Stock Market Outlook for June 10, 2025
A precious metal catch-up trade has materialized and we are there for it.
*** 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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America Movil S.A. de CV (NYSE:AMX) Seasonal Chart
BRP Inc. (TSE:DOO.TO) Seasonal Chart
Horizon Copper Corp. (TSXV:HCU.V) Seasonal Chart
PAMT Corp. (NASD:PAMT) Seasonal Chart
BMO Equal Weight US Health Care Index ETF (TSE:ZHU.TO) Seasonal Chart
The Markets
Stocks continued to edge higher on Monday as investors monitored any developments stemming from trade negotiations between the US and China. The S&P 500 Index closed up by just less than a tenth of one percent, continuing to gyrate in the band of resistance between 5900 and 6100. While the 50-hour moving average is no longer enticing the type of buying demand that has been observed over the past couple of months, the large-cap benchmark has still managed to hold this ultra short-term hurdle as support in recent days. Looking forward, we should still be prepared for a digestive period heading into the end of the second quarter before the summer rally period in July gets underway at the end of this month. The first of the two timeframes that account for the bulk of the weakness for the offseason for stocks is directly ahead running from June 14th to June 27th (see our Monthly Outlook for June), therefore adding new risk exposure at this point may not be opportune. Our list of candidates in the market that are worthy to Accumulate or Avoid remains appropriately positioned, keeping investors tuned into those segments of the market that are working, while highlighting those groups that are not.
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.
- Currencies
- Cryptocurrencies
- Commodities
- Major Benchmarks
- Sub-sectors / Industries
- ETFs: Bonds | Commodities | Equity Markets | Industries | Sectors
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Today, in our Market Outlook to subscribers, we discuss the following:
- Our weekly chart books update, along with our list of all segments of the market to either Accumulate or Avoid
- Other Notes
- Investor Sentiment
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for June 10
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Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.83.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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