Risk aversion bubbling up in the market on cue for the back half 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 25th to September 6th
- In the past month, the stock broken above long-term declining trendline resistance after deriving double-bottom support at 57. Stop loss appropriate at the 50-week moving average of 62.
- Revenue and Free Cash Flow for this REIT company have shown year-over-year gains. The rise in interest rates remains the obvious threat against this sector, but the price action has shown resilience, thus far.
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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 again in the days ahead with the Memorial Day long weekend. As a result, there will be no report published on Monday and our weekly chartbook updates 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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