Contact | RSS Feed

Stock Market Outlook for April 25, 2023

As the US Dollar Index nears a pivotal point on the chart, scrutiny of its direction is vitally important to gauge the direction of stocks moving forward.

Real Time Economic Calendar provided by


*** 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.

OGE Energy Corp. (NYSE:OGE) Seasonal Chart

OGE Energy Corp. (NYSE:OGE) Seasonal Chart

Genesis Energy L P (NYSE:GEL) Seasonal Chart

Genesis Energy L P (NYSE:GEL) Seasonal Chart

Westport Fuel Systems Inc. (NASD:WPRT) Seasonal Chart

Westport Fuel Systems Inc. (NASD:WPRT) Seasonal Chart

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Seasonal Chart

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Seasonal Chart



The Markets

Stocks closed around the flat-line on Monday as investors hold the tape steady ahead of the release of major earnings reports in the week ahead.  The S&P 500 Index added just less than a tenth of one percent, again remaining in the range of overhead resistance between 4100 and 4200.  Momentum indicators continue to show signs of struggle with MACD on the verge of triggering a sell signal.  The technicals are certainly not providing the enticement to add or be aggressive in risk (stocks) at this point as we near the average peak to the best six months of the year trend for stocks at the start of May.  Major moving averages below in the range of 4050 to 4150 are in a position to support the benchmark upon a downside retracement and it would take a move below the December low at 3764 to suggest negative intermediate implications spanning months into the future.  Until then, the market is seeking some kind of catalyst to dictate direction, whether it be higher or lower, but with the macro fundamental degradation that remains ongoing, the technicals that are failing to suggest anything particularly upbeat, and the end of the period of seasonal strength in just days from now, it is difficult to be biased towards an upside surprise at this point.

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

  • Waning downside momentum of the US Dollar Index at a significant pivot point
  • Weekly chart books update: Find out what groups have been added to our list of areas of the market to Accumulate and those to Avoid
  • Our list of all segments of the market to either Accumulate or Avoid
  • Questionable momentum among Chinese equities

Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for April 25

Not signed up yet?  Subscribe now to receive full access to all of the research and analysis that we publish.

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.

Subscribe now.

Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.94.


Seasonal charts of companies reporting earnings today:

Microsoft Corporation Seasonal Chart Alphabet Inc. Seasonal Chart Alphabet Inc. Seasonal Chart Visa Inc. Seasonal Chart Pepsico, Inc. Seasonal Chart McDonald's Corporation Seasonal Chart Novartis AG Seasonal Chart Danaher Corporation Seasonal Chart United Parcel Service, Inc. Seasonal Chart Texas Instruments Incorporated Seasonal Chart NextEra Energy, Inc. Seasonal Chart Verizon Communications Inc. Seasonal Chart Raytheon Technologies Corporation Seasonal Chart General Electric Company Seasonal Chart Chubb Limited Seasonal Chart Fiserv, Inc. Seasonal Chart America Movil, S.A.B. de C.V. Seasonal Chart ABB Ltd Seasonal Chart UBS AG Seasonal Chart Sherwin-Williams Company (The) Seasonal Chart 3M Company Seasonal Chart Moody's Corporation Seasonal Chart Chipotle Mexican Grill, Inc. Seasonal Chart Kimberly-Clark Corporation Seasonal Chart General Motors Company Seasonal Chart Archer-Daniels-Midland Company Seasonal Chart MSCI Inc Seasonal Chart Biogen Inc. Seasonal Chart Banco Santander Brasil SA Seasonal Chart PACCAR Inc. Seasonal Chart Centene Corporation Seasonal Chart Illumina, Inc. Seasonal Chart Enphase Energy, Inc. Seasonal Chart Halliburton Company Seasonal Chart Corning Incorporated Seasonal Chart CoStar Group, Inc. Seasonal Chart Equity Residential Seasonal Chart Laboratory Corporation of America Holdings Seasonal Chart Northern Trust Corporation Seasonal Chart Avangrid, Inc. Seasonal Chart PulteGroup, Inc. Seasonal Chart TransUnion Seasonal Chart Hubbell Inc Seasonal Chart


S&P 500 Index


TSE Composite


Sponsored By...
Seasonal Advantage Portfolio by CastleMoore

Comments are closed.