by Don Vialoux, Timing the Market
Interesting Charts
Events in Ukraine continue to impact precious metal prices, particularly Palladium. Russia is the largest producer of Palladium. Palladium closed at a three year high.
Concerns about hotter and dryer than average weather in U.S. winter wheat growing areas continue to add to an improving technical picture for grain prices.
Technical Action by Individual Equities Yesterday
Technical action by S&P 500 stocks was mixed yesterday. Seven S&P 500 stocks broke support in early trading (M, NWL, URBN, CAG, TSN, JPM, DVA) and seven stocks broke resistance in the afternoon (SYY, AVB, BF.B, WLP, LMT, PCP, MSI).
No significant breakout or breakdowns were recorded by TSX 60 stocks.
FP Trading Desk Headline
FP Trading Desk headline reads, âMargin expansion could be the next driver for Canadian bank stocksâ. Following is a link to the report:
Weekly Seasonal/Technical Review of Horizonsâ Products
Following is a link:
http://www.horizonsetfs.com/campaigns/TechnicalReport/index.html
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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 Investment 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 Investment Management (Canada) Inc.
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Horizons Seasonal Rotation ETF HAC May 5th 2014
Copyright © Don Vialoux, Jon Vialoux, Brooke Thackray
