The S&P 500 Index has fallen by an average of 0.5% in September in what is considered to be the weakest and most volatile month of the year for stocks.
*** 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 slipped slightly into the final trading day of August, capping off what had been a negative month overall for equity market benchmarks. The S&P 500 Index ended with a loss of less than two-tenths of one percent, remaining above previous resistance at its 20 and 50-day moving averages. Downside gap resistance between 4550 and 4575 remains a significant threat in the way of the continuation of the recent advance during what is traditionally a period of volatility/weakness for stocks in August and September. Momentum indicators are on the upswing following their August slide, but are showing slight signs of struggle reaching and sustaining levels above their middle lines. Beyond the normal positivity that runs into the period surrounding the Labor Day holiday, weakness returns in the back half of September during what is the weakest time of the year for the market.
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Seasonal charts of companies reporting earnings today:
- No significant earnings scheduled for today.
S&P 500 Index
TSE Composite
