Stock Market Outlook for June 24, 2025
International ETFs showing signs of upside exhaustion following a strong start to 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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Franklin Electric Co., Inc. (NASD:FELE) Seasonal Chart
WSFS Financial Corp. (NASD:WSFS) Seasonal Chart
National Bank Holdings Corp. (NYSE:NBHC) Seasonal Chart
The Markets
Stocks gained on Monday as interest rates and the price of oil fell amidst alleviating concerns pertaining to the escalation of tensions in the Middle East. The S&P 500 Index closed up by nearly one percent, remaining in the band of resistance between 5900 and 6100. A negative divergence of MACD and RSI that has been recorded since May 20th highlights upside exhaustion, providing the setup for a pullback that is quite normal, regardless of the reason, at this time of year. Support at the 20-day moving average (5966) is an important line in the sand given that it has remained unviolated throughout the bull-market rally from the April lows; the variable hurdle enticed buying demand at the lows of Monday’s session. The first of the two timeframes that account for the bulk of the weakness for the offseason for stocks is upon us, running from June 14th to June 27th, therefore adding new risk exposure during this period is not opportune, but things look setup to provide opportunities to add risk exposure before the month concludes. 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.
Today, in our Market Outlook to subscribers, we discuss the following:
- Monday’s sharp downfall in the price of Oil
- Our weekly chart books update, along with our list of all segments of the market to either Accumulate or Avoid
- Other Notes
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- Commodities
- Major Benchmarks
- Sub-sectors / Industries
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Sentiment on Monday, as gauged by the put-call ratio, ended close to neutral at 0.98.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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