Equity Clock

Stock Market Outlook for August 30, 2021

Margin debt fell in July for the first time in 16 months. Find out what this is telling us 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.

First Republic Bank San Francisco California (NYSE:FRC) Seasonal Chart

Six Flags Entertainment Corp. (NYSE:SIX) Seasonal Chart

Columbus McKinnon Corp. (NASD:CMCO) Seasonal Chart

Investar Holding Corp. (NASD:ISTR) Seasonal Chart

Goodfood Market Corp. (TSE:FOOD.TO) Seasonal Chart

BMO US Dividend ETF (TSE:ZDY.TO) Seasonal Chart

iShares Morningstar Large-Cap Value ETF (NYSE:JKF) Seasonal Chart

Hartford Multifactor US Equity ETF (AMEX:ROUS) Seasonal Chart

Vanguard Dividend Appreciation ETF (NYSE:VIG) Seasonal Chart

Vanguard Russell 2000 Value ETF (NASD:VTWV) Seasonal Chart

iShares S&P Global Industrials Index ETF (CAD-Hedged) (TSE:XGI.TO) Seasonal Chart

CVB Financial Corp. (NASD:CVBF) Seasonal Chart

Ryanair Holdings PLC (NASD:RYAAY) Seasonal Chart

Deep Value ETF (AMEX:DEEP) Seasonal Chart

Banco Frances Del Rio SA (NYSE:BBAR) Seasonal Chart

iShares Core Dividend Growth ETF (AMEX:DGRO) Seasonal Chart

Invesco S&P MidCap Low Volatility ETF (AMEX:XMLV) Seasonal Chart

 

 

 

The Markets

Stocks jumped to close out the final trading session of the week as investors reacted favourably to comments from Fed Chair Jerome Powell.  The S&P 500 Index gained just less than nine-tenths of one percent, moving above an important psychological milestone at 4500.  Yet again, the mid-point to the approximately 200-point rising trading range between 4400 and 4600 is being tested, a barrier that investors have been hesitant to surpass since May, suggesting waning investor enthusiasm.  Momentum indicators, while holding above their middle lines, are still negatively diverging from price, also a sign of waning upside momentum.  With the month of August almost complete, the volatility that is typical and notorious for this time of year is noticeably absent.  There is one month left in this period of volatility and we will be watching closely how the cards are dealt as we look towards some of the core cyclical bets that we desire to be in this fall.

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

• Weekly look at the large-cap benchmark
• The jump in small-cap stocks
• The desire to become more equally weighted in equity allocations ahead of the end of the quarter
• Margin Debt
• US International Trade

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Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.87.

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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