Post-election year tendencies suggest that we could see a stronger than average appreciation in the US Dollar early in 2025, threatening to pressure risk assets in January and February.

*** 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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Blue Ribbon Income Fund (TSE:RBN/UN.TO) Seasonal Chart

Geodrill Ltd. (TSE:GEO.TO) Seasonal Chart

New Pacific Metals Corp. (AMEX:NEWP) Seasonal Chart

Tortoise Energy Infrastructure Corp. (NYSE:TYG) Seasonal Chart

Gold Terra Resource Corp (TSXV:YGT.V) Seasonal Chart

Optical Cable Corp. (NASD:OCC) Seasonal Chart

SPDR S&P Pharmaceuticals ETF (NYSE:XPH) Seasonal Chart

SPDR S&P Emerging Markets ETF (AMEX:SPEM) Seasonal Chart

Source Capital, Inc. (NYSE:SOR) Seasonal Chart

Invesco S&P 500 Equal Weight Energy ETF (NYSE:RSPG) Seasonal Chart

Kelso Technologies, Inc. (TSE:KLS.TO) Seasonal Chart

Colliers International Group Inc. (TSE:CIG.TO) Seasonal Chart

Berry Petroleum Corp. (NASD:BRY) Seasonal Chart

Empire Petroleum Corp. (AMEX:EP) Seasonal Chart

Currency Exchange Intl, Corp. (TSE:CXI.TO) Seasonal Chart

Avino Silver & Gold Mines Ltd. (TSE:ASM.TO) Seasonal Chart

Rockwell Medical Technologies, Inc. (NASD:RMTI) Seasonal Chart

America’s Car-Mart, Inc. (NASD:CRMT) Seasonal Chart

Ambev SA (NYSE:ABEV) Seasonal Chart

Sienna Senior Living Inc. (TSE:SIA.TO) Seasonal Chart

Bonterra Energy Corp. (TSE:BNE.TO) Seasonal Chart

BMO Equal Weight REITs Index ETF (TSE:ZRE.TO) Seasonal Chart

Surge Energy Inc. (TSE:SGY.TO) Seasonal Chart

Whitecap Resources Inc. (TSE:WCP.TO) Seasonal Chart

iShares S&P/TSX Capped Energy Index ETF (TSE:XEG.to) Seasonal Chart

iShares North American Natural Resources ETF (NYSE:IGE) Seasonal Chart

iShares U.S. Oil & Gas Exploration & Production ETF (NYSE:IEO) Seasonal Chart

Pason Systems, Inc. (TSE:PSI.TO) Seasonal Chart

BMO China Equity Index ETF (TSE:ZCH.TO) Seasonal Chart

iShares S&P/TSX Canadian Preferred Share Index ETF (TSE:CPD.TO) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks continued to drift lower into the Tuesday session as end-of-year  portfolio transactions are conducted before the distractions surrounding the holidays begin.  The S&P 500 Index shed three-tenths of one percent, pulling back from the record closing high charted on Friday.  Support is being encroached upon at the 20-day moving average (5995).  The benchmark has now moved below the gap that was charted last week between 6051 and 6065 and focus is now appropriate on levels surrounding the psychologically important 6000 level.  While not definitive that the short-term trajectory of the benchmark has shifted (unlikely ahead of the Santa Claus rally period), the benchmark is moving below rising trendline support that stems from the November 19th low.  On a intermediate-term basis, 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