Stock Market Outlook for July 21, 2026
Average tendencies for stocks rather lacklustre through the weeks ahead, but we are staying bullish.
*** 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: |
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Invesco S&P 500 BuyWrite ETF (NYSE:PBP) Seasonal Chart |
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First Financial Bancorp. (NASD:FFBC) Seasonal Chart
Hartford Financial Services Group, Inc. (NYSE:HIG) Seasonal Chart
Assurant Inc. (NYSE:AIZ) Seasonal Chart
Trustmark Corp. (NASD:TRMK) Seasonal Chart
Amphenol Corp. (NYSE:APH) Seasonal Chart
1st Source Corp. (NASD:SRCE) 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
Further strength in the cost of borrowing amidst the rise in the price of oil kept stocks under pressure into the new week. The S&P 500 Index fell by two-tenths of one percent, continuing to trade below short-term double-top resistance at 7580 and reaching back to the lower limit of the short-term trading range between 7425 and 7550. The move obviously clouds the looming resolution of the range that last week projected a move towards 7675. Support on the daily chart is being maintained around 20 and 50-day moving averages (~7466), which have converged on one another in a bearish manner. Daily momentum indicators have rolled over again with MACD triggering a fresh sell signal, now aligning with the end of the summer rally period that came to an end on July 17th. In the Seasonal Advantage Portfolio that we manage for clients at CastleMoore, we remain positioned in a bullish manner. 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, despite the recent uptick in volatility, 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 of the segments of the market to either Accumulate or Avoid
- Other Notes
Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for July 21
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Sentiment on Monday, as gauged by the put-call ratio, ended close to neutral at 0.93.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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