Bring on the summer rally!

*** 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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Gyre Therapeutics, Inc. (NASD:GYRE) Seasonal Chart

 

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks closed mixed on Wednesday as portfolio managers conduct their final trades before the end of the quarter and first half of the year.  The S&P 500 Index closed with a gain of just less than two-tenths of one percent, remaining within a tight consolidation span that it has been within for the past week between 5445 and 5500.  A break of the short-term span would have upside or downside implications of the same magnitude.  Major moving averages continue to fan out positively below price, providing a number of points of support should a correction commence.  The Relative Strength Index (RSI) has ticked back into overbought territory above 70, but, similar to the fanning out of major moving averages below price, characteristics of a bullish trend are readily apparent.

 

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite