Equity Clock

Stock Market Outlook for July 14, 2026

Focus shifting back to the energy market as geopolitical tensions rise.

*** 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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Stock Highlight:
iShares Select Dividend ETF (NASD:DVY) Seasonal Chart	Optimal holding period from July 14th to October 24th Remains within a steady long-term rising trend, supported at its 20-week moving average (~$153): Stop loss appropriate at $153 Dividend stocks tend to offer a buffer against market volatility later in the third quarter

BMO Covered Call Canadian Banks ETF (TSE:ZWB.TO) Seasonal Chart

WisdomTree High Dividend Fund (NYSE:DHS) Seasonal Chart

iShares U.S. Financials ETF (NYSE:IYF) Seasonal Chart

SPDR S&P Bank ETF (NYSE:KBE) Seasonal Chart

Simon Property Group, Inc. (NYSE:SPG) Seasonal Chart

Canadian Imperial Bank Of Commerce (TSE:CM.TO) Seasonal Chart

Royal Caribbean Cruises (NYSE:RCL) Seasonal Chart

PriceSmart, Inc. (NASD:PSMT) Seasonal Chart

Bank Of America Corp. (NYSE:BAC) Seasonal Chart

Richardson Electronics, Ltd. (NASD:RELL) Seasonal Chart

Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.

The Markets

Stocks closed in the red on Monday as escalating geopolitical tensions between the US and Iran caused the price of Oil to spike. The S&P 500 Index slipped by nearly eight-tenths of one percent, still holding above declining trendline resistance from the month of June.  The benchmark has fallen back into the recent short-term trading range between 7425 and 7550, putting the prospect of a move towards 7675 on hold.  Support on the daily chart is being maintained at 20 and 50-day moving averages (~7440), which have converged on one another in a bearish manner. Daily momentum indicators started to curl higher in recent days, triggering near-term buy signals that aligned nicely with the start of the summer rally phase, but they are starting to show sluggish performance as investors digest the geopolitical risk.  In the Seasonal Advantage Portfolio that we manage for clients at CastleMoore, we remain positioned for this summer rally phase that began on June 27th (S&P 500 Index is strongly higher, above the seasonal norm, since that point).  Following a first half performance in the Seasonal Advantage Portfolio that was well ahead of our own benchmark (as well as all major equity benchmarks in the market), we are still anticipating strength for the start of the second half of the year, but we are scrutinizing the risks that have abruptly escalated with the increase in geopolitical tensions.  The start of earnings season provides some cover to the headline threats.  Subscribers can view what we are targeting in our list of market segments to either Accumulate or Avoid.

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.

• Currencies
• Cryptocurrencies
• Commodities
• Major Benchmarks
• Sub-sectors / Industries
• ETFs:   Bonds  |  Commodities  |  Equity Markets  |  Industries  |  Sectors

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 detailing important aspects of the state of the market and timely opportunities to play various Accumulate or Avoid rated groups

Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for July 14

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Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.91.

Seasonal charts of companies reporting earnings today:

S&P 500 Index

TSE Composite

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