The gamma exposed tailwind may be set to go away following options expiration, lending to the normal consolidation/digestion of strength in equity prices during the middle of May.
*** 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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Stock Highlight:
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- Optimal holding period from May 17th to September 21st
- The stock has broken above a long-term declining trend this week; a double-bottom pattern on the chart projects an initial upside target of $8.00
- The developer of power converter solutions should be considered highly speculative given that it has yet to reach profitability, but it is within a hot segment of the market/economy amidst ongoing electrification initiatives surrounding AI
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Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.
Note: ‘Tis the Season for May long weekends. Our schedule will be disrupted over the next couple of weeks, first from the Victoria Day long weekend that is now upon us and the Memorial Day long weekend thereafter. As a result, there will be no report published this weekend, however, our Weekly Chart Books will be updated and published on schedule on Sunday night. We will have our write-up on the chartbook updates in our intraday report to subscribers on Monday and our next daily Market Outlook report will be released on Tuesday. If you are celebrating this weekend, enjoy and we will catch-up with you next week. Stay on top of our social media (@EquityClock on X, StockTwits, Reddit, Instagram, and Bluesky) for any commentary/important developments in the interim.
Super Simple Seasonal Portfolio
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