Evidence suggests that the trends of employment are normalizing following the abnormally mild winter that helped to support activity in January and February.
*** 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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Super Simple Seasonal Portfolio
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The Markets
Stocks closed fairly mixed on Monday as investors received their first opportunity to react to March’s payroll report that was released on Friday. The S&P 500 Index added one-tenth of one percent, continuing to show hesitation around the band of resistance between 4100 and 4200. Momentum indicators continue to show early signs of upside exhaustion with the MACD histogram continuing to decline now that the technical indicator is converging on its signal line. The band of major moving averages in the range of 3900 and 4000 is in a position of near-term support, but the benchmark is certainly not in a position yet to suggest that these moving averages are set to carry the benchmark higher over an intermediate to long-term basis.
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Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
