The trend of Industrial Production this year points to a Republican win for the office of the President.

*** 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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iShares S&P U.S. Mid-Cap Index ETF (TSE:XMC.TO) Seasonal Chart

West Fraser Timber Co. Ltd. (TSE:WFG.TO) Seasonal Chart

Energy Fuels, Inc. (TSE:EFR.TO) Seasonal Chart

VanEck Vectors Semiconductor ETF (NASD:SMH) Seasonal Chart

Carnival Plc. (NYSE:CUK) Seasonal Chart

Floor & Decor Holdings, Inc. (NYSE:FND) Seasonal Chart

Invesco S&P SmallCap Information Technology ETF (NASD:PSCT) Seasonal Chart

Trane Technologies Inc (NYSE:TT) Seasonal Chart

Coty Inc. (NYSE:COTY) Seasonal Chart

Autoliv, Inc. (NYSE:ALV) Seasonal Chart

Zebra Technologies Corp. (NASD:ZBRA) Seasonal Chart

Las Vegas Sands Corp. (NYSE:LVS) Seasonal Chart

Honeywell International, Inc. (NASD:HON) Seasonal Chart

Ford Motor Co. (NYSE:F) Seasonal Chart

Autozone Inc. Nevada (NYSE:AZO) Seasonal Chart

Science Applications International Corp. (NYSE:SAIC) Seasonal Chart

Invesco Dynamic Semiconductors ETF (NYSE:PSI) Seasonal Chart

Invesco S&P SmallCap Consumer Discretionary ETF (NASD:PSCD) Seasonal Chart

Badger Meter, Inc. (NYSE:BMI) Seasonal Chart

Fastenal Co. (NASD:FAST) Seasonal Chart

PulteGroup, Inc. (NYSE:PHM) Seasonal Chart

Lennox Intl Inc. (NYSE:LII) Seasonal Chart

Buckle, Inc. (NYSE:BKE) Seasonal Chart

Boeing Co. (NYSE:BA) Seasonal Chart

Manitowoc Co, Inc. (NYSE:MTW) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks continued to receive lift from positive reaction to corporate earnings on Friday, pushing the large-cap benchmark back to short-term resistance at 5870.  The S&P 500 Index closed higher by four-tenths of one percent, sufficient to achieve a fresh record closing high.  Support continues to be pinned at previous resistance of 5669, along with the 20-day moving average that is hovering around 5767. 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.

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite