Despite the jump in equity prices over the past month, signs of complacency in the market remain absent.

*** 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 Silver Trust (NYSE:SLV) Seasonal Chart

Invesco S&P International Developed Momentum ETF (AMEX:IDMO) Seasonal Chart

Cornish Metals Inc. (TSXV:CUSN.V) Seasonal Chart

Frequency Electronics, Inc. (NASD:FEIM) Seasonal Chart

Fury Gold Mines Ltd. (AMEX:FURY) Seasonal Chart

PureFunds ISE Junior Silver ETF (AMEX:SILJ) Seasonal Chart

B2Gold Corp. (NYSE:BTG) Seasonal Chart

Western Copper Corp. (AMEX:WRN) Seasonal Chart

Pan American Silver Corp. (NYSE:PAAS) Seasonal Chart

First Majestic Silver Corp. (NYSE:AG) Seasonal Chart

McEwen Mining Inc. (TSE:MUX.TO) Seasonal Chart

Global X Copper Miners ETF (NYSE:COPX) Seasonal Chart

Invesco Active U.S. Real Estate ETF (NYSE:PSR) Seasonal Chart

BMO Mid Provincial Bond Index ETF (TSE:ZMP.TO) Seasonal Chart

Americas Gold and Silver Corp. (AMEX:USAS) Seasonal Chart

Goodfellow, Inc. (TSE:GDL.TO) Seasonal Chart

Federated Hermes, Inc. (NYSE:FHI) Seasonal Chart

Secure Energy Services Inc. (TSE:SES.TO) Seasonal Chart

St Joe Corp. (NYSE:JOE) Seasonal Chart

American Woodmark Corp. (NASD:AMWD) Seasonal Chart

iShares MSCI Emerging Markets ETF (NYSE:EEM) Seasonal Chart

Precision Drilling Corp. (NYSE:PDS) Seasonal Chart

Manulife Financial Corp. (TSE:MFC.TO) Seasonal Chart

Stryker Corp. (NYSE:SYK) Seasonal Chart

Patterson Dental Co. (NASD:PDCO) Seasonal Chart

Invesco DB Base Metals Fund (NYSE:DBB) Seasonal Chart

Applied Materials, Inc. (NASD:AMAT) Seasonal Chart

Energy Transfer LP (NYSE:ET) Seasonal Chart

 

Note: With the US market closure on Thursday as a result of the Thanksgiving holiday, our next daily Market Outlook report will be released on Saturday morning, while our extensive Monthly Outlook for December is slated to be released on Friday.  Happy Thanksgiving to our American audience.

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks slipped slightly on Wednesday, giving back some of the gain that was recorded in the prior session, as investors looked to square away positions ahead of the Thanksgiving holiday and ahead of the close of the month.  The S&P 500 Index ended the session down by just less than four-tenths of one percent, continuing to hold above support at the 20-day moving average (5913).  Price continues to hold above previous short-term declining trendline resistance that was formed by connecting the peaks since November 11th, but some indecision set into the market in the last few hours of trade as investors refrain from making any significant directional bets ahead of the holiday.  On a intermediate-term scale, there remains greater evidence of support than resistance, presenting the desired backdrop for strength that is normally realized in the market at year-end.  Major moving averages are all pointed higher and momentum indicators continue to gyrate above their middle lines, providing characteristics of a bullish trend.  Our list of candidates in the market to Accumulate and to Avoid remains well positioned to benefit from the strength that is filtering into the market at this seasonally strong time of year, but we will scrutinize whether any changes are required as the price action evolves.

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite