Equity Clock

Stock Market Outlook for February 11, 2021

Energy stocks remain hot.  Find out how the macro fundamentals in the energy sector are evolving compared to seasonal norms in today’s report.

 

 

 

*** 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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Sasol Ltd. (NYSE:SSL) Seasonal Chart

Southwestern Energy Co. (NYSE:SWN) Seasonal Chart

AAON, Inc. (NASD:AAON) Seasonal Chart

GEO Group, Inc. (NYSE:GEO) Seasonal Chart

Maximus, Inc. (NYSE:MMS) Seasonal Chart

Houston American Energy Corp. (AMEX:HUSA) Seasonal Chart

Momo Inc. (NASD:MOMO) Seasonal Chart

Invesco FTSE RAFI Developed Markets ex-U.S. ETF (NYSE:PXF) Seasonal Chart

 

 

The Markets

Stocks closed fairly mixed on Wednesday as investors were observed reallocating portfolios toward economic reopening bets.  The S&P 500 Index closed lower by a mere three basis points (0.03%), remaining pinned to record-high territory.  Intermediate support remains apparent at the rising 50-day moving average, while short-term support has been retaken at the 20-day; the short and intermediate trends are definitively positive.  Momentum indicators continue to show characteristics of a bullish trend, however, early indications that RSI and MACD are rolling over below previous highs depicts a negative divergence, indicative of waning buying demand.  Falling volume attests to the same.

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

• A look at how the marco fundamentals for the energy sector are comparing to seasonal norms
• Consumer Price Index (CPI) for January
• US Dollar

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Sentiment on Wednesday, 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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