The market is at a critical juncture and a near-term trade in this inverse ETF ranks well from a risk-reward perspective. 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. Par Pacific Holdings Inc. (NYSE:PARR) Seasonal Chart Invesco S&P SmallCap 600 Equal Weight ETF (AMEX:EWSC) Seasonal Chart Apple Hospitality REIT, Inc. (NYSE:APLE) Seasonal Chart Cheesecake Factory Inc. (NASD:CAKE) Seasonal Chart Renasant Corp. (NASD:RNST) Seasonal Chart SP Plus Corp. (NASD:SP) Seasonal Chart Matrix Service Co. (NASD:MTRX) Seasonal Chart ASGN Inc. (NYSE:ASGN) Seasonal Chart Granite Construction Inc. (NYSE:GVA) Seasonal Chart The Markets Stocks closed mixed on Monday as traders battle with levels of resistance overhead on major market benchmarks. The S&P 500 Index ended down by a tenth of one percent, reversing early session gains that saw the large-cap benchmark test levels around the May/June highs in what is a critical test of the sustainability of the intermediate-term trend of lower-lows and lower-highs that has dominated in the market this year. Momentum indicators continue to show signs of upside exhaustion as market participants step back from their recent buying binge that has followed the oversold bounce from the June lows. Digestion of the recent gains at this juncture is seen as highly probable, but any retracement that remains above the June lows would be viewed as positive, signalling the potential shift of the negative trajectory that has been persistent this year. Support is tentatively pegged at the now rising 50-day moving average, now at 3945. Today, in our Market Outlook to subscribers, we discuss the following: Market breadth indicators signalling a shift of the intermediate-term trend of stocks Horizontal hurdles of significance being tested and the short-term trade with enticing risk-reward Upgrades and downgrades in this week’s chart books Waste & Disposal Services industry Subscribers can look for this report in their inbox or by clicking on the following link and logging in: Market Outlook for August 9 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 neutral at 0.96. Seasonal charts of companies reporting earnings today: S&P 500 Index TSE Composite