Vialoux's Technical Talk

Interesting Charts

European equities continue to lead world equity markets on the
downside.

StockTwits Yesterday

(Available@equityclock)

More gold stocks breaking resistance! $FNV broke above $64.41
Cdn. to an all-time high. ‘Tis the season!

Quiet S&P action by 10:30 AM. 5 stocks broke resistance
($LB, $DNB, $RSG, $TDC, $TSO) and three stocks broke support
($SNI, $STJ, $WYNN)

Technical Action by Individual Equities

By the close, 5 S&P 500 stocks had broken resistance and 7
stocks broke support.

Two TSX 60 stocks broke support: GIB and FM.

Monitored Technical/Seasonal Trade
Ideas

Update

Profit taking on WOOD is recommended for investors who shorted
units on July 30^th. Gain from the trade was 4.6%.
Initial idea was triggered by completion of a Head &
Shoulders pattern during a period of seasonal weakness.
Downside technical target of $49.78 based on the pattern has
been exceeded. In addition, lumber prices established a new
intermediate uptrend yesterday.

FP Trading Desk Headline

FP Trading Desk headline reads, “Why the equity correction
still has room to run”. Following is a link:

http://business.financialpost.com/2014/08/07/why-the-equity-correction-still-has-room-to-run/

Weekly SPDR Technical Review

Technology

· Intermediate trend remains up (Score: 1.0)

· Units remain below their 20 day moving average (Score: 0.0)

· Strength relative to the S&P 500 Index remains positive
(Score: 1.0)

· Technical score based on the above parameters remains at 2.0
out of 3.0.

· Short term momentum indicators are trending down

Materials

· Intermediate trend changed from neutral to negative on a move
below $48.47.

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 Index changed to
positive from neutral

· Technical score remained at 1.0 out of 3.0

· Short term momentum indicators are trending down

Industrials

· Intermediate trend remains down

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 Index remains negative

· Technical score remain at 0.0 out of 3.0

· Short term momentum indicators are trending down and are
oversold.

Consumer Discretionary

· Intermediate trend remains down

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 Index changed to
positive to neutral

· Technical score improved to 1.0 from 0.5 out of 3.0

· Short term momentum indicators are trending down.

Financials

· Intermediate trend remains down

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 Index remains neutral

· Technical score remains at 0.5 out of 3.0.

· Short term momentum indicators are trending down

Energy

· Intermediate trend remains down.

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 Index changed to
negative from neutral

· Technical score slipped to 0.0 from 0.5 out of 3.0

Consumer Staples

· Intermediate trend remains down.

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 Index changed to neutral
from negative

· Technical score improved to0.5 from 0.0 out of 3.0

· Short term momentum indicators is trending down, but showing
early signs of bottoming

Health Care

· Intermediate trend changed to neutral from up on a move below
$60.35.

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 Index changed to neutral
from positive

· Technical score fell to 1.0 from 2.0 out of 3.0

· Short term momentum indicators are trending down

Utilities

· Intermediate trend remains down

· Units remain below their 20 day moving average

· Strength relative to the S&P 500 remains negative.

· Technical score remains at 0.0 out of 3.0.

· Short term momentum indicators are trending down

Summary of Weekly Seasonal/Technical Parameters
for SPDRs

Key:

Seasonal: Positive, Negative or Neutral on a relative
basis applying EquityClock.com charts

Trend: Up, Down or Neutral

Strength relative to the S&P 500 Index: Positive,
Negative or Neutral

Momentum based on an average of Stochastics, RSI and
MACD: Up, Down or Mixed

Twenty Day Moving Average: Above, Below

Green: Upgrade from last
week

Red: Downgrade from last
week

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

Tech Talk’s Appearance at the Toronto World Money
Show

Following is a link:

http://www.moneyshow.com/tradeshow/toronto/world_moneyShow/expert-details.asp?speakerid=6672FT1&scode=036361

Mark Leibovit’s Annual Forecast for the Dow Jones
Industrials

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
@equityclock are not held personally or in HAC.

Horizons Seasonal Rotation ETF HAC August
7^th 2014