Stock Market Outlook for July 8, 2025
On the lookout for evidence of risk aversion heading into the period of volatility for stocks.
*** 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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Associated Capital Group, Inc. (NYSE:AC) Seasonal Chart
BMO Covered Call US Banks ETF (TSE:ZWK.TO) Seasonal Chart
Kontoor Brands Inc. (NYSE:KTB) Seasonal Chart
WisdomTree Japan Hedged SmallCap Equity Fund (NASD:DXJS) Seasonal Chart
Union Pacific Corp. (NYSE:UNP) Seasonal Chart
Manchester United Ltd. (NYSE:MANU) Seasonal Chart
Anixa Biosciences, Inc. (NASD:ANIX) Seasonal Chart
Kinross Gold Corp. (NYSE:KGC) Seasonal Chart
Fresh Del Monte Produce (NYSE:FDP) Seasonal Chart
Nasdaq OMX Group Inc. (NASD:NDAQ) Seasonal Chart
The Markets
Stocks slipped on Monday as investors reacted to news on the tariff front as the Trump administration extends the 90-day pause deadline and announces new rates that could be imposed on various countries that have been, perhaps, less than forthcoming in trade negotiations, thus far. The S&P 500 Index closed lower by nearly eight-tenths of one percent, peeling back from the all-time high that was charted prior to the Independence Day holiday on Thursday. The upside gap that was charted in the succinct pre-holiday session last week has been closed, alleviating some of the overbought condition that was apparent coming into the week. Support at the cloud of major moving averages remains well defined, including the 20-day moving average (6085), a variable hurdle that has been unviolated throughout the bull-market rally from the April lows. Until some of the implied levels of support start to crack, this market still has the appearance of having an easier ability to excel above levels of resistance than to fail below levels of support. Our list of candidates in the market that are worthy to Accumulate or Avoid continues to be appropriately positioned, keeping investors tuned into those segments of the market that are working in such areas as in the Technology, Communication Services, Financials, and Utilities sectors.
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.
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- Sub-sectors / Industries
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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
- Looking our for evidence of risk aversion heading into the most volatile time of year for stocks
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for July 8
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Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.92.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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