Technical Talk: S&P 500 Continuing to Defy Logic

Upcoming US Events for Today:

  • No Significant Events Scheduled

 

Upcoming International Events for Today:

  1. German PPI for April will be released at 2:00am EST. The market expects a year-over-year increase of 0.2% versus an increase of 0.4% previous.
  2. Great Britain CPI for April will be released at 4:30am EST. The market expects a year-over-year increase of 2.6% versus an increase of 2.8% previous. PPI Output is expected to show a year-over-year increase of 1.4% versus an increase of 2.0% previous.
  3. Japanese Merchandise Trade for April will be released at 7:50pm EST. The market expects -ÂĽ594.3B versus -ÂĽ362.4B previous.

Screen Shot 2013-05-21 at 10.26.54 AM

 

The Markets

Seasonal charts of companies reporting earnings today:

AZO BBY DKS HD MDT MNRO NM RRGB SKS TECD TDW TJX RMCF ADI CPWR CSS INTU LAKE UVV

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

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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)

  • Closing Market Value: $13.37 (down 0.07%)
  • Closing NAV/Unit: $13.36 (down 0.07%)

Performance*

2013 Year-to-Date Since Inception (Nov 19, 2009)
HAC.TO 5.03% 33.6%

* 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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