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

Equity Clock - Market Outlook for June 29, 2023

The trade deficit in the US appears to be on the path towards expansion again thanks to the resilience of the consumer.

*** 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.

Andrew Peller Ltd. (TSE:ADW/A.TO) Seasonal Chart

Andrew Peller Ltd. (TSE:ADW/A.TO) Seasonal Chart

A.I.S. Resources Ltd. (TSXV:AIS.V) Seasonal Chart

A.I.S. Resources Ltd. (TSXV:AIS.V) Seasonal Chart

 

Super Simple Seasonal Portfolio


This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.

   


 

The Markets

Stocks traded mixed on Wednesday as portfolio managers continue to execute incremental allocation changes ahead of the end of the quarter.  The S&P 500 Index closed almost flat (down by 0.04%), remaining supported by the rising 20-day moving average.  Momentum indicators continue to portray characteristics of a bullish trend above their middle lines and the alleviation of overbought conditions charted in recent weeks provides the leeway for the summer rally period through the middle of July to excel now that the exhaustive state has been removed.  The intermediate-term trend remains that of higher-highs and higher-lows, supported by major moving averages, and this is not expected to change in the weeks ahead, which is typically one of the stronger periods for the equity market.  As highlighted yesterday and will be contended in our soon to be released monthly outlook for July, the breakout of the approximately 400-point range between 3800 and 4200 has a calculated upside target towards 4600, a target that could easily be achieved during the bullish fluctuation that is normal through the first three weeks of July. The technicals are not providing much for the bears to feed off of, which warrants an upbeat view of stocks at least for the next few weeks, despite fundamental concerns pertaining to the economy that are ongoing.



This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.

   


 

Seasonal charts of companies reporting earnings today:

Nike, Inc. Seasonal Chart Paychex, Inc. Seasonal Chart McCormick & Company, Incorporated Seasonal Chart MSC Industrial Direct Company, Inc. Seasonal Chart Acuity Brands, Inc. Seasonal Chart The Simply Good Foods Company Seasonal Chart Progress Software Corporation Seasonal Chart Lindsay Corporation Seasonal Chart SMART Global Holdings, Inc. Seasonal Chart Greenbrier Companies, Inc. (The) Seasonal Chart Nano Dimension Ltd. Seasonal Chart Rite Aid Corporation Seasonal Chart

 

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.

Copyright © Equity Clock 2026