Vialoux's Technical Talk: May 1, 2014

Interesting Charts

The Dow Jones Industrial Average closed at an all-time closing
high, surpassing its previously all-time closing high at 16,576
set on December 31^st 2013. Inter-day all-time high
is 16,631.63 set on April 4^th 2014

A contributing influence on the Dow was weakness in the U.S.
Dollar Index. Once again the Index is testing long term support
just above 79. Possible head and shoulders pattern?

Weakness in the U.S. Dollar also helped commodity based ETFs.
The TSX Metals and Mining Index briefly broke above resistance
at 867.73.

Tweets Released Yesterday

Mixed technicals by S&P this morning! 6 stocks broke
resistance: $GRMN,$FISV,$TSS,$IFF,IP,SEE. 5 broke support:
$BBBY,$BSX,$ESRX,$EBAY,$JBL

No significant breakout or breakdowns by S&P 500 stocks
following the FOMC announcement.

Technical Action by Individual Equities
Yesterday

By the end of the day, eight S&P 500 stocks broke
resistance and five stocks broke support. Notable were BBBY and
EBAY on the downside and IFF and SEE on the upside.

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Trading on the Edge

By Adrienne Toghraie, Trader’s Success
Coach

www.TradingOnTarget.com

Most everyone who has a passion for trading would like to
experience exceptional results consistently. Very few, however,
will do what is necessary to reach this level of success.
Excellence requires a high level of trust in a strategy and in
yourself and then goes one step beyond that. I think of it as
the “Let go, let God” method. You see many examples of this in
champion levels of sports, the performing arts and in science.
While the prize of greatness is tempting, it is not for
everyone. Those who not only want to conquer their technique
but also are willing to conquer themselves are few.

A Diamond in the Rough

Ray came from a neighborhood on the Chicago south side where if
you graduated from high school it was considered a major
achievement. His parents were both factory workers who had a
strong work ethic, which they passed on to their son. While
this was an admirable inheritance, they also believed that you
should not expect too much out of life. This protected them
from disappointment.

Ray was saved from a life of being in a gang because his
parents encouraged him to be active in their church. He was at
a meeting with another church group from the better side of
town when he met Matt. They instantly became buddies. Matt’s
father was a floor trader and took both his son and Ray under
his wing to teach them the trading business. Ray’s work ethic
was good for Matt and Matt’s mantra that the sky was the limit
was good for Ray. Eventually, they both became good floor
traders. While Ray was happy with his new station in life,
there was a part of him that knew that he wanted to be like the
best traders.

I spoke at the Chicago Mercantile Exchange where both Matt and
Ray attended. Matt made fun of what I had to say and wanted to
leave, but Ray encouraged him to stay and listen. My workshop
led to Ray purchasing my course and taking my Trader’s
Evaluation. What we discovered was that while Ray had many
attributes that would sustain good trading practices, he
limited his success by some of the beliefs he inherited from
his parents. I worked with Ray privately without Matt knowing
about it. Ray began to show extraordinary results, which he
tried to keep undercover from Matt. Several of Ray’s colleagues
noticed that Ray was taking larger positions that became
winners and wanted to know what the reason was for his good
results. These were traders who were too busy with happy hour
to come to my workshop. Ray just said that he was becoming more
comfortable taking larger risk.

After taking all I had to offer, Ray called me and said that he
wanted to kick it up a notch because he was still leaving money
on the table. In my twenty-one year career, I have had less
than twenty people who wanted to take trading to the highest
level. For the next three years we worked one to two days each
year. Now Ray is one of those elite traders who lives on the
edge between excellence and mastery.

The Superconscious Mind

When I work with a trader privately for the first time, my main
focus is on eliminating the self-sabotage that comes from past
issues. If and when I see a person privately a second time, we
work on any residual issues of self-sabotage that come between
them and their next level of success. If they are ready and
willing, we take it to the next performance level by working on
the superconscious mind. Part of this can entail reprogramming
core values of the past such as how they see themselves as
traders who are willing to accept mastery in their lives. Now,
it is important to note that this is not for everyone, because
this can dramatically change every part of a person’s life.

For Ray going for a state of mastery this was not an issue. He
did not have a wife and children and other members of his
family were on board for any changes for the better he wanted
to make. It did, however, affect his relationship with his
friend Matt. While Matt would claim that he believed that the
sky was the limit, he did not believe it for himself, and he
was uncomfortable that Ray had achieved it without him.

Conclusion

If trading mastery is your goal, realize that it is not a path
for everyone. It takes not only being an exceptional trader but
also mastering yourself.

Adrienne’s Free Webinars

Adrienne presents free webinars on the psychology of trading

Email Adrienne@TradingOnTarget.com

Visit www.TradingOnTarget.com

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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.

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Horizons Seasonal Rotation ETF HAC April
30^th 2014