The percent of stocks trading above 20-day moving averages has fallen to near oversold territory, providing an appealing setup to buy into beaten down market segments for the Santa Claus Rally period ahead.

*** 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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Darden Restaurants, Inc. (NYSE:DRI) Seasonal Chart

Suncor Energy, Inc. (TSE:SU.TO) Seasonal Chart

iShares S&P/TSX 60 Index ETF (TSE:XIU.TO) Seasonal Chart

Black Diamond Group Ltd. (TSE:BDI.TO) Seasonal Chart

Lundin Mining Corp. (TSE:LUN.TO) Seasonal Chart

Cooper Cos. Inc. (NYSE:COO) Seasonal Chart

Global Payments, Inc. (NYSE:GPN) Seasonal Chart

Paramount Resources Ltd. (TSE:POU.TO) Seasonal Chart

Touchstone Exploration, Inc. (TSE:TXP.TO) Seasonal Chart

Timken Co. (NYSE:TKR) Seasonal Chart

AllianceBernstein Holding LP (NYSE:AB) Seasonal Chart

Royal Bank Of Canada (NYSE:RY) Seasonal Chart

Toronto Dominion Bank (NYSE:TD) Seasonal Chart

SSR Mining Inc. (NASD:SSRM) Seasonal Chart

Imperial Oil Ltd. (AMEX:IMO) Seasonal Chart

New Flyer Industries Inc. (TSE:NFI.TO) Seasonal Chart

Diamondback Energy, Inc. (NASD:FANG) Seasonal Chart

Jacobs Engineering Group Inc. (NYSE:J) Seasonal Chart

Osisko Gold Royalties Ltd. (NYSE:OR) Seasonal Chart

iShares S&P/TSX Small Cap Index ETF (TSE:XCS.TO) Seasonal Chart

iShares S&P/TSX Global Gold Index ETF (TSE:XGD.TO) Seasonal Chart

iShares S&P/TSX Capped Materials Index ETF (TSE:XMA.TO) Seasonal Chart

VanEck Vectors Gold Miners ETF (NYSE:GDX) Seasonal Chart

Vanguard S&P Mid-Cap 400 Growth ETF (NYSE:IVOG) Seasonal Chart

Global X Silver Miners ETF (NYSE:SIL) Seasonal Chart

Tencent Music Entertainment Group (NYSE:TME) Seasonal Chart

Canadian Natural Resources (NYSE:CNQ) Seasonal Chart

Cheniere Energy, Inc. (AMEX:LNG) Seasonal Chart

Landstar System, Inc. (NASD:LSTR) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks hovered around the flat-line on Friday, showing no meaningful movement as portfolio managers continue to enact their end-of-year portfolio transactions before the distractions surrounding the holidays begin.  The S&P 500 Index was unchanged (0.0%), holding just below the recent high charted around 6100.  Support at the 20-day moving average (6008) continues to underpin this market, keeping the market positioned to buy upon each test.  The short-term upside gap that was opened on Wednesday between 6045 and 6060 continues to be tested as a point of support.  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