Difficult to be bullish of stocks if the US Dollar is no longer declining.
*** 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 mildly lower on Friday as investors continue to wait for a catalyst to break the market free of its prolonged trading range. The S&P 500 Index closed down by just less than two-tenths of one percent, once again ending in the band of resistance between 4100 and 4200. Support continues to be implied around the congestion of major moving averages between 3950 and 4050. Seasonal tendencies for stocks are generally lack-lustre through the week ahead until days leading up to the Memorial Day holiday in the US, when a positive drift into the event is the norm. Until the benchmark breaks the aforementioned hurdles or we get into the window when stocks typically realize the pull from the first official holiday of the summer, there is little to advocate for directional wise.
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Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
