Equity Clock

Stock Market Outlook for December 30, 2021

The demand profile of the energy market remains impressive and we are benefitting via our allocation to commodities in our Super Simple Seasonal Portfolio.

 

 

 

*** 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.

FleetCor Technologies Inc. (NYSE:FLT) Seasonal Chart

Permian Basin Rlty (NYSE:PBT) Seasonal Chart

Franklin Financial Services Corp. (NASD:FRAF) Seasonal Chart

Smith Micro Software, Inc. (NASD:SMSI) Seasonal Chart

US Silica Holdings, Inc. (NYSE:SLCA) Seasonal Chart

Invesco S&P 500 Pure Growth ETF (NYSE:RPG) Seasonal Chart

Xebec Adsorption Inc. (TSE:XBC.TO) Seasonal Chart

 

 

 

 

The Markets

Stocks drifted slightly higher on Wednesday as the optimism surrounding the Santa Claus rally period remains intact.  The S&P 500 Index ticked higher by just over a tenth of one percent, charting a fresh record closing high.  The benchmark broke above the upper limit of an ascending triangle pattern on Monday, continuing the intermediate to long-term trend of higher-highs and higher-lows.  Previous resistance just above 4700 is now in a position of support.  The 20-day moving average is back on a positive slope, highlighting the positive short-term momentum and level of support underlining the broader market benchmark.  Similarly, momentum indicators are on the rebound.  Four more sessions remain in the heart of the Santa Claus rally period, a period that so far is showing success.

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

• The risk to the market as a result of ongoing weakness in cryptocurrencies
• US Petroleum Inventories and energy sector stocks
• Commodity exposure and the US Dollar
• New record high trade deficit in the US

Subscribe now and we’ll send this outlook to you.

Sentiment on Wednesday, as gauged by the put-call ratio, ended close to neutral at 0.93.

 

 

 

 

 

Seasonal charts of companies reporting earnings today:

•  No significant earnings scheduled for today

 

S&P 500 Index

 

 

TSE Composite

Sponsored By...