TSX Resistance Apparent at 12,900 - Stage Set for New High in U.S. Stocks

Upcoming US Events for Today:

1. Pending Home Sales for February will be released at 10:00am. The market expects a month-over-month decline of 0.7% versus a gain of 4.5% previous.
2. Weekly Crude Inventories will be released at 10:30am.

Upcoming International Events for Today:

1. Great Britain GDP for the Fourth Quarter will be released at 5:30am EST. The market expects a year-over-year increase of 0.3%, consistent with the previous report.
2. Euro-Zone Economic Sentiment for March will be released at 6:00am EST. The market expects 90.0 versus 91.1 previous. Consumer Sentiment is expected to show –24.0 versus –23.6 previous.
3. Canadian Consumer Price Index for February will be released at 8:30am EST. The market expects a year-over-year increase of 0.8% versus an increase of 0.5% previous.
4. Japan Retail Sales for February will be released at 7:50pm EST. The market expects a year-over-year decline of 1.3% versus a decline of 1.1% previous.

The Markets
Further commentary to follow.

Seasonal charts of companies reporting earnings today:

Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.79.

S&P 500 Index

Chart Courtesy of StockCharts.com

TSE Composite

Chart Courtesy of StockCharts.com

Horizons Seasonal Rotation ETF (TSX:HAC)

• Closing Market Value: $13.45 (up 0.60%)
• Closing NAV/Unit: $13.44 (up 0.47%)

Performance*

* 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.

Copyright © Don Vialoux, TechTalk