Stock Market Outlook for June 17, 2025
Equity market showing upside exhaustion heading into a seasonally weak time of 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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LKQ Corp. (NASD:LKQ) Seasonal Chart
Nelnet Inc. (NYSE:NNI) Seasonal Chart
Element Financial Corp. (TSE:EFN.TO) Seasonal Chart
Schneider National, Inc. (NYSE:SNDR) Seasonal Chart
Euronav NV (NYSE:CMBT) Seasonal Chart
The Markets
Stocks rebounded on Monday as concerns pertaining to escalated tensions between Israel and Iran alleviated, resulting in a giveback of the surge in the price of Oil that was revealed into the end of last week. The S&P 500 Index closed higher by 0.94%, erasing much of Friday’s decline, but remaining within 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, lending itself to a pullback that is quite normal, regardless of the reason, at this time of year. Support at the 20-day moving average (5948) is an important line in the sand to the short and intermediate-term trend. 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 (see our comments below), therefore adding new risk exposure at this point 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:
- Price of Oil testing long-term declining trendline resistance
- 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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Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.90.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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