Stock Market Outlook for January 30, 2025
Into the end of last year, businesses and consumers were seen front running some of Trump’s policies pertaining to tariffs and the elimination of remote work.
*** 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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Rogers Corp. (NYSE:ROG) Seasonal Chart
EnerSys Inc. (NYSE:ENS) Seasonal Chart
Nordson Corp. (NASD:NDSN) Seasonal Chart
Wabtec (NYSE:WAB) Seasonal Chart
Chart Industries Inc. (NYSE:GTLS) Seasonal Chart
LiveOne, Inc. (NASD:LVO) Seasonal Chart
Viemed Healthcare Inc. (NASD:VMD) Seasonal Chart
The Markets
The ebb-and-flow in the equity market continues as the technology driven selloff that started on Monday resumed, weighing on the S&P 500 Index in this mid-week session. The S&P 500 Index slipped by around half of one percent, holding levels above the 20-day moving average (5963). The variable hurdle also closely aligns with previous short-term declining trendline resistance around 5975, a barrier that capped the benchmark over the past month. A fill of the gap that was opened during Monday’s selloff between 6017 and 6088 remains underway; traders are likely to look to sell into this zone through the days/weeks ahead as broader momentum dwindles. Momentum indicators have negatively diverged from price since the middle of last year, highlighting the waning enthusiasm investors had been expressing towards tech-heavy benchmarks, like this, amidst extreme valuations. We continue to monitor the potential impact of the apparent rotation in the market on our list of candidates in the market to Accumulate and to Avoid and we are still expecting that our list will show more of a neutral appearance through the weeks ahead as segments that were previously noted as Accumulate candidates fall off (eg. Technology), potentially replaced by some value segments of the market, and as areas to Avoid are added.
Today, in our Market Outlook to subscribers, we discuss the following:
- US International Trade in Goods and the largest monthly trade deficit on record
- The depressed trend of oil imports
- Domestic demand for energy surging this winter
- Oil stockpiles and the seasonal trade in the commodity and the stocks with exposure
- The change in US Home Prices and the abnormal rise of prices in traditional business hubs
- Investor sentiment and the normal rise in the Volatility Index (VIX) through the months ahead
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Sentiment on Wednesday, as gauged by the put-call ratio, ended bullish at 0.73.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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