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Uranium stocks over the last 3-4 weeks have started to pick up. Their seasonal strength is from around the end of October through until usually January of each year. Chart shows there is a nice little period of seasonal strength taking place currently. This should continue until early January.
The strongest sector in the US for the month of December is the industrial sector. Seasonality is from October 28 to the end of December, takes a bit of a break in January and then takes off again from February to May. Technically, the chart shows that it is currently outperforming the market, trending higher and above its 20 day moving average.
Chose this because during the last 4 weeks, the Dow has been outperforming the S&P 500 a little. Thinks there is a really good reason for this and it will continue at least until January. It has to do with something that happened today in the market. These companies have tons of cash which is starting to burn a hole in their pockets. Many of these companies are probably going to be announcing share buybacks when they release their 4th quarter results. That whole area is getting lined up for anticipation of good news.
Do medical stocks have seasonality? There are a couple of specialty healthcare ETFs that are just coming into their seasonal strength. One is iShares US Healthcare Providers (IHF-N) which has seasonal strength from now, right through until the end of January. The other is iShares US Medical Devices (IHI-N) with seasonal strength from the end of November until the middle of February. Both of these have very, very strong seasonality during that time.
Doesn’t know the seasonality on this. Technically, the chart shows that it is going down, trading below its 20 day moving average and is underperforming the TSX. Not a good situation to own right now.