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Stock Market Outlook for December 14, 2020


Santa Claus coming to town?

 

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:

Subscribers – Click on the relevant link to view the full profile. Not a subscriber? Signup here.

Keycorp (NYSE:KEY) Seasonal Chart

Russel Metals, Inc. (TSE:RUS.TO) Seasonal Chart

Bonterra Energy Corp. (TSE:BNE.TO) Seasonal Chart

Canacol Energy Ltd. (TSE:CNE.TO) Seasonal Chart

Western Copper Corp. (TSE:WRN.TO) Seasonal Chart

Gildan Activewear, Inc. (NYSE:GIL) Seasonal Chart

WisdomTree India Earnings Fund (NYSE:EPI) Seasonal Chart

VanEck Vectors Russia ETF (NYSE:RSX) Seasonal Chart

Vanguard Global ex-U.S. Real Estate ETF (NASD:VNQI) Seasonal Chart

Eastman Chemical Co. (NYSE:EMN) Seasonal Chart

Darden Restaurants, Inc. (NYSE:DRI) Seasonal Chart

Regions Financial Corp. (NYSE:RF) Seasonal Chart

Vermilion Energy Inc. (TSE:VET.TO) Seasonal Chart

Ryder System, Inc. (NYSE:R) Seasonal Chart

BorgWarner, Inc. (NYSE:BWA) Seasonal Chart

HollyFrontier Corp. (NYSE:HFC) Seasonal Chart

iShares MSCI Taiwan ETF (NYSE:EWT) Seasonal Chart

iShares U.S. Oil & Gas Exploration & Production ETF (NYSE:IEO) Seasonal Chart

iShares Core S&P Total US Stock Market ETF (NYSE:ITOT) Seasonal Chart

Invesco DWA Momentum ETF (NASD:PDP) Seasonal Chart

Host Hotels & Resorts Inc. (NYSE:HST) Seasonal Chart

Schlumberger Ltd. (NYSE:SLB) Seasonal Chart

TORC Oil & Gas Ltd. (TSE:TOG.TO) Seasonal Chart

LyondellBasell Industries NV (NYSE:LYB) Seasonal Chart

BMO S&P-TSX Equal Weight Oil & Gas Index ETF (TSE:ZEO.TO) Seasonal Chart

Transocean, Inc. (NYSE:RIG) Seasonal Chart

iShares Core MSCI Emerging Markets IMI Index ETF (TSE:XEC.TO) Seasonal Chart

iShares MSCI France ETF (NYSE:EWQ) Seasonal Chart

iShares MSCI Brazil Small-Cap ETF (NASD:EWZS) Seasonal Chart

First Trust NYSE Arca Biotechnology Index Fund (NYSE:FBT) Seasonal Chart

SPDR S&P Global Natural Resources ETF (NYSE:GNR) Seasonal Chart

iShares Russell Mid-Cap ETF (NYSE:IWR) Seasonal Chart

Invesco DWA Basic Materials Momentum ETF (NASD:PYZ) Seasonal Chart

Invesco S&P 500 Equal Weight ETF (NYSE:RSP) Seasonal Chart

Invesco S&P 500 High Beta ETF (NYSE:SPHB) Seasonal Chart

 

 

The Markets

Stocks dipped slightly on on Friday as investors continue to monitor the progress of stimulus negotiations in the US.  The S&P 500 Index slipped by just over a tenth of one percent, still managing to hold on to the psychologically important 3600 level.  At the lows of the session, the large-cap benchmark once again tested short-term support around its rising 20-day moving average at 3636 and, once again, the short-term hurdle held, drawing in buyers to continue to support this market.  Downside risks remain to the intermediate hurdle at the 50-day moving average, now hovering around 3518.  Momentum indicators continue to roll over following the previous session’s sell signal with respect to MACD, however, they remain far off from deriving characteristics of a bearish trend.  The breakout of the previous 300-point trading range between 3200 and 3500 projects upside towards 3800, now just under 4% above present levels.

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

  • Weekly look at the S&P 500 Index
  • Santa Claus Rally and how to best take advantage
  • Critical datapoints for the week ahead
  • Institutional sentiment and what it has to say about how they are positioning

Subscribe now and we’ll send this outlook to you.

Sentiment on Friday, as gauged by the put-call ratio, ended close to neutral at 0.97. 

 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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