March is typically a strong month for stocks with the S&P 500 Index gaining an average of 1.1% and showing positive results in 60% of periods over the past two decades.
*** 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 closed higher on Thursday amidst a push to window dress portfolios into the end of the month. The S&P 500 Index ended with a gain of just over half of one percent, reaching back towards the record intraday high at 5111 that was charted a week ago amidst the NVIDIA surge. Short-term support remains apparent at the rising 20-day moving average at 5012, a level that is within the limits of the upside open gap that was charted a week ago between 4983 and 5038. Negative momentum divergences with respect to MACD and RSI attest to the waning buying demand around these heights, something that could easily lend itself to a short-term pullback in the market before the first quarter is complete. Intermediate-term, the market is providing all of the signs to be bullish of with major moving averages rising above one another and momentum indicators hovering above their middle lines.
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Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
