You're receiving this daily market outlook because you are subscribed to Equity Clock. Want to opt-out and only receive the monthly and intraday reports? Simply reply to this email to let us know.
Having trouble viewing this email? View in your browser.
Equity Clock - Market Outlook for February 15, 2023
Consumer prices jump in the first read of 2023, indicating that the inflation problem that the Fed has been pushing back against has yet to go away.
*** 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:
Subscribers – Click on the relevant link to view the full profile. Not a subscriber? Signup here.
This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.
The Markets
Stocks closed mixed on Tuesday as investors parsed the stronger than expected read of consumer prices for January. The S&P 500 Index closed lower by a mere three basis points (0.03%), charting a rather indecisive doji candlestick, highlighting the battle between the bulls and the bears around the important pivot point at 4100. A consolidation above the previous horizontal barrier continues to play out as the benchmark finds short-term support at its rising 20-day moving average. The confluence of major moving average remains in the zone between 3900 and 4000, providing a general range to catch the benchmark should it fall, as per seasonal norms, through the remainder of February. MACD remains on a sell signal following Friday’s bearish crossover below its signal line. While strength above 4100 lends itself to further gains so long as this pivotal hurdle does not definitively break, the benchmark continues to maintain a rather neutral view as the bulls and the bears look for greater clarity that a sustainable rising or falling path is upon us.
This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
If you wish to be excluded from this distribution, simply reply to this email requesting to have your email removed from our list or click on the following link: **Note: You will continue to have access to our reports so long as your subscription at Equity Clock remains active. To manage your subscription to our service, please visit the Members Section at https://charts.equityclock.com/members.
