Equity Clock

Stock Market Outlook for May 25, 2021

Stocks end the week pinned to short-term moving averages, typical of a pre-holiday period.

 

 

 

*** 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.

Westshore Terminals Investment Corp. (TSE:WTE.TO) Seasonal Chart

G-III Apparel Group, Ltd. (NASD:GIII) Seasonal Chart

Destination XL Group, Inc. (NASD:DXLG) Seasonal Chart

HDFC Bank Ltd. (NYSE:HDB) Seasonal Chart

Quidel Corp. (NASD:QDEL) Seasonal Chart

Nathans Famous, Inc. (NASD:NATH) Seasonal Chart

Horizon Therapeutics Public Ltd. Co. (NASD:HZNP) Seasonal Chart

VanEck Vectors Brazil Small-Cap ETF (NYSE:BRF) Seasonal Chart

Invesco High Yield Equity Dividend Achievers ETF (NASD:PEY) Seasonal Chart

China Mobile Ltd. (NYSE:CHL) Seasonal Chart

Consolidated Communications Holdings Inc. (NASD:CNSL) Seasonal Chart

Team, Inc. (NYSE:TISI) Seasonal Chart

ProShares Ultra MSCI Japan (NYSE:EZJ) Seasonal Chart

Camden National Corp. (NASD:CAC) Seasonal Chart

Limoneira Co. (NASD:LMNR) Seasonal Chart

The Bank of Nova Scotia (NYSE:BNS) Seasonal Chart

 

Note: Next report will be released on Tuesday, May 25.

 

The Markets

Stocks closed mixed in the last session of the week as traders continue to gyrate back and forth between growth and value stocks.  The S&P 500 Index shed just less than a tenth of one percent, giving up gains charted earlier in the session.  Short-term resistance at the declining 20-day moving average remains intact, providing uncertainty to the short-term trend.  The intermediate path, however, remains positive defined by rising trendline support at 4100 and trendline resistance at 4300.  Momentum indicators are still angled lower, however, downside pressures appear to be alleviating, as indicated by the narrowing of the MACD histogram.  The type of mean reversion that was observed in the past few sessions is typical of pre-holiday periods, therefore initial indications point to portfolio managers rebalancing their books ahead of the holiday weekend coming up in the US, as well as month end.

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

• Weekly look at the large-cap benchmark
• US Existing Home Sales and the significant inventory problem
• Canadian retail sales and what drove the headline result

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

Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.85.

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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