Does the strategy of “Sell In May and Go Away” work? Find out the truth in today’s report. 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. Ryder System, Inc. (NYSE:R) Seasonal Chart Cerner Corp. (NASD:CERN) Seasonal Chart Vertex Pharmaceuticals Inc. (NASD:VRTX) Seasonal Chart Genesis Energy L P (NYSE:GEL) Seasonal Chart Ennis Business Forms, Inc. (NYSE:EBF) Seasonal Chart Reading Intl, Inc. (NASD:RDI) Seasonal Chart Westport Fuel Systems Inc. (NASD:WPRT) Seasonal Chart Alleghany Corp. (NYSE:Y) Seasonal Chart iShares U.S. Consumer Goods ETF (NYSE:IYK) Seasonal Chart SPDR S&P Health Care Equipment ETF (NYSE:XHE) Seasonal Chart Equitable Group Inc. (TSE:EQB.TO) Seasonal Chart Horizon Technology Finance Corp. (NASD:HRZN) Seasonal Chart The Markets Stocks shook off mid-week concerns to close solidly higher in the last session of the trading week, keeping this erratic pattern of abrupt daily gains and losses alive. The S&P 500 Index closed with a gain of 1.09%, continuing to show a reaction to rising trend-channel resistance overhead. Support at rising 20 and 50-day moving averages are encroaching on price, now just 2.1% and 5.1% below present levels. In the past week, sell signals were recorded with respect to MACD and the Relative Strength Index (RSI), suggesting a short-term hiatus in buying demand. The stall in the price action and the gyrations intraweek confirm. The long and intermediate term trends remain positive, but the short-term trend is under threat. Today, in our Market Outlook to subscribers, we discuss the following: The projected targets for the S&P 500 Index based on the short-term consolidation pattern and a weekly look at the large-cap benchmark New Home Sales in the US and how we want to play the strength in the home building stocks moving forward The Sell In May and Go Away strategy: The statistics behind it, does it work, what drives it, and the opportunities during this off-season for stocks Subscribe now and we’ll send this outlook to you. Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.80. Seasonal charts of companies reporting earnings today: S&P 500 Index TSE Composite