S&P 500: Index Indicates Positive Trend, Momentum Indicators Signalling Sell

by Don Vialoux, TechTalk

Upcoming US Events for Today:

  • ā€¢ The FHFA House Price Index for December will be released at 9:00am. The market expects a month-over-month increase of 0.7% versus an increase of 0.6% previous.
    ā€¢ Case-Shiller 20-city Index for December will be released at 9:00am. The market expects a year-over-year increase of 6.8% versus an increase of 5.5% previous.
    ā€¢ New Home Sales for January will be released at 10:00am. The market expects 381K versus 369K previous.
    ā€¢ Consumer Confidence for February will be released at 10:00am. The market expects 61.0 versus 58.6 previous.
    ā€¢ Richmond Fed Manufacturing Index for February will be released at 10:00am. The market expects ā€“3 versus ā€“12 previous.
    ā€¢ Federal Reserve Chairman Ben Bernanke to deliver his semi-annual testimony before Senate Banking Committee in Washington at 10:00am.

Upcoming International Events for Today:

ā€¢ New Zealand Trade Balance for January will be released at 4:45pm EST. The market expects 125M versus 486M previous.
ā€¢ Japanese Retail Sales for January will be released at 6:50pm EST. The market expects a year-over-year decline of 0.8% versus an increase of 0.4% previous.

Screen Shot 2013-02-26 at 10.26.22 AM

The Market

No commentary will be offered today.

 

Seasonal Charts of Companies Reporting Earnings Today:

AWK CAS AMT AZO BMO EXPD AG HD LDL M PCS RSH RBA SKS TDS THC DWA EIX FSLR JAZZ PZZA PCLN RRC VICR WFT

 

S&P 500 Index

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Chart Courtesy of StockCharts.com

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TSE Composite

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Chart Courtesy of StockCharts.com

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Horizons Seasonal Rotation ETF (TSX:HAC)

    ā€¢ Closing Market Value: $13.00 (

down 1.59%

    )

 

    ā€¢ Closing NAV/Unit: $13.01 (

down 1.63%

    )

Performance*

2013 Year-to-Date Since Inception (Nov 19, 2009)
HAC.TO 2.28% 30.1%

* 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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