Strength in the banks bodes well for small-cap equities.
*** 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 ticked higher on Wednesday as traders remain upbeat from the results received from earnings, thus far. The S&P 500 Index closed higher by around half of one percent, charting an inside candlestick within the prior day’s range. Support continues to be pinned at previous resistance of 5669, along with the 20-day moving average that is hovering around 5752. Despite evidence of waning upside momentum within this tail-end to the period of seasonal volatility for stocks, this market is showing greater evidence of support than resistance, a characteristic of a bullish trend. We continue to like the groups that are on our growing list of Accumulate candidates, but there are certainly segments of the market to Avoid. The ability of the market, as a whole, to overcome the period of seasonal weakness for stocks rather unscathed is certainly telling of the relentless demand that has supported the benchmark, despite the fact that the risk-reward, broadly, is not very attractive. The start of the best six months of the year for stocks is just a couple of weeks away and there is a need from a seasonal perspective to ramp up risk exposure at some point.
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
