Vialoux's Tech Talk: July 24, 2014

Interesting Charts

Nice move by the Shanghai Composite Index above resistance at
2087.32!

Ditto for the Australia All Ordinaries Composite Index! It is
the equity index that is most influenced by strength in the
Chinese equity market.

Early signs that seasonal strength in the Semiconductor
sector has ended!

Responses to Second Quarter
Results

Once again, reporting companies saw extraordinary price moves
(in both directions) following release of results. Of the 18
S&P 500 companies that reported before the opening
yesterday, nine rose strongly, two were virtually unchanged
(Microsoft and Northrop) and seven dropped sharply. Following
is a summary:

Following are examples:

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:

^SOX Relative to the S&P 500

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
23^rd 2014