Vialoux's Tech Talk: July 17, 2014

July 17, 2014

2 minute read

by Don Vialoux, Timing the Market

Responses to Second Quarter Reports

Responses have been mixed at best. Selected financial service stocks (Goldman Sachs.JP Morgan, Citigroup) and Intel have responded to better than consensus second quarter results. Many more moved lower after reporting including Johnson & Johnson, Bank of America, US Bancorp, PNC Financial, Abbott Labs, St. Jude Medical as well as Yum Brands after the close yesterday. Sell on news (unless blowout results are released)?

Activity in Individual Equities

Technical action by S&P 500 stocks was bullish yesterday. Thirteen S&P 500 stocks broke resistance (DISCA, IGT, SNI, VIAB, APC, HAL, KMI, GE, HON, JOY, EA, MU) and five stocks broke support (FOXA, MCD, USB, ABBV, JNPR).

Among TSX 60 stocks, TD broke to an all-time high and Fortis broke resistance to reach a 16 month high.

FP Trading Desk Headlines

FP Trading Desk headline reads, “Investors see gold stocks outperforming gold in the next 12 months”. Following is a link:

http://business.financialpost.com/2014/07/16/investors-see-gold-stocks-outperforming-gold-in-next-12-months/

FP Trading Desk headline reads,” The natural gas trade isn’t over”. Following is a link to the report:

http://business.financialpost.com/2014/07/16/the-natural-gas-trade-isnt-over/?__lsa=411c-0601

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:

K.TO Relative to the S&P 500

K.TO Relative to the Sector

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 16^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.