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Equity Clock

Equity Clock - Market Outlook for June 8, 2022

The next week will be a critical test as the runoff of assets from the Fed’s balance sheet withdraws liquidity from the market.

*** 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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Procter & Gamble Co. (NYSE:PG) Seasonal Chart

Procter & Gamble Co. (NYSE:PG) Seasonal Chart

Masimo Corp. (NASD:MASI) Seasonal Chart

Masimo Corp. (NASD:MASI) Seasonal Chart

SBA Communications Corp. (NASD:SBAC) Seasonal Chart

SBA Communications Corp. (NASD:SBAC) Seasonal Chart

Andrew Peller Ltd. (TSE:ADW/A.TO) Seasonal Chart

Andrew Peller Ltd. (TSE:ADW/A.TO) Seasonal Chart

BlackRock Core Bond Trust (NYSE:BHK) Seasonal Chart

BlackRock Core Bond Trust (NYSE:BHK) Seasonal Chart

 

 

Super Simple Seasonal Portfolio


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The Markets

Stocks closed firmly higher on Tuesday as investors shook off concerns pertaining to the health of the consumer following news that Target would have to take aggressive steps to trim unwanted inventories, including markdowns and the cancellation of orders.  The S&P 500 Index ended with a gain of nearly one percent, once again attempting to make progress above horizontal resistance at 4150.  As has been highlighted in recent days, a bull-flag setup remains on the chart, a pattern that has a higher probability of an upside resolution than a downside failure.  The flag portion to the setup continues to play out above the recently broken 20-day moving average, which provides an appropriate stop to our ramped up equity exposure enacted around the middle of May.  The upshoot to the bullish setup are to levels around the declining 50-day moving average, now at 4233, and horizontal resistance around 4280.  From there, we are likely to see another digestion of the price action before the average summer rally period begins around the end of June.  Our ramped up equity exposure continues to allow us to benefit from this rebound attempt, however, our desire remains to hold a higher allocation to risk for the summer rally period that is quickly approaching.

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Seasonal charts of companies reporting earnings today:

Brown Forman Corporation Seasonal Chart Campbell Soup Company Seasonal Chart Five Below, Inc. Seasonal Chart Thor Industries, Inc. Seasonal Chart Greif, Inc. Seasonal Chart ABM Industries Incorporated Seasonal Chart Ollie's Bargain Outlet Holdings, Inc. Seasonal Chart Oxford Industries, Inc. Seasonal Chart Yext, Inc. Seasonal Chart American Software, Inc. Seasonal Chart Vera Bradley, Inc. Seasonal Chart Quantum Corporation Seasonal Chart J. Jill, Inc. Seasonal Chart Daktronics, Inc. Seasonal Chart AstroNova, Inc. Seasonal Chart BEST Inc. Seasonal Chart Streamline Health Solutions, Inc. Seasonal Chart Crown Crafts, Inc. Seasonal Chart MIND Technology, Inc. Seasonal Chart

 

S&P 500 Index

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TSE Composite

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