Vialoux's Technical Talk: April 30, 2014

Interesting Charts

The TSX Financial Services Index led strength in the TSX
Composite Index yesterday. Scotia Bank and TD Bank broke to
all-time highs.

Equity Markets in the Month of
May

May has a history of mixed performance for U.S. equity
markets and higher than average performance for Canadian
equity markets. May is the fifth best performing month of
the year for the NASDAQ Composite Index during the past 40
years and eighth best for the S&P 500 Index and Dow Jones
Industrial Average during the past 62 years. It also is the
second best performing month for the TSX Composite Index
during the past 27 periods. During the past 10 periods,
average returns per period were -0.7% for the Dow, -0.3% for
the S&P 500, +0.3% for the NASDAQ Composite and +1.3% for
the TSX Composite Index.

Best performing sectors in May since 1990 were Consumer
Staples and Health Care. Worst performing sectors were
Utilities and Telecom.

Best performing sub-sectors are Banks, Agriculture and
Biotech. Worst performing sub-sectors were Homebuilders,
Silver and Semiconductors.

Best performing days in the month for the S&P 500 Index
were the first three trading days and the last two trading
days. On average, remaining days recorded negative returns.

On average during the past 62 years, U.S. and Canadian equity
markets reach a seasonal peak on May 5^th.

Yesterday’s Tweets

Mixed technical action by S&P 500 stocks this
morning. Breakouts were $CCL, LO, $OXY,$ALL,$PCL,$CMI.
Breakdowns were $COH, $JEC, $PCAR, $ROK

New Service offered by Tech Talk and
Horizons

Tech Talk has developed a weekly report showing Seasonal and
Technical influences on Horizons’ BetaPro products.
Technicals in the weekly report include Trend, Momentum,
Strength relative to the S&P 500 Index and 20 day moving
average. The report is color coded to show changes from one
weekly report to another. Following is a link. Enjoy.

http://www.horizonsetfs.com/campaigns/TechnicalReport/index.html

FP Trading Desk Headlines

FP Trading Desk headline reads, “David Rosenberg is not
bearish”. Following is a link:

http://business.financialpost.com/2014/04/29/david-rosenberg-is-not-bearish/

FP Trading Desk headline reads, “Better results signal
strength for S&P 500”. Following is a link:

http://business.financialpost.com/2014/04/29/better-results-signal-strength-for-sp-500/

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/

Following is an example:

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 Investment 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 Investment Management (Canada)
Inc.

Twitter comments (Tweets) are not offered on
individual equities held personally or in HAC.

Horizons Seasonal Rotation ETF HAC April
29^th 2014