Equity Clock

Stock Market Outlook for April 27, 2021

The growth/momentum trade is reasserting itself.

 

 

 

*** 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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Nuveen California Municipal Value Fund 2 (NYSE:NCB) Seasonal Chart

Maiden Holdings Ltd. (NASD:MHLD) Seasonal Chart

Heartland Financial USA Inc. (NASD:HTLF) Seasonal Chart

Summer Infant, Inc. (NASD:SUMR) Seasonal Chart

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Seasonal Chart

BlackRock MuniYield Investment Quality Fund (NYSE:MFT) Seasonal Chart

 

 

The Markets

Stocks closed fairly mixed on Monday with the S&P 500 and Dow Jones Industrial Average benchmarks moving in opposite directions on the day.  The S&P 500 Index added just less than two-tenths of one percent, achieving another record closing high.  The benchmark continues to grind around the upper limit to its rising trend-channel, which hovers just beyond 4200.  The lower limit of the rising range can be seen at 4000.  Sell signals with respect to RSI and MACD remain intact.  Only a few more sessions remain in the month of April and, while the imbalances in portfolio position have been much less extreme than in months past, the “fluttering” of prices may continue through the days ahead as portfolio managers conduct their final trades before the new month begins.

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

• The reassertion of the growth/momentum trade
• Notable ratings changes in this week’s chart books

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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 0.65. 

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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