Timing The Market » Blog Archive » Tech Talk for Thursday July 10th 2014

July 10, 2014

2 minute read

by Don Vialoux, Timing the Market

Editor’s Note: Mr. Vialoux is scheduled to
appear on BNN Television’s Market Call Tonight at 6:00 PM EDT
tomorrow.

Interesting Charts

Gold bullion once again is testing overhead resistance near
US$1,335 per ounce. Strength relative to the S&P 500 Index
has turned mildly positive.

Nice break out by the Gold Bug Index! Strength relative to Gold
remains positive.

Ditto for the TSX Gold Index!

Technical Action by Individual
Equities

Technical action by S&P 500 stocks was quietly bullish
yesterday. Seven stocks broke resistance (Reynolds America,
Zion Bancorp, Nordstrom, CarMax, O’Reilly, Procter & Gamble
and Varian Medical) and three stocks broke support (Prologis,
Deere and Assurant).

Among TSX 60 stocks, TransCanada broke to an all-time high.

FP Trading Desk Headline

FP Trading Desk headline reads, “What the curious case of
Dr. Copper and the Canadian Loonie says about the global
economy”. Following is a link:

http://business.financialpost.com/2014/07/09/what-the-curious-case-of-dr-copper-canadas-loonie-says-about-the-global-economy/

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 are examples:

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.

Individual equities mentioned in StockTwits are not
held personally or in HAC.

Horizons Seasonal Rotation ETF HAC July
9^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.