Ahead of the release of the Non-Farm Payroll report for November, jobless claims are indicated to have surged in the post-Thanksgiving week by the most since 2020.

*** 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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Invesco Senior Income Trust (NYSE:VVR) Seasonal Chart

SPDR MSCI Emerging Markets Quality Mix ETF (AMEX:QEMM) Seasonal Chart

iShares North American Natural Resources ETF (NYSE:IGE) Seasonal Chart

WisdomTree International MidCap Dividend Fund (NYSE:DIM) Seasonal Chart

Dynamic iShares Active Preferred (TSE:DXP.TO) Seasonal Chart

ProShares Ultra Silver (NYSE:AGQ) Seasonal Chart

Frontline Ltd. (NYSE:FRO) Seasonal Chart

Cheniere Energy Partners, LP (AMEX:CQP) Seasonal Chart

Plains All American Pipeline, LP (NASD:PAA) Seasonal Chart

Aecon Group Inc. (TSE:ARE.TO) Seasonal Chart

Pioneer Natural Resources Co. (NYSE:PXD) Seasonal Chart

Oracle Corp. (NYSE:ORCL) Seasonal Chart

Hess Corp. (NYSE:HES) Seasonal Chart

iShares S&P/TSX Completion Index ETF (TSE:XMD.TO) Seasonal Chart

Western Resources Corp. (TSE:WRX.TO) Seasonal Chart

Vanguard FTSE Canadian High Dividend Yield Index ETF (TSE:VDY.TO) Seasonal Chart

JD.com, Inc. (NASD:JD) Seasonal Chart

Americas Silver Corp. (TSE:USA.TO) Seasonal Chart

Denison Mines Corp. (AMEX:DNN) Seasonal Chart

 

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Super Simple Seasonal Portfolio

 

The Markets

Stocks bounced back from their prior day’s decline as the highly rotational market that is normal for this time of year continues.  The S&P 500 Index recorded a gain of eight-tenths of one percent, once again reaching back to resistance around the July high at 4600 and keeping the consolidation/digestion zone around 4550 intact.  Momentum indicators continue to roll over from overbought territory with MACD on a sell signal following the bearish cross of its signal line that was revealed on Wednesday.  But while the technicals portray near-term risks of a pullback, the intermediate trend is suggested to be solid, supported by major moving averages below that are on the rise.  Upside gap support that was charted in the middle of November is viewed as the logical retracement zone attributed to the tax loss selling period that runs through the first half of December.  We remain fully invested across stocks, bonds, and commodities and there is little to suggest raising cash (yet) in our intermediate-term/seasonal approach as we did back at the end of July.

 

 

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite