(Editorâs Note: Mr. Vialoux is scheduled to appear on BNN Television today at 1:30 PM EST)
Interesting Charts
Although equity indices on both sides of the border were mixed yesterday, economically sensitive sectors and subsectors recorded significant technical improvement:
¡ Short term support levels are developing
¡ Short term momentum indicators are improving from oversold levels
¡ Their strength relative to the S&P 500 Index has turned positive.
¡ Prices are moving above 20 and 50 day moving averages
¡ Their seasonal influences recently turned positive
In contrast, sectors that are considered less economically sensitive (e.g. utilities, telecom) are under technical pressure.
Also, uranium equities and related ETFs remain under pressure.
Prairie Crop Charts
Following is a link to a site that focuses on charts on specialty grain crops. Technical comments are offered by Harold Davis. Notice the comments on seasonality.
http://www.prairiecropcharts.com/index.html
Special Free Services available through www.equityclock.com
Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices.
To login, simply go to http://www.equityclock.com/charts/
Consumer Discretionary Sector Seasonal Chart
FP Trading Desk Headline
FP Trading Desk headline reads, âWhy Canadian stocks should continue to outperform U.S. equitiesâ. Following is a link:
Disclaimer: Comments and opinions offered in this report at www.timingthemarket.ca 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 for Horizons Investment Management Inc. All of the views expressed herein are the personal views of the authors and are not necessarily the views of Horizons Investment Management Inc., although any of the recommendations found herein may be reflected in positions or transactions in the various client portfolios managed by Horizons Investment Management Inc
Horizons Seasonal Rotation ETF HAC November 5th 2012
