• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Stocks

A Reason to Be Thankful: Positive Seasonality

Names like Tesla, Deere, and Dominos Pizza gave the bulls some things to celebrate.
By JAMES "REV SHARK" DEPORRE
Nov 23, 2022 | 04:29 PM EST
Stocks quotes in this article: TSLA, DE, DPZ

The odds favored positive seasonality on the day before Thanksgiving, and that was what we had.

The indexes dipped suddenly at mid-day but bounced back strongly on the release of the minutes of the last Fed meeting.

The Fed minutes didn't contain anything new or surprising, but the market was reassured to hear the same message again that there is a likelihood that the level of interest rate hikes is likely to slow, but the terminal rate may eventually go higher down the road. The market likes the idea of a 0.5% hike in December rather than 0.75%, even if it leads to more hikes at a later time.

The action was pretty standard seasonal strength. Breadth was around 5,300 gainers to 2,800 decliners, and there were limited pockets of momentum. The action was primarily index-driven, but a few names like Tesla (TSLA) , Deere (DE) , and Dominos Pizza (DPZ)  gave the bulls some things to celebrate.

Positive seasonality continues on Friday, but the S&P 500 is running into overhead resistance at its 200-day simple moving average, and we have Fed Chair Jerome Powell speaking next Thursday. The bulls may be able to keep this running, but it is going to be tough without seasonality and a friendly Fed.

The bulls are still looking for end-of-year strength combined with poor positioning to keep things running up, but the Covid issue in China and the macroeconomic situation are still major headwinds.

Have a great Thanksgiving, and look for my special holiday column tomorrow.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, DePorre had no position in any security mentioned.

TAGS: Stocks | Investing

More from Stocks

So Far My Tax-Loss Selling Recovery Strategy Is Paying Off Big-Time

Jonathan Heller
Feb 4, 2023 12:30 PM EST

Here's how I'm making out on these names that were down at the end of last year.

How to Trade an Irrational Market

James "Rev Shark" DePorre
Feb 4, 2023 10:00 AM EST

The crowd of investors is often irrational, but most of the time it's right.

In a Week Full of Surprises, This Was the Market's Biggest

James "Rev Shark" DePorre
Feb 3, 2023 4:42 PM EST

We had the Fed's rate decision, jobs numbers, and mega-cap tech earnings land. But here's what was the wildest action.

3 High-Yield REITs for Safe Dividend Income

Bob Ciura
Feb 3, 2023 2:31 PM EST

These names have joined the ranks of the world's most elite dividend growth companies as Dividend Aristocrats and/or Dividend Kings.

Holy Fed, Batman! FAANG Has a Major Toothache!

Jim Collins
Feb 3, 2023 12:23 PM EST

Here's why the markets are sounding a lot like the campy 'Batman' show -- and how to make sure you don't succumb to the market's Joker.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 02:58 PM EST REAL MONEY

    Sarge Guilfoyle Breaks Down the Jobs Report, Fed Policy and Stocks!

    Watch it here!
  • 11:35 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Trading an Irrational Market
  • 02:10 PM EST REAL MONEY

    Fed Rate Decision

    Fed Lifts Benchmark Rate by 25 Basis Points, Sees ...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login