The breakout from the declining trend for interest rates is being put to the test.

*** 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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FMC Corp. (NYSE:FMC) Seasonal Chart

Insperity, Inc. (NYSE:NSP) Seasonal Chart

Healthcare Leaders Income ETF (TSE:HHL.TO) Seasonal Chart

iShares MSCI Eurozone ETF (NYSE:EZU) Seasonal Chart

BMO Low Volatility International Equity ETF (TSE:ZLI.TO) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks closed slightly mixed on Tuesday as traders struck a cautionary tone amidst the escalation of the tariff war following signing of executive orders pertaining to steel and aluminum on Monday; reciprocal tariffs on goods from other countries are also expected to be signed off on imminently.  The S&P 500 Index closed essentially unchanged, continuing to gyrate above support at the 20-day moving average (~6032).  The benchmark remains below a short-term cap at 6100 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 have adopted more of a neutral stance as segments that were previously noted as Accumulate candidates fall off (eg. Technology) and as areas to Avoid are added.

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite