Technical Talk: TSX Has Broken Out, Forming Triple Top

Upcoming US Events for Today:

  1. Flash PMI Manufacturing Index for July will be released at 8:58am. The market expects 52.8 versus 52.2 previous.
  2. New Home Sales for June will be released at 10:00am. The market expects 481K versus 476K previous.
  3. Weekly Crude Inventories will be released at 10:30am.

 

Upcoming International Events for Today:

  1. German Flash PMIs will be released at 3:30am EST. The market expects Manufacturing PMI to show 49.0 versus 48.6 previous. Services PMI is expected to show 50.6 versus 51.3 previous.
  2. Euro-zone Flash PMIs will be released at 4:00am EST. The market expects Manufacturing PMI to show 49.0 versus 48.7 previous. Services PMI is expected to show 48.6, consistent with the previous report.
  3. Reserve Bank of New Zealand Rate Decision will be released at 5:00pm EST. The market expects no change at 2.50%.

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The Markets

Seasonal charts of companies reporting earnings today:

ATI ABC BA CP CAT DAL DPS LLY EMC F GD NDAQ NOC OC PEP TUP LCC WYN GSK AEM COG OI

Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.93.

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S&P 500 Index

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TSE Composite

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Horizons Seasonal Rotation ETF (TSX:HAC)

  • Closing Market Value: $13.70 (unchanged)
  • Closing NAV/Unit: $13.69 (up 0.04%)

Performance*

2013 Year-to-Date Since Inception (Nov 19, 2009)
HAC.TO 7.65% 36.9%

* performance calculated on Closing NAV/Unit as provided by custodian

Click Here to learn more about the proprietary, seasonal rotation investment strategy developed by research analysts Don Vialoux, Brooke Thackray, and Jon Vialoux.

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