Market Views 846

Energy Looks Like the Best Bet Right Now

The indexes are not showing a lot of strength one way or the other. When the major indexes are in neutral, and the economic forecasts are weakening and inflation seems to be getting worse and the supply chains across the entire spectrum seem to be broken, it is hard to see how this market rallies into the rest of the fourth quarter. But, the market is not tanking either.

The market opened on a bit of a positive move higher, following on the heels of last Friday’s rally.

The raising of the debt ceiling last week triggered a muted relief rally. And, as a result, the technical data improved a bit, but not enough to jump back into the market with both feet.

The only Sector showing any significant strength to the upside is Energy, followed by the Financial sector. We are nicely positioned in several strong, up-trending, high-dividend oil and gas stocks in the DIS model and I may add some oil/gas companies to our TG and TQA models if the Sector continues to outperform.
Mike Turner, Turner Capital Investments, turnercapital.com, 855-678-8200, October 11, 2021

‘Tis the Season for Strength in the Markets
The fourth quarter is a seasonally strong quarter that is characterized by positive gains for October, November and December.  I should add that January is also a seasonally strong month, so we have four straight months of seasonal strength to look forward to. November is the strongest month in the fourth quarter, since we typically get an “early January effect” just before Thanksgiving, when small capitalization stocks seasonally surge.
Louis Navellier, Navellier Market Notes, 1 East Liberty, Ste. 504 Reno, Nevada 89501, info@navellier.com, October 7, 2021

Near-Term Volatility
Just when the market looked ready to go over the falls last week the buyers stepped in, pushing the major indexes sharply higher. It’s certainly encouraging, but by our measures, we haven’t seen confirmation of a new intermediate-term uptrend, and while a few stocks have popped to new highs, most individual names are in the same no-man’s-land environment. Longer term, the strong, broad bounce is a good sign the overall bull market is alive and well, but near term, it’s still uncertain whether we’ll see another leg lower or more vicious rotation.
Michael Cintolo, Cabot Top Ten Trader, cabotwealth.com, 978-745-5532, October 11, 2021

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