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 July 29, 2022

Clean energy stocks breaking out, benefiting our model portfolio.

*** 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.

Acceleron Pharma Inc. (NASD:XLRN) Seasonal Chart

Acceleron Pharma Inc. (NASD:XLRN) Seasonal Chart

RBC Quant Canadian Dividend Leaders ETF (TSE:RCD.TO) Seasonal Chart

RBC Quant Canadian Dividend Leaders ETF (TSE:RCD.TO) Seasonal Chart

BMO MSCI USA High Quality Index ETF (TSE:ZUQ.TO) Seasonal Chart

BMO MSCI USA High Quality Index ETF (TSE:ZUQ.TO) Seasonal Chart

ebix.com, Inc. (NASD:EBIX) Seasonal Chart

ebix.com, Inc. (NASD:EBIX) Seasonal Chart

HomeTrust Bancshares, Inc. (NASD:HTBI) Seasonal Chart

HomeTrust Bancshares, Inc. (NASD:HTBI) Seasonal Chart

CBOE Global Markets Inc. (AMEX:CBOE) Seasonal Chart

CBOE Global Markets Inc. (AMEX:CBOE) Seasonal Chart

Humana, Inc. (NYSE:HUM) Seasonal Chart

Humana, Inc. (NYSE:HUM) Seasonal Chart

Sysco Corp. (NYSE:SYY) Seasonal Chart

Sysco Corp. (NYSE:SYY) Seasonal Chart

Garmin Ltd. (NASD:GRMN) Seasonal Chart

Garmin Ltd. (NASD:GRMN) 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 followed through with their post-Fed gains on Thursday, further erasing the sharp declines that were recorded through the middle of June when inflation concerns were all the rage.  The S&P 500 Index closed higher by another 1.21%, continuing to move above 50-day moving average support that was tested earlier in the week.  The push towards the May high at 4170 is underway, a hurdle that will either make or break the intermediate trend of lower-lows and lower-highs that the benchmark has been in this year.  The confirmation of support at the 50-day moving average in recent days suggests that the shift of the intermediate path is already underway, but we will not know definitively until the May/June peak is violated.  Momentum indicators are increasingly relinquishing characteristics of a bearish trend with RSI and MACD pushing above their middle lines.  Short-term, we are approaching an important hurdle at 4100, representing the target of the previously highlighted trading range breakout and also representing a point of previous support observed in February and again early in June.  We would not be surprised to see a pause in the range of 4100 to 4170 before the market regroups for the ultimate push higher into year-end, as per our forecast for the second half of the year.

image


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

   

Upcoming event

Using Seasonality to Determine Where We Are in the Economic Cycle (Recession)? and How to Invest

Saturday, September 17, 2022 | 3:00 pm – 3:45 pm EDT
Some leading indicators are hinting that we are on the path towards an economic recession, traditionally an ideal time to abandon risk in portfolios. Jon Vialoux will show you what he’s looking at and how to best position your portfolio using seasonal analysis.

Click on the following registration link to book your FREE spot to our presentation: Register Now

1200x628_TOMS22-Vialoux

Sentiment on Thursday, as gauged by the put-call ratio, ended close to neutral at 0.94.

image

 

 

Sectors and Industries entering their period of seasonal strength:

Food Retailers & Wholesalers Industry Seasonality

$DJUSFD Relative to the S&P 500

 

Seasonal charts of companies reporting earnings today:

Exxon Mobil Corporation Seasonal Chart Procter & Gamble Company (The) Seasonal Chart Chevron Corporation Seasonal Chart AbbVie Inc. Seasonal Chart Astrazeneca PLC Seasonal Chart Sony Group Corporation Seasonal Chart Charter Communications, Inc. Seasonal Chart Enbridge Inc Seasonal Chart Colgate-Palmolive Company Seasonal Chart Aon plc Seasonal Chart Phillips 66 Seasonal Chart Eversource Energy Seasonal Chart LyondellBasell Industries NV Seasonal Chart Mettler-Toledo International, Inc. Seasonal Chart Imperial Oil Limited Seasonal Chart Weyerhaeuser Company Seasonal Chart W.W. Grainger, Inc. Seasonal Chart Church & Dwight Company, Inc. Seasonal Chart Magna International, Inc. Seasonal Chart W. P. Carey Inc. Seasonal Chart CNH Industrial N.V. Seasonal Chart Booz Allen Hamilton Holding Corporation Seasonal Chart Cboe Global Markets, Inc. Seasonal Chart Newell Brands Inc. Seasonal Chart Banco Santander Chile Seasonal Chart Chart Industries, Inc. Seasonal Chart Balchem Corporation Seasonal Chart AllianceBernstein Holding L.P. Seasonal Chart TAL Education Group Seasonal Chart First Hawaiian, Inc. Seasonal Chart Arbor Realty Trust Seasonal Chart

 

S&P 500 Index

image

image

 

TSE Composite

image

image