Equity Clock

Stock Market Outlook for May 28, 2021

Aerospace and Automobile stocks on the move following the release of April’s report on durable goods orders.  Find out our thoughts on each and how to play them 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:

Subscribers – Click on the relevant link to view the full profile. Not a subscriber? Signup here.

Mountain Province Mining, Inc. (TSE:MPVD.TO) Seasonal Chart

Union Bankshares, Inc. (NASD:UNB) Seasonal Chart

Saul Centers, Inc. (NYSE:BFS) Seasonal Chart

MagnaChip Semiconductor Corp. (NYSE:MX) Seasonal Chart

Midas Gold Corp. (TSE:MAX.TO) Seasonal Chart

Cincinnati Financial Corp. (NASD:CINF) Seasonal Chart

Federal Realty Investment Trust (NYSE:FRT) Seasonal Chart

Asanko Gold Inc. (TSE:AKG.TO) Seasonal Chart

LeMaitre Vascular Inc. (NASD:LMAT) Seasonal Chart

Healthpeak Properties Inc (NYSE:PEAK) Seasonal Chart

iShares Gold Bullion ETF (TSE:CGL.TO) Seasonal Chart

Global X Gold Explorers ETF (AMEX:GOEX) Seasonal Chart

Invesco DWA Utilities Momentum ETF (NASD:PUI) Seasonal Chart

SPDR Dow Jones REIT ETF (NYSE:RWR) Seasonal Chart

ProShares UltraShort Bloomberg Crude Oil (NYSE:SCO) Seasonal Chart

 

 

The Markets

Stocks closed mildly higher on Thursday as strength in the reopening trades kept major benchmarks supported.  The S&P 500 Index gained just over one-tenth of one percent, remaining steady just above its 20-day moving average.  Intermediate support remains intact at the rising 50-day moving average, which closely follows the lower limit of its rising trend channel.  The rising range is bound by 4100 on the low side and 4300 on the high side.  MACD crossed marginally above its signal line during the Thursday session in what is a renewed buy signal.  Momentum indicators continue to hold above their middle lines, characteristic of a bullish trend.

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

• Weekly jobless claims and what the data has to say about the health of the labor market
• Natural gas inventories and a review of our investment in the commodity
• US Durable Goods Orders: A look at the seasonal, technical, and fundamental trends for stocks in the automobile and aerospace industries; How we’re positioned

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

Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.71.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

Sponsored By...