Equity Clock

Stock Market Outlook for May 26, 2021

Hot demand and limited supply continues to drive prices of homes strongly higher, but this is acting as a burden on broader economic activity.

 

 

 

*** 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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Amgen, Inc. (NASD:AMGN) Seasonal Chart

SigmaTron Intl, Inc. (NASD:SGMA) Seasonal Chart

Tecnoglass Inc. (NASD:TGLS) Seasonal Chart

 

 

The Markets

Stocks closed mildly lower on Tuesday as portfolio managers shuffle the deck on positions ahead of the end of the month.  The S&P 500 Index shed just over two-tenths of one percent, continuing to hold above its 20-day moving average that it broke above in the prior session.  The limits of the intermediate-term rising trend channel remain intact with the lower limit now hovering around 4100, while the upper limit can be pegged around 4300.  Momentum indicators have curled higher in recent days as downside momentum wanes.  Technical indicators continue to show characteristics of a bullish trend.

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

• New Home Sales in the US and the burden on the housing market that threatens to weigh on broader consumer activity
• Home prices in the largest cities in the US and the record setting trends of the value of largest asset of most Americans
• Notable rating changes in this weeks chart books; Find out what has been upgraded and what we have been forced to downgrade

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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 Tuesday, as gauged by the put-call ratio, ended bullish at 0.82.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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