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Equity Clock

Equity Clock - Market Outlook for November 1, 2022

Over the past two decades, the S&P 500 Index has averaged a gain of 1.8% in November with 75% of periods showing a positive result.

*** 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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Ethan Allen Interiors Inc. (NYSE:ETD) Seasonal Chart

Ethan Allen Interiors Inc. (NYSE:ETD) Seasonal Chart

Vanguard Russell 3000 ETF (NASD:VTHR) Seasonal Chart

Vanguard Russell 3000 ETF (NASD:VTHR) Seasonal Chart

Vanguard Russell 1000 Value ETF (NASD:VONV) Seasonal Chart

Vanguard Russell 1000 Value ETF (NASD:VONV) Seasonal Chart

Vanguard Industrials ETF (NYSE:VIS) Seasonal Chart

Vanguard Industrials ETF (NYSE:VIS) Seasonal Chart

Vanguard Health Care ETF (NYSE:VHT) Seasonal Chart

Vanguard Health Care ETF (NYSE:VHT) Seasonal Chart

ProShares UltraPro Russell2000 (NYSE:URTY) Seasonal Chart

ProShares UltraPro Russell2000 (NYSE:URTY) Seasonal Chart

Invesco S&P SmallCap Health Care ETF (NASD:PSCH) Seasonal Chart

Invesco S&P SmallCap Health Care ETF (NASD:PSCH) Seasonal Chart

Invesco DWA Financial Momentum ETF (NASD:PFI) Seasonal Chart

Invesco DWA Financial Momentum ETF (NASD:PFI) Seasonal Chart

ArcelorMittal SA (NYSE:MT) Seasonal Chart

ArcelorMittal SA (NYSE:MT) Seasonal Chart

 

 

Super Simple Seasonal Portfolio


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The Markets

Stocks closed mixed on the last session of October as investors take a breather following the tremendous rally over the past couple of weeks. The S&P 500 Index closed down by three-quarters of one percent, remaining above recently broken resistance at the 50-day moving average.  The declining 100-day moving average at 3900 remains the test as resistance, while the rising 20-day moving average at 3728 remains in a position of support.  Momentum indicators remain on the rise and are even inching into the upper half of their ranges, attempting to shake off the characteristics of a bearish trend that have dominated for much of the year.  There remains questions pertaining to the intermediate path of stocks, but the short-term trend of lower-lows and lower-highs that stemmed from the intermediate peak in August is deemed to have been broken, which is conducive to continued strength between here are year-end.  This is still a counter-trend rally and we must be prepared for any curveballs that may be thrown.  Wednesday’s FOMC announcement is certainly notable on our radar.

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Seasonal charts of companies reporting earnings today:

Eli Lilly and Company Seasonal Chart Pfizer, Inc. Seasonal Chart BP p.l.c. Seasonal Chart Advanced Micro Devices, Inc. Seasonal Chart Sony Group Corporation Seasonal Chart Mondelez International, Inc. Seasonal Chart Eaton Corporation, PLC Seasonal Chart Marathon Petroleum Corporation Seasonal Chart McKesson Corporation Seasonal Chart Enterprise Products Partners L.P. Seasonal Chart Public Storage Seasonal Chart Thomson Reuters Corp Seasonal Chart Devon Energy Corporation Seasonal Chart Phillips 66 Seasonal Chart American International Group, Inc. Seasonal Chart Ecolab Inc. Seasonal Chart Sysco Corporation Seasonal Chart KKR & Co. Inc. Seasonal Chart Energy Transfer L.P. Seasonal Chart Prudential Financial, Inc. Seasonal Chart Electronic Arts Inc. Seasonal Chart Simon Property Group, Inc. Seasonal Chart Newmont Corporation Seasonal Chart MPLX LP Seasonal Chart IDEXX Laboratories, Inc. Seasonal Chart AMTEK, Inc. Seasonal Chart WEC Energy Group, Inc. Seasonal Chart Verisk Analytics, Inc. Seasonal Chart ONEOK, Inc. Seasonal Chart Sirius XM Holdings Inc. Seasonal Chart Gartner, Inc. Seasonal Chart Extra Space Storage Inc Seasonal Chart Edison International Seasonal Chart Paycom Software, Inc. Seasonal Chart Xylem Inc. Seasonal Chart Waters Corporation Seasonal Chart Clorox Company (The) Seasonal Chart CenterPoint Energy, Inc. Seasonal Chart Yum China Holdings, Inc. Seasonal Chart Amcor plc Seasonal Chart Westinghouse Air Brake Technologies Corporation Seasonal Chart Incyte Corporation Seasonal Chart Markel Corporation Seasonal Chart Fox Corporation Seasonal Chart FMC Corporation Seasonal Chart

 

S&P 500 Index

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TSE Composite

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