Gold mining ETF carving out a head-and-shoulders bottoming pattern ahead of its period of seasonal strength.

*** 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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Paramount Gold and Silver Corp. (AMEX:PZG) Seasonal Chart

Almaden Minerals Ltd. (TSE:AMM.TO) Seasonal Chart

Cognizant Technology Solutions Corp. (NASD:CTSH) Seasonal Chart

Micron Solutions, Inc. (AMEX:MICR) Seasonal Chart

Pohang Iron & Steel (Posco) (NYSE:PKX) Seasonal Chart

UMH Properties, Inc. (NYSE:UMH) Seasonal Chart

Canadian Solar Inc. (NASD:CSIQ) Seasonal Chart

Diodes Inc. (NASD:DIOD) Seasonal Chart

Moody’s Corp. (NYSE:MCO) Seasonal Chart

World Wrestling Entertainment, Inc. (NYSE:WWE) Seasonal Chart

New York Times Co. (NYSE:NYT) Seasonal Chart

SilverCrest Metals Inc. (TSE:SIL.TO) Seasonal Chart

Bausch Health Cos. Inc. (NYSE:BHC) Seasonal Chart

Winpak Ltd. (TSE:WPK.TO) Seasonal Chart

L.B. Foster Co. (NASD:FSTR) Seasonal Chart

Novo Nordisk A S (NYSE:NVO) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

Note: As a result of the US Thanksgiving holiday closure of the US markets, there will be no report released on Thursday.  Our next report will be disseminated at the end of the week (Saturday).  Happy Thanksgiving!

 

The Markets

Stocks clawed their way higher in traditional pre-Thanksgiving Day fashion as prices hold at overbought territory heading into the holiday.  The S&P 500 Index closed with a gain of just over four-tenths of one percent, reaching for the 52-week high that was charted in July at 4600.  The Relative Strength Index (RSI) is back above 70, indicative of an overbought condition, and the MACD histogram is declining, both suggestive of near-term risks of a pullback as we head towards the tax-loss selling period in the first half of December.  The intermediate path of the benchmark remains positive, which is all that matters to our seasonal approach, but a digestion of the recent strength seems inevitable at some point.  Levels of support below remain numerous, including major moving averages and upside open gaps that were charted around 4450, 4325, and 4250.  The major line in the sand is the horizontal band between 4100 and 4200, which, as long as it holds as support, reason for a positive intermediate bias into year-end exists.

 

 

 

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite