Injections to the Strategic Petroleum Reserve (SPR) have restarted, presenting a bullish backdrop for the price of oil heading into its period of seasonal strength for price.

*** 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.

WisdomTree Emerging Markets Dividend Fund (AMEX:DVEM) Seasonal Chart

iShares MSCI China A ETF (AMEX:CNYA) Seasonal Chart

iShares MSCI Ireland Capped ETF (NYSE:EIRL) Seasonal Chart

Sibanye Stillwater Ltd (NYSE:SBSW) Seasonal Chart

iShares MSCI Global Silver Miners ETF (AMEX:SLVP) Seasonal Chart

Global X SuperDividend Emerging Markets ETF (AMEX:SDEM) Seasonal Chart

iShares MSCI EAFE Small-Cap ETF (NASD:SCZ) Seasonal Chart

Starcore International Mines Ltd. (TSE:SAM.TO) Seasonal Chart

SPDR MSCI World Quality Mix ETF (AMEX:QWLD) Seasonal Chart

Sprott Physical Silver Trust ETF (NYSE:PSLV) Seasonal Chart

SPDR DoubleLine Total Return Tactical ETF (AMEX:TOTL) Seasonal Chart

Cambria Emerging Shareholder Yield ETF (AMEX:EYLD) Seasonal Chart

Sprouts Farmers Market Inc. (NASD:SFM) Seasonal Chart

Magna Intl, Inc. (TSE:MG.TO) Seasonal Chart

Rayonier, Inc. (NYSE:RYN) Seasonal Chart

Yangarra Resources Ltd. (TSE:YGR.TO) Seasonal Chart

Capstone Copper Corp (TSE:CS.TO) Seasonal Chart

iShares MSCI EAFE ETF (NYSE:EFA) Seasonal Chart

Micron Technology, Inc. (NASD:MU) Seasonal Chart

Hershey Foods Corp. (NYSE:HSY) Seasonal Chart

iShares MSCI Global Metals & Mining Producers ETF (AMEX:PICK) Seasonal Chart

iShares MSCI Frontier 100 ETF (AMEX:FM) Seasonal Chart

iShares MSCI Europe Financials ETF (NASD:EUFN) Seasonal Chart

WisdomTree Emerging Markets High Dividend Fund (NYSE:DEM) Seasonal Chart

iShares Yield Optimized Bond ETF (AMEX:BYLD) Seasonal Chart

Fairfax India Holdings Corp. (TSE:FIH/U.TO) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks had another lacklustre showing on Wednesday as the buying demand out of the October low slows heading into the normal tax-loss selling period.  The S&P 500 Index closed down by just less than one tenth of one percent, continuing to show signs of stalling below the July high and resistance at 4600.  Momentum initiators continue to roll over from overbought territory and the MACD histogram continues to contract, setting up for a pending sell signal for the momentum indicator in the days ahead as the market digests the strength delivered over the past month.  Levels of support below remain plentiful, working to keep the positive intermediate-term path of the benchmark intact.  A pullback through the weeks ahead coinciding with the traditional tax-loss selling period would present the ideal setup to become aggressive again in risk for the Santa Claus rally period that spans the back half of December and into the start of the new year.  For now, the near-term risk-reward is less than favourable although all we really care about for positioning in portfolios is the intermediate direction coinciding with a seasonal framework, therefore there is little to respond to as it pertains to our strategy.

 

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

TSE Composite