Vialoux's Tech Talk: May 6, 2014

May 6, 2014

2 minute read

by Don Vialoux, Timing the Market

Interesting Charts

Events in Ukraine continue to impact precious metal prices, particularly Palladium. Russia is the largest producer of Palladium. Palladium closed at a three year high.

Concerns about hotter and dryer than average weather in U.S. winter wheat growing areas continue to add to an improving technical picture for grain prices.

Technical Action by Individual Equities Yesterday

Technical action by S&P 500 stocks was mixed yesterday. Seven S&P 500 stocks broke support in early trading (M, NWL, URBN, CAG, TSN, JPM, DVA) and seven stocks broke resistance in the afternoon (SYY, AVB, BF.B, WLP, LMT, PCP, MSI).

No significant breakout or breakdowns were recorded by TSX 60 stocks.

FP Trading Desk Headline

FP Trading Desk headline reads, “Margin expansion could be the next driver for Canadian bank stocks”. Following is a link to the report:

http://business.financialpost.com/2014/05/05/margin-expansion-could-be-the-next-driver-for-canadian-bank-stocks/

Weekly Seasonal/Technical Review of Horizons’ Products

Following is a link:

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

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 May 5^th 2014

Author

Don Vialoux, EquityClock.com

Don Vialoux is the author of free daily reports on equity markets, sectors, commodities and Exchange Traded Funds. All of the views expressed herein are his personal views although they may be reflected in positions or transactions in the various client portfolios. Daily reports are available at http://www.timingthemarket.ca.