Stock Market Outlook for August 18, 2025
The S&P 500 Index has reached back to the upper limit of its long-term rising trading range.
*** 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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Immunovant Inc. (NASD:IMVT) Seasonal Chart
Teucrium Agricultural Fund (AMEX:TAGS) Seasonal Chart
Permian Resources Corporation (NYSE:PR) Seasonal Chart
First Asset Energy Giants Covered Call ETF (TSE:NXF/B.TO) Seasonal Chart
The Descartes Systems Group, Inc. (TSE:DSG.TO) Seasonal Chart
Global X Lithium ETF (NYSE:LIT) Seasonal Chart
iShares MSCI Global Energy Producers ETF (AMEX:FILL) Seasonal Chart
Ascendis Pharma A/S (NASD:ASND) Seasonal Chart
Espey Mfg. & Electronics Corp. (AMEX:ESP) Seasonal Chart
Geospace Technologies Corp. (NASD:GEOS) Seasonal Chart
BMO MSCI Emerging Markets Index ETF (TSE:ZEM.TO) Seasonal Chart
Sprott Funds Uranium Mining ETF (AMEX:URNM) Seasonal Chart
Quaker Chemical Corp. (NYSE:KWR) Seasonal Chart
Allison Transmission Holdings, Inc. (NYSE:ALSN) Seasonal Chart
Natural Gas Services Group, Inc. (NYSE:NGS) Seasonal Chart
Invesco Ltd. (NYSE:IVZ) Seasonal Chart
Gorman-Rupp Co. (NYSE:GRC) Seasonal Chart
Keysight Technologies Inc. (NYSE:KEYS) Seasonal Chart
The Markets
Stocks slipped slightly on Friday as traders monitored developments from the meeting between Trump and Putin in Alaska. The S&P 500 Index ended down by just less than three-tenths of one percent, remaining within arm’s reach of the record closing high charted on Thursday.The 20-day moving average (6366) remains a pivotal level on the downside as a violation would suggest the start of the digestion of some of the strength achieved since the April lows. While follow-through to the downside following the threatening start to August has not been achieved, this is still the time to be on your toes given the well known volatile period that this time of year is known for. As equity markets destabilize from their summer strength, looking for opportunities to peel back risk in portfolios has become appropriate in order to mitigate the erratic moves that impacts stocks in the final months of the third quarter (August/September). The strategy remains to avoid being aggressive in risk (stocks) in the near-term, but take advantage of any volatility shocks (should they materialize) to increase the risk profile of portfolios ahead of the best six months of the year for stocks that gets underway in October. Our list of candidates in the market that are worthy to Accumulate or Avoid continues to be dialed in appropriately, keeping investors tuned into those segments of the market that are working according to our three-pronged approach incorporating seasonal, technical, and fundamental analysis.
Today, in our Market Outlook to subscribers, we discuss the following:
- Weekly look at the large-cap benchmark
- US Retail Sales and the investment implications within
- The change in retail and wholesale inventories
- Visa Spending Momentum Index
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Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.75.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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