Vialoux's Tech Talk: May 8, 2014

May 8, 2014

2 minute read

by Don Vialoux, Timing the Market
Editor’s Note: Mr. Vialoux is scheduled to appear on BNN’s Market Call Tonight at 6:00 PM EDT tomorrow.

Interesting Charts

Federal Reserve chairman Janet Yellen noted during her testimony yesterday that the U.S. home sector is showing signs of slowing growth. ETFs in the sector responded accordingly.

The period of seasonal strength for the S&P/TSX Metals & Mining Index has ended. Technicals for the Index have started to deteriorate.

Technical Action Yesterday by Individual Equities

Despite gains by broadly based U.S. equity indices, technical action by S&P 500 stocks was mildly bearish. Nine S&P stocks broke support (CTSH, FMX, GT, KSS, LB, MSFT, PRGO, TSCO, WFM) and six broke resistance (BDX, CI, DE, HUM, PXD,TAP)

Notable among TSX 60 stocks were National Bank and Talisman. National Bank broke to a six month high. Talisman responded to better than expected quarterly results.

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:

Materials Sector Seasonal Chart

MATERIALS 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 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 7^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.