The percent of stocks above 50 and 200-day moving averages pointing to a market that is at or near an oversold extreme.

*** 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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Carmax Inc. (NYSE:KMX) Seasonal Chart

Allscripts, Inc. (NASD:MDRX) Seasonal Chart

Intact Financial Corp. (TSE:IFC.TO) Seasonal Chart

iShares Global 100 ETF (NYSE:IOO) Seasonal Chart

iShares Global Comm Services ETF (NYSE:IXP) Seasonal Chart

 

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks continued to struggle on Tuesday as Treasury yields and the dollar continue to rise, imposing significant pressure on risk assets.  The S&P 500 Index ended down by just less than four-tenths of one percent, now starting to break below declining trendline support that had kept the selloff orderly through the past five months.  Momentum indicators continue to roll over with RSI getting close to becoming oversold again below 30.  Characteristics of a bearish trend persist with both RSI and MACD holding predominantly below their middle lines.

 

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

 

TSE Composite