Traders are starting to gravitate back to growth and away from value, a tendency that is normal through the offseason for stocks that is now underway.
*** 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.
Super Simple Seasonal Portfolio
This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.
The Markets
Stocks closed mildly higher on Tuesday as the pullback in interest rates gave benefit to yield beneficiaries (technology, utilities). The S&P 500 Index ended higher by a quarter of one percent, charting a fresh record closing high and remaining elevated above support at the 100-day moving average (5047). Momentum indicators are showing very early signs of stalling with the MACD histogram starting to narrow and RSI remaining essentially unchanged in recent days just below overbought territory. Still, characteristics of a bullish trend persist and the removal of a level of resistance at the March high of 5264 places it into clear air to move higher, despite the unfavourable seasonal tendencies for stocks that runs, generally, from May to October. Short-term tendencies for stocks are positive surrounding the Memorial day long weekend and into the start of June, following which mean-reversion into the end of the second quarter becomes a dominant influence.
Want to know which areas of the market to buy or sell? Our Weekly Chart Books have just been updated, providing a clear Accumulate, Avoid, or Neutral rating for currencies, cryptocurrencies, commodities, broad markets, and subsectors/industries of the market. Subscribers can login and click on the relevant links to access.
This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
