Performance of the equity market during the month of February is typically lacklustre with the S&P 500 Index averaging a gain of a mere 0.1%, on average, over the past five decades.
*** 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 reversed early gains on Friday as investors expressed their concern over the implementation of tariffs on Canada, Mexico, and China that are slated to take effect on Saturday. The S&P 500 Index shed half of one percent, holding levels above the 20-day moving average (5979). The variable hurdle also closely aligns with previous short-term declining trendline resistance around 5975, a barrier that capped the benchmark over the past month. A reversal within the limits of the open gap that was opened during Monday’s selloff between 6017 and 6088 highlights the significance of this zone as resistance; traders are likely to look to sell into this zone through the days/weeks ahead as broader momentum dwindles. Momentum indicators have negatively diverged from price since the middle of last year, highlighting the waning enthusiasm investors had been expressing towards tech-heavy benchmarks, like this, amidst extreme valuations. We continue to monitor the potential impact of the apparent rotation in the market on our list of candidates in the market to Accumulate and to Avoid and we are still expecting that our list will show more of a neutral appearance through the weeks ahead as segments that were previously noted as Accumulate candidates fall off (eg. Technology), potentially replaced by some value segments of the market, and as areas to Avoid are added.
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
