by Don Vialoux, Timing the Market
Interesting Charts
Another REIT breaks to an all-time high. ‘Tis the season!
Agriculture stocks have started to outperform the market and selected stocks in the sector are breaking to new highs.
StockTwits Released Yesterday
Nice breakout by $IBB above $266.43 to a six month high! ‘Tis the season!
$IBB was helped by a break by $CELG above $90.50 to an all-time high.
$COMPQ broke resistance at 4,485 to a 13 year high. New highs by stocks such as $YHOO have helped.
Nice breakout by $AAPL above $98.95 to an all-time high. ‘Tis the season!
Nice breakout by $XLV above $62.48 to an all-time high!. ‘Tis the season for real and relative strength.
Nice breakout by $COW.CA above $29.57 Cdn. ‘Tis the season for Ag stocks!
Technicals by S&P stocks to 10:45 were bullish. 13 stocks broke resistance including $DG, $FOXA, $PG, $CELG, $MAS, $UNP, $EMC, $VRSN, $NUE.
Technical action by Individual Equities
By the close 17 S&P 500 stocks had broken resistance and none broke support.
Two TSX 60 stocks broke resistance (ARX, CP) and none broke support.
Tech Talk/Horizons’ Weekly Seasonal/Technical Sector Review
Following is a link:
http://www.horizonsetfs.com/campaigns/TechnicalReport/index.html
Adrienne Toghraie’s “Trader’s Coach” Column
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Darkest Before the Dawn
By Adrienne Toghraie, Trader’s Success Coach
When we look back at the struggles, disappointments, sadness and setbacks in our lives, we see a pattern of how we handled those dark days. For some people suffering becomes a way of life for a long time before they are able to see the light. Others are able to make the best of a difficult situation and the healing process is relatively short. In some cases the difficult situation was a good thing.
Dark periods affect trading performance
For a person who trades the markets, difficult times in life will affect trading performance because of:
· Depression of spirit
· Lack of focus
· Feelings that you do not deserve or want to be happy
· Judgment of other people
· The need to sacrifice yourself
· Sabotage issues more prevalent
· Need to put your attention to other areas of your life
It is appropriate to stop trading or risk less during this period of time. What you need to ask yourself is:
· How long do you feel you need to stay in this depression and why?
· Are you going through this depression because of yourself or others?
· What was the key task that lifted you out of depression other times in your life?
· What will it take for you to allow yourself to be healed in a shorter period of time?
Here are some of the issues that affect a trader’s performance:
· Change of any kind
· Losses in trading and life
· Realizing your strategy does not work
· Personal issues such as losing significant people, illness
· Lack of support of people in your life
Handling life change issues
The world changed for George, who was a trader in Greece, when the government went bankrupt. He was just going to be able to give up his job and become a full-time trader with the sale of one of his properties. Suddenly, the buyer backed out, his wife lost her job, his paycheck from the Government was reduced by one third, and his country was in an emotional depression. To make matters worse, each member of his extended family and friends looked to George for moral support, because they saw him as the strong one.
Family sacrifices had to be made and one of them was that George would not be able to trade for awhile. Each member of the family found it difficult to make the adjustments necessary, but they worked as a family to find the blessings they had in each other. In George’s case there were so many issues that he had to deal with that the only smart thing to do was give up his dream for being a full-time trader for awhile.
What George did to make the dawn arrive earlier than most of the people of Greece was:
· Have each member of his immediate family be willing to make sacrifices for the good of the family unit
· Make an agreement between family members that each one would take the responsibility to contribute to making the other family members happy as well as themselves
· Each member of the family agreed to support each other in helping to keep dreams alive by doing something each day to make their personal dreams come true
George was able to get a job at a higher pay in the private sector. He readjusted his strategy to swing trading and now trades two hours a day. The best reward from the upheaval of his life came from experiencing the love and support of his family and their bond became stronger.
Conclusion
Whatever issues you are dealing with in your life as a trader, if you take a proactive choice in doing whatever is necessary to heal yourself in the shortest possible time, the dawn will break in your life sooner. You will become stronger minded, and as a result, come out of the difficult time sooner and have less time off from your
Adrienne’s Free Webinars
Adrienne presents free webinars on the psychology of trading
Email Adrienne@TradingOnTarget.com
Monitored Technical/Seasonal Trade Ideas
Sell/Short XLI was deleted from the list because its technical score fell below 1.5. Since recommended on July 28th the short trade lost 0.56%.
A security must have a Technical Score of 1.5 – 3.0 to be on this list.
Green: Increased Technical Score
Red: Reduced Technical Score
Disclaimer: Comments, charts and opinions offered in this report by www.timingthemarket.ca and www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed. Don and Jon Vialoux are Research Analysts with Horizons ETFs Management (Canada) Inc. All of the views expressed herein are the personal views of the authors and are not necessarily the views of Horizons ETFs Management (Canada) Inc., although any of the recommendations found herein may be reflected in positions or transactions in the various client portfolios managed by Horizons ETFs Management (Canada) Inc.
Individual equities mentioned in StockTwits are not held personally or in HAC.
Horizons Seasonal Rotation ETF HAC August 18th 2014
Copyright © Don Vialoux, Jon Vialoux, Brooke Thackray
