The time is here to be bullish on Energy.
*** 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 jumped on Wednesday following the release of an as expected consumer price index for November, a result that enticed investors to ramp up expectations for a rate cut at the Fed’s next meeting. The S&P 500 Index closed higher by just over eight-tenths of one percent, reaching back towards recent highs charted around 6100. Support at the 20-day moving average (6000) continues to underpin this market, keeping the market positioned to buy upon each test. A short-term upside gap has been opened between 6045 and 6060, defining another point of support below the market to keep it on a positive tilt. 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.
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
