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: Open Text Corporation (TSE:OTEX) Seasonal Chart Pulte Homes, Inc. (NYSE:PHM) Seasonal Chart Avery Dennison Corporation (NYSE:AVY) Seasonal Chart Cyanotech Corp. (NASD:CYAN) Seasonal Chart Viad Corp. (NYSE:VVI) Seasonal Chart The Markets Stocks closed mixed on Monday as investors continued to analyze ongoing geopolitical concerns and looked ahead to earnings that will be released in the week ahead. The S&P 500 Index closed down by 0.43%, ending below its 200-day moving average. Financials and REITs were the biggest drags on the broad market benchmarks, highlighting the dilemma that investors are battling with respect to rates. Despite only a marginal decline in rates during the session, the SPDR S&P Bank ETF plunged by 2.84%, continuing a parabolic decline that originated from the breakdown of the trading range between $46 and $51. Downside target based on the break of the trading range is to $41, which at this point is close to being achieved. The ETF is presently the most oversold since January of 2016, just prior to the 60%+ gain that was achieved in the year that followed. The financial sector may present an important tell of whether risk sentiment has returned to equity markets, an important trait of the best six month trend for stocks that is upon our doorstep. Seasonally, the bank industry benefits from positive tendencies starting around the end of November. Monday’s mixed outing follows what should have been a positive handoff from stocks in China. The Shanghai Composite surged by over four percent, following through with Friday’s reversal session that saw the benchmark gain 2.58% after initially opening lower. Outside reversals from a parabolic decline are typically indicative of bottoming patterns. Resistance is overhead at declining 20 and 50-day moving averages, levels that if broken could entice investors back into the struggling emerging market. Seasonally, the Shanghai Composite benefits from seasonal strength in the first half of the year, outperforming North American benchmarks in the process. $SSEC Relative to the S&P 500 Sentiment on Monday, as gauged by the put-call ratio, ended bearish at 1.07. Seasonal charts of companies reporting earnings today: S&P 500 Index TSE Composite