Markets this week will focus on US Lawmakers as they try to pass legislation to avoid government shutdown by end of September as well as raising the debt ceiling.
Debt ceiling is the maximum amount that the US Government is allowed to borrow. Occasionally US Government needs to vote on increasing the limit to prevent the government from defaulting on its loans and bills. The current limit is at $22 Trillion. Expect volatility in the market if there are delays in this process.
Consumer confidence index for September will be released on Tuesday. It is expected to be slightly higher than Aug. Aug CCI declined and consensus was that it was due to increased concerns over the Delta Variant.
CCI is an indicator of how the people expect to spend and save in the future.
Q3 Earnings this week
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Monday, Sep 27, 2021 |
CONCENTRIX CMN (CNXC) – After Market.   |
| PUYI INC. ADS (PUYI) – After Market. |
| Tuesday, Sep 28, 2021 |
| IHS Markit Ltd (INFO) – Before Market. |
| Synnex (SNX) – Before Market. |
| Wednesday, Sep 29, 2021 |
| Novagold Resources Inc (NG) – After Market. |
| Thursday, Sep 30, 2021 |
| McCormick & Co. (MKC) – Before Market. |
| Jefferies Financial (JEF) – After Market. |
The following is a list of stocks for the week of Sep 20, 2021 – Sep 24, 2021 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| SAM | Boston Beer | Sep 20, 2021 | Piercing Line | 22.08 |
| YUMC | Yum China Holdings | Sep 21, 2021 | Ladder Bottom | 24.24 |
| IEP | Icahn Enterprises | Sep 21, 2021 | Homing Pigeon | 27.79 |
| X | United States Steel Corporation | Sep 22, 2021 | Homing Pigeon | 29.76 |
| UNM | Unum Group | Sep 22, 2021 | Homing Pigeon | 29.07 |
| WU | Western Union Co | Sep 22, 2021 | Harami | 29.94 |
| WU | Western Union Co | Sep 22, 2021 | Harami Cross | 29.94 |
| CC | Chemours Co | Sep 22, 2021 | Homing Pigeon | 26.47 |
| VOYA | Voya Financial Inc | Sep 22, 2021 | Homing Pigeon | 26.5 |
| NSC | Norfolk Southern Corp. | Sep 22, 2021 | Homing Pigeon | 29.13 |
| OLLI | Ollie’s Bargain Outlet Holdings | Sep 22, 2021 | Homing Pigeon | 22.37 |
| DCI | Donaldson | Sep 22, 2021 | Homing Pigeon | 25.8 |
| SNX | Synnex | Sep 22, 2021 | Homing Pigeon | 28.68 |
| SID | National Steel | Sep 23, 2021 | Piercing Line | 29.94 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |