The percentage decline in gasoline stockpiles this year has been the largest on record and the recent pickup in demand is slated to keep the price of energy commodities supported into year-end.

*** 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.

iShares MSCI USA Size Factor ETF (AMEX:SIZE) Seasonal Chart

iShares MSCI Germany Small-Cap ETF (AMEX:EWGS) Seasonal Chart

First Trust Europe AlphaDEX Fund (NASD:FEP) Seasonal Chart

First Trust Long/Short Equity ETF (AMEX:FTLS) Seasonal Chart

Direxion NASDAQ-100 Equal Weighted Index Shares (AMEX:QQQE) Seasonal Chart

Vanguard Mid-Cap Growth ETF (NYSE:VOT) Seasonal Chart

Maple Leaf Foods, Inc. (TSE:MFI.TO) Seasonal Chart

GoDaddy Inc. (NYSE:GDDY) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks closed lower on Wednesday as a breakdown in the cryptocurrency market and the lack of a “red wave” during Tuesday’s mid-term election had investors pricing in downside risks to the market.  The S&P 500 Index slipped by over 2%, closing back below both its 20 and 50-day moving averages.  The benchmark continues to trade down from a level of short-term declining trendline resistance, highlighted in our last report, and the rising path of momentum indicators continues to fade.  MACD remains on the verge of triggering a sell signal as the technical indicator converges on its signal line.  Support in the range of 3600 to 3800 continues to be tested, acting as an important line in the sand for the traditional end of year seasonal strength in equity markets.

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite