Timing The Market » Blog Archive » Tech Talk for Wednesday July 16th 2014

Interesting Charts

Technical deterioration by the TSX Composite Index continues.
The Index fell below its 20 day moving average, its momentum
indicators continue to trend down and strength relative to the
S&P 500 Index continues to deteriorate.

Strength in the U.S. Dollar Index following Yellen’s statement
before the Senate Banking Committee had a direct negative
impact on precious metal prices and related equities.

Activity in Individual Equities
Yesterday

Lots of technical action by S&P 500 stocks on the upside
and downside yesterday despite a small change by the Index at
the end of the day! Eight S&P 500 stocks broke resistance
(BLK, JPM, KIM, MCO, MA, AP, KMB, CAH, SPG and UPS) and ten
stocks broke support (LEN, M, WFM, FLTR, MUR, MSI, LEG, COH, LO
and RAI). Breaks above resistance were dominated by Financials.

Among TSX 60 stocks, Loblaw broke resistance.

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:

FP Trading Desk Headline

FP Trading Desk headline reads, “Earnings expected to rise
in second half”. Following is a link:

http://business.financialpost.com/2014/07/15/earnings-expected-to-rise-in-second-half/

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
14^th 2014