Equity Clock

Stock Market Outlook for February 9, 2021

As China gets set to celebrate its new year on Friday, an overwhelming number of China ETFs are starting their optimal holding periods today.

 

 

 

*** 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.

Gartner Group, Inc. (NYSE:IT) Seasonal Chart

Southside Bancshares, Inc. (NASD:SBSI) Seasonal Chart

Zillow Group, Inc. (NASD:ZG) Seasonal Chart

Etsy Inc. (NASD:ETSY) Seasonal Chart

Globant SA (NYSE:GLOB) Seasonal Chart

HubSpot Inc. (NYSE:HUBS) Seasonal Chart

Virtus LifeSci Biotech Clinical Trials ETF (AMEX:BBC) Seasonal Chart

Morgan Stanley A Share Fund (NYSE:CAF) Seasonal Chart

Deutsche X-trackers MSCI All China Equity ETF (AMEX:CN) Seasonal Chart

WisdomTree China ex-State-Owned Enterprises Fund (NASD:CXSE) Seasonal Chart

Fidelity MSCI Consumer Discretionary Index ETF (AMEX:FDIS) Seasonal Chart

First Trust Eurozone AlphaDEX ETF (NASD:FEUZ) Seasonal Chart

SPDR S&P China ETF (NYSE:GXC) Seasonal Chart

Invesco Golden Dragon China ETF (NASD:PGJ) Seasonal Chart

iShares Exponential Technologies ETF (NASD:XT) Seasonal Chart

 

 

The Markets

Stocks pushed further into record-high territory as investors continue to focus on areas of the market that will benefit from an economic reopening.  The S&P 500 Index gained three-quarters one percent, lifted by airline, resource, and bank stocks.  Intermediate support for the large-cap benchmark remains intact at the rising 50-day moving average, while short-term support at the 20-day moving average has been retaken.  Momentum indicators continue to show characteristics of a bullish trend. Volume in the market has fallen off slightly in the past few days, indicating that investor excitement around current levels has faded as opportunities dry up.

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

• New all-time highs for the Canadian market and whether or not now is the time to rotate to the formerly underperforming market
• Oil & Gas Exploration and Production stocks
• A notable change of rating for a much beloved investment in our weekly chartbooks
• An overwhelming number of China ETFs entering their period of strength today and how we are playing it

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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

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Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.69.

 

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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