December continues the positivity in the equity market with the S&P 500 Index averaging a gain of 0.9% with 70% of periods closing higher.

*** 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.

Magnite, Inc (NASD:MGNI) Seasonal Chart

Real Estate Select Sector SPDR Fund (NYSE:XLRE) Seasonal Chart

Goldman Sachs Hedge Industry VIP ETF (AMEX:GVIP) Seasonal Chart

iShares Global Clean Energy ETF (NASD:ICLN) Seasonal Chart

Zillow Group, Inc. Class C (NASD:Z) Seasonal Chart

Celanese Corp. (NYSE:CE) Seasonal Chart

Embraer Aircraft (NYSE:ERJ) Seasonal Chart

U.S. Global Investors, Inc. (NASD:GROW) Seasonal Chart

Aberdeen International Inc (TSE:AAB.TO) Seasonal Chart

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) Seasonal Chart

Cogeco Cable, Inc. (TSE:CCA.TO) Seasonal Chart

Cambria Global Asset Allocation ETF (AMEX:GAA) Seasonal Chart

iShares MSCI Brazil Small-Cap ETF (NASD:EWZS) Seasonal Chart

iShares MSCI Belgium Capped ETF (NYSE:EWK) Seasonal Chart

iShares MSCI ACWI Low Carbon Target ETF (AMEX:CRBN) Seasonal Chart

Valero Energy Corp (NYSE:VLO) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks closed generally higher in the final session of November as traders were seen scooping up beaten down names in the Health Care and Financial sectors.  The S&P 500 Index closed with a gain of just less than four-tenths of one percent, continuing to gyrate around a range of indecision at the 4550 level.  Resistance at the July high of 4600 remains in focus for analysts heading into the end of the year as the benchmark seeks to alleviate the overbought condition that had been built up following the rally since the end of October.  The MACD histogram continues to narrow, lining up the momentum indicator to realize a bearish crossover in the days ahead, barring some re-invigoration of upside momentum.  With the tax-loss selling period ahead, running through the first half of December, the risk-reward to adding new equity exposure in the near-term is less than ideal, however, that still leaves us with little to do according to our intermediate-term approach that remains with a positive bias.  Levels of support below the market remain numerous and it would take a significant catalyst to fuel a breakdown of the market before the end of the year.

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite