Vialoux's Tech Talk: June 12, 2014

by Don Vialoux, Timing the Market

Pre-opening Comments for Thursday June 12^th

U.S. equity index futures were mixed this morning. S&P 500 futures were down one point in pre-opening trade.

Index futures were moved slightly lower following release of economic news at 8:30 AM EDT. Consensus for May Retail Sales was an increase of 0.7% versus an upwardly revised 0.5% in April. Actual was an increase of 0.3%. Excluding auto sales, consensus for Retail Sales was an increase of 0.5% versus a gain of 0.5% in April. Actual was an increase of 0.1%. Consensus for Weekly Initial Jobless Claims was an increase to 315,000 from a revised 313,000 last week. Actual was an increase to 317,000.

Crude oil gained $1.87 to $106.27 per barrel following news of growing political unrest in Iraq.

Lululemon fell $7.17 to $37.13 after reporting lower than consensus first quarter results and after lowering second quarter guidance.

Hewlett Packard added $0.45 to $33.70 after Goldman Sachs upgraded the stock from Sell to Neutral. Target is $32.

Interesting Chart

This morning Crude oil broke above resistance at $105.22 per barrel to reach a nine month high.

Seasonal influences are positive until mid-September.

GlobeInvestor.com Column

(Authored by Don and Jon Vialoux and published yesterday)

Column headline reads, “How does the World Cup affect markets”.

Following is a link:

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/how-does-the-world-cup-affect-markets/article19120170/

Editor’s Note: The VIX Index gained 5.55% yesterday

Technical Action by Individual Equities Yesterday

Technical action by S&P 500 stocks was eerily quiet yesterday. Two stocks broke resistance (APC and FFIV) and two stocks broke support (WHR and DUK)

Interesting Charts

Gold equities on both sides of the border are showing early technical signs of recovery.

Following is a link to a comment by Mark Leibovit released yesterday on two gold stocks:

http://youtu.be/TkOvMGqQe-k

Nickel prices established a new intermediate downtrend.

The Bovespa continues an intermediate uptrend.

Adrienne Toghraie’s Trader’s Coach Column

Being Accountable

By Adrienne Toghraie, Trader’s Success Coach

www.TradingOnTarget.com

From the time we are born, most of us learn that we must be accountable for our actions. First it is to our families and then later to our teachers, preachers, coaches, and society. Since traders are already conditioned to be accountable, they should make use of this tool in reaching for trading mastery.

Sweeping it under the carpet

Traders like to think that they only need to be accountable to themselves in order to get the best out of their trading. But it has been my experience that most traders fail miserably at this task. So why are traders not able to do this?

They do not want to:

· Be wrong

· Admit that they are changing their rules

· Face up to the fact that they do not have good rules

· Realize that they need psychological help

· Realize that they do not have what it takes

If you are committed to doing whatever it takes to follow your rules to reach a higher level of profit, you should consider asking someone to help you with this task if you are not doing a good job of it yourself.

Who could take on the role of a trader’s accountability?

· A significant other

· A friend

· A trading buddy

· A teacher

· A coach

What would a person need to help you be more accountable?

· A clearly defined set of rules from you

· Your commitment to telling the truth to them

· An accounting of the trades you took

· Why you think the trades you took were good opportunities

· The risk/reward ratios before the trade

· The money management procedure you followed

· Whether or not you followed your rules

· The lessons you learned

· And at the four month periodical review, the changes you would make

and why

Reward or punishment

There should be a clearly defined predetermined punishment or reward that both of you agree upon for not following your rules. Here are some examples of punishments or rewards to consider.

Punishment

· No trading the rest of the day

· Walk around the block before taking the next trade

· Twenty push ups

· Limit the size of your trades for the rest of the week

Rewards

· Ten percent of every good trade will go into a rewards account for you

· A food or entertainment treat

· Time with a special friend

· Any – my favorite, a massage

Conclusion

When you make yourself accountable in trading to someone else, you activate that part of you that has already been programmed for accountability. In doing this you will be more accountable to yourself.

Keith Richards’ Blog

Following is a link:

http://www.smartbounce.ca/?p=2991

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 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 Management (Canada) Inc.

Horizons Seasonal Rotation ETF HAC June 11^th 2014

Copyright © Don Vialoux, Jon Vialoux, Brooke Thackray