Vialoux's Technical Talk - August 15, 2014

Pre-opening Comments for Friday August 15^th

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.

Starwood Hotels added after Barclays upgraded the stock from Equal Weight to Overweight.

EquityClock.com’s Daily Market Comment

Following is a link:

http://www.equityclock.com/2014/08/14/stock-market-outlook-for-august-15-2014/

Monitored Technical/Seasonal Trade Ideas

Health Care SPDR (XLV) and NASDAQ Biotech (IBB) have been added to the list.

A security must have a Technical Score of 1.5 – 3.0 to be on this list.

Green: Improved Technical Score

Red: Reduced Technical Score

StockTwits Released Yesterday

Quiet bullish technical action by 11:00! 4 S&P stocks broke resistance ($CVS, $VTR, $MDT, $LYB) and none broke support.

Nice breakout by MarketVectors Biotech ($BBH) above $100.77! ‘Tis the season!

Technical Action by Individual Equities

By the close, eight S&P 500 stocks had broken resistance and none had broken support.

No TSX 60 stocks broke resistance or support.

Canadian ETF Watch for July

Following is a link:

http://canadianetfwatch.com/index.php?option=com_content&view=article&id=312&Itemid=34

Weekly Select Sector SPDRs Technical Review

Technology

· Intermediate trend remains up (Score:1.0)

· Units moved above their 20 day moving average (Score: 1.0)

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

· Technical score based on the above parameters increased to 3.0 from 2.0 out of 3.0

· Short term momentum indicators are trending up.

Materials

· Intermediate trend remains negative

· Units moved above their 20 day moving average

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

· Technical score increased to 1.5 from 1.0 out of 3.0

· Short term momentum indicators are trending up.

Industrials

· Intermediate trend remains down

· Units moved above their 20 day moving average

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

· Technical score improved to 1.5 from 0.0 out of 3.0.

· Short term momentum indicators are trending up

Consumer Discretionary

· Intermediate trend remains down.

· Units moved above their 20 day moving average

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

· Technical score improved to 2.0 from 1.0 out of 3.0.

· Short term momentum indicators are trending up.

Financials

· Intermediate trend remains down.

· Units moved above their 20 day moving average

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

· Technical score increased to 1.5 from 0.5 out of 3.0

· Short term momentum indicators are trending up

Energy

· Intermediate trend remains down.

· Units remain below their 20 day moving average

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

· Technical score remains at 0.0 out of 3.0.

· Short term momentum indicators are trending down, but are oversold.

Consumer Staples

· Intermediate trend remains down.

· Units moved above their 20 day moving average.

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

· Technical score improved to 1.5 from 0.5 out of 3.0

· Short term momentum indicators are trending up.

Health Care

· Intermediate trend remain neutral.

· Units moved above their 20 day moving average

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

· Technical score improved to 2.5 from 1.0 out of 3.0

· Short term momentum indicators are trending up.

Utilities

· Intermediate trend remains down

· Units moved above their 20 day moving average

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

· Technical score improved to 1.5 from 0.0 out of 3.0.

· Short term momentum indicators are trending up.

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

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 August 14^th 2014