Major benchmarks are testing resistance at their summer highs, a logical point for near-term digestion before the next period of seasonal strength begins. Real Time Economic Calendar provided by Investing.com. *** 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: Subscribers – Click on the relevant link to view the full profile. Not a subscriber? Signup here. Algonquin Power & Utilities Corp. (NYSE:AQN) Seasonal Chart New Flyer Industries Inc. (TSE:NFI.TO) Seasonal Chart iShares U.S. Consumer Goods ETF (NYSE:IYK) Seasonal Chart Invesco KBW High Dividend Yield Financial ETF (NASD:KBWD) Seasonal Chart Global X SuperDividend ETF (AMEX:SDIV) Seasonal Chart iShares MSCI Global Agriculture Producers ETF (AMEX:VEGI) Seasonal Chart Barrick Gold Corp. (TSE:ABX.TO) Seasonal Chart Canfor Corp. (TSE:CFP.TO) Seasonal Chart Skechers Usa, Inc. (NYSE:SKX) Seasonal Chart Interfor Corp. (TSE:IFP.TO) Seasonal Chart BMO Equal Weight Utilities Index ETF (TSE:ZUT.TO) Seasonal Chart Lennar Corp. (NYSE:LEN) Seasonal Chart The Markets Stocks closed lower on Monday as investors took a breather following the sharp rally that was realized last week. The S&P 500 Index closed lower by nine-tenths of one percent, peeling back towards recently broken horizontal resistance at 3900. Major moving averages are gradually feeling the pull of last week’s upside breakout with the 50 and 100-day moving averages starting to join the 20-day with a positive slope. The short-term trend is deemed to be positive, supported by the rising 20-day moving average, with an upside target suggested by a cup-and-handle pattern pointing to 4200. Momentum indicators are attempting to shake off their bearish characteristics that have been maintained over the past few months and are moving above their middle lines for the first time since August. The technicals are still providing plenty to be encouraged of, but a near-term digestion of the recent strength is viewed as likely before the next seasonal uptick in the market is realized. Today, in our Market Outlook to subscribers, we discuss the following: Major benchmarks testing resistance at their summer highs Copper Notable ratings changes in this week’s chart books: Find out what has been upgraded to Accumulate this week, how to play it via an ETF, and the upside target of the seasonal trade The break of this year parabolic trend in the currency market Investor sentiment Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for November 15 Not signed up yet? Subscribe now to receive full access to all of the research and analysis that we publish. Want to know which areas of the market to buy or sell? Our Weekly Chart Books have just been updated, providing a clear Accumulate, Avoid, or Neutral rating for currencies, cryptocurrencies, commodities, broad markets, and subsectors/industries of the market. Subscribers can login and click on the relevant links to access. Currencies Cryptocurrencies Commodities Major Benchmarks Sub-sectors / Industries Subscribe now. Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.84. Seasonal charts of companies reporting earnings today: S&P 500 Index TSE Composite