The pullback in Tech stocks makes their valuations increasingly compelling.

Stock Market Outlook for July 27, 2026

The pullback in Tech stocks makes their valuations increasingly compelling.

Real Time Economic Calendar provided by Investing.com.

*** 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:
Fortis, Inc. (TSE:FTS.TO) Seasonal Chart	Optimal holding period from July 27th to November 5th Remains within a steady long-term rising trend, supported by levels around the 20-week moving average Revenues for the company have steadily gained year-over-year, providing a stable allocation during a period of volatility for the equity market during the third quarter

SPDR S&P 1500 Value Tilt ETF (AMEX:VLU) Seasonal Chart

Ubiquiti Inc. (NYSE:UI) Seasonal Chart

Titan Mining Corp. (TSE:TI.TO) Seasonal Chart

Teucrium Sugar Fund (NYSE:CANE) Seasonal Chart

The Bank of Nova Scotia (TSE:BNS.TO) Seasonal Chart

BMO Equal Weight Industrials Index ETF (TSE:ZIN.TO) Seasonal Chart

Cenovus Energy Inc. (TSE:CVE.TO) Seasonal Chart

Expedia, Inc (NASD:EXPE) Seasonal Chart

Ascendis Pharma A/S (NASD:ASND) Seasonal Chart

Global X Nasdaq 100 Covered Call ETF (NASD:QYLD) Seasonal Chart

Vistra Energy Corp. (NYSE:VST) Seasonal Chart

Universal Insurance Holdings Inc. (NYSE:UVE) Seasonal Chart

American Fncl Group, Inc. (NYSE:AFG) Seasonal Chart

SIFCO Industries, Inc. (AMEX:SIF) 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

Continued selling pressures stemming from the technology sector kept broad market benchmarks capped to close out the week. The S&P 500 Index was essentially unchanged, remaining below the lower limit of the short-term trading range between 7425 and 7550. An attempt to fill Thursday’s downside gap between 7450 and 7500 failed to amount to much. The resolution of the prevailing trading range proposes a move of 125-points in the direction of break, or to 7300. While we have to adopt this downbeat target as the base case, we have seen a false break of the span before (albeit to the upside) that ultimately reversed. The weight of the escalating conflict between the US and Iran may be too burdensome this time around. Support on the daily chart has been broken around 20 and 50-day moving averages (~7471), which have converged on one another in a bearish manner. Daily momentum indicators have rolled over in recent days 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 have not made any changes in our allocations, yet. 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 still have a bias to expect strength for the start of the second half of the year, aligning with the optimism that the manufacturing economy expressing, but we are scrutinizing the risks that have abruptly escalated with the increase in geopolitical tensions. We continue to view earnings season as providing some cover to the headline threats. Subscribers can view what we are targeting in our list of market segments to either Accumulate or Avoid.

Today, in our Market Outlook to subscribers, we discuss the following:

Weekly look at the large-cap benchmark

Market Valuations and the trend of Earnings Per Share Expectations

Economic Surprise Index

US New Home Sales and the change in the Median Price of New Homes Sold

Housing Stocks

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