

February Monthly Report to be released on Friday morning

Our 99-page monthly report for February is complete.  Look for it in your inbox first thing on Friday morning.

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Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.75.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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