Stock Market Outlook for April 16, 2025
A number of traditional buy signals for stocks have been triggered.
*** 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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Summit State Bank (NASD:SSBI) Seasonal Chart
MetroCity Bankshares Inc (NASD:MCBS) Seasonal Chart
AST SpaceMobile, Inc. (NASD:ASTS) Seasonal Chart
Uxin Ltd (NASD:UXIN) Seasonal Chart
TransUnion.com (NYSE:TRU) Seasonal Chart
Baidu, Inc. (NASD:BIDU) Seasonal Chart
Upland Software Inc. (NASD:UPLD) Seasonal Chart
Ally Financial Inc. (NYSE:ALLY) Seasonal Chart
Maiden Holdings North America, Ltd. (NYSE:MHNC) Seasonal Chart
Agilysys Inc. (NASD:AGYS) Seasonal Chart
Core Molding Technologies, Inc. (AMEX:CMT) Seasonal Chart
Accelr8 Technology (NASD:AXDX) Seasonal Chart
The Markets
Stocks wobbled around the flat-line on Tuesday, struggling to make further progress in moving above the highs set last week. The S&P 500 Index ended lower by just less than two-tenths of one percent, holding just below the pre-tariff announcement lows around 5500. There is a cap over this market in the range between 5500 and 5800 that would likely require a catalyst to break; without one, look for the sellers to step in around this zone. As has been pointed out, the benchmark remains in a precarious state heading into the second quarter, holding levels below the 200-day moving average, a variable hurdle that is now rolling over and providing a characteristic of an intermediate to long-term bearish trend. Unfortunately, this technical degradation in the market has come during this period of seasonal strength that runs through the month of April, therefore we are biased to let this favourable timeframe show what it is capable of before taking action; the more likely time that the next evolution of the declining intermediate-to-long-term trend for stocks should occur is through the off-season that starts in May. We continue to leave our Super Simple Seasonal Portfolio as is, but we are cognizant of the need to do something ahead to mitigate the threat that the intermediate-term trend is portraying. We continue to monitor the potential impact of the rotation in the market on our list of candidates in the market to Accumulate and to Avoid, but we have been finding things to buy amidst this market tumult.
Today, in our Market Outlook to subscribers, we discuss the following:
- The Buy signals for stocks that have been triggered
- Canada Manufacturing Sales and what is driving the aggregate result
- Canadian Dollar
- Canada Consumer Price Index, the moderation of shelter prices, and further evidence of consumers deterring vacation plans
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for April 16
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Sentiment on Tuesday, as gauged by the put-call ratio, ended bearish at 1.03.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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