Equity Clock

Stock Market Outlook for June 29, 2021

We have established our playbook for the weeks ahead and we will be executing it today.

 

 

 

*** 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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Belo Sun Mining Corp. (TSE:BSX.TO) Seasonal Chart

 

 

The Markets

Stocks closed mixed on Monday as technology continued to benefit from end-of-quarter rotation at the expense of core-cyclical bets.  The S&P 500 Index added just less than a quarter of one percent, charting yet another record closing high.  Momentum indicators have turned higher following last week’s advance with MACD and RSI still showing action that is characteristic of a bullish trend, holding predominantly above their middle lines.  The benchmark continues to be bounded by rising trendline support around 4200 and rising trendline resistance around 200-points higher at 4400.  The early June peak around 4250 is in a position of short-term support.

Soon to be released…

We are busy editing our monthly report for July, providing all of the insight and analysis to help guide you through the month(s) ahead.  Look for this extensive report in your inbox either late Tuesday or early Wednesday.

Not subscribed yet? Signup now and you will be included on this and other distributions that we send to subscribers.

 

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

• Ratings changes in this week’s chart books
• How we are looking to execute our seasonal playbook through the weeks ahead

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

Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.76.

 

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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