Equity Clock

Stock Market Outlook for September 7, 2021

US payrolls actually increased by 312,000, or 0.2%, in August, which is inline with the average change for this eighth month of the year.

 

 

*** 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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IntercontinentalExchange Group, Inc. (NYSE:ICE) Seasonal Chart

The Descartes Systems Group, Inc. (TSE:DSG.TO) Seasonal Chart

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (TSE:ZWA.TO) Seasonal Chart

York Water Co. (NASD:YORW) Seasonal Chart

iShares Core MSCI Pacific ETF (AMEX:IPAC) Seasonal Chart

iShares MSCI India Small-Cap ETF (AMEX:SMIN) Seasonal Chart

SPDR SSGA US Small Cap Low Volatility Index ETF (AMEX:SMLV) Seasonal Chart

Advance Auto Parts Inc. (NYSE:AAP) Seasonal Chart

Hawaiian Electric Industries Inc. (NYSE:HE) Seasonal Chart

Calavo Growers, Inc. (NASD:CVGW) Seasonal Chart

Chorus Aviation, Inc. (TSE:CHR.TO) Seasonal Chart

Monarch Casino & Resort, Inc. (NASD:MCRI) Seasonal Chart

Vanguard FTSE Global All Cap ex Canada Index ETF (TSE:VXC.TO) Seasonal Chart

iShares India Index ETF (TSE:XID.TO) Seasonal Chart

iShares MSCI World Index ETF (TSE:XWD.TO) Seasonal Chart

WisdomTree Japan Hedged SmallCap Equity Fund (NASD:DXJS) Seasonal Chart

 

 

The Markets

Stocks closed mixed on Friday following a much weaker than expected read of payroll growth for the month of August.  The S&P 500 Index shed less than a tenth of one percent, still pressuring the mid-point to the approximately 200-point rising range that can be seen between 4425 and 4625.  The lower limit of the span continues to border the rising 50-day moving average, which has presented an ideal hurdle for traders to ratchet up their exposure to stocks since the year began.  Momentum indicators, while still showing characteristics of a bullish trend, are no longer trending higher, indicative of the waning interest towards stocks at these market heights.

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

• Weekly look at the large-cap benchmark
• US Employment Situation
• The rise in wages and how treasury bond prices are reacting
• US Vehicle Sales

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

Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.89.

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

TSE Composite

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