Orders of Technology Goods showing the strongest pace on record through the first four months of the year and this is enticing businesses to rollout employment opportunities.

*** 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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Atlassian Corp. (NASD:TEAM) Seasonal Chart

Spin Master Corp. (TSE:TOY.TO) Seasonal Chart

 

Super Simple Seasonal Portfolio

 

The Markets

Stocks edged higher during a quiet Tuesday session as investors kept an ear open for any trade developments that may materialize.  The S&P 500 Index gained just less than six-tenths of one percent, continuing to test the band of resistance between 5900 and 6100.  Again, the moves over the past few days, albeit slight, are providing hint that the short-term rising trend stemming from the April lows is coming to an end with the 50-hour moving average no longer enticing the type of buying demand that has been observed over the past month and a half; a digestive period heading into the end of the second quarter is is still foreseeable before the summer rally period in July gets underway at the end of this month.  Upside gap support around 5700 remains the critical level to watch over the short-term timeframe given a violation of the implied level of support would lead to a resumption of the strains that the intermediate-term trend has been portraying since the start of the year.  Our list of candidates in the market that are worthy to Accumulate continues to perform well and, this week, only a few ratings changes were required.

 

 

Seasonal charts of companies reporting earnings today:

 

S&P 500 Index

 

TSE Composite