Vialoux's Technical Talk: August 21, 2014

byDon Vialoux, EquityClock.com

August 21, 2014

2 minute read

by Don Vialoux, Timing the Market

Editor’s Note: Mr. Vialoux is scheduled to appear on BNN’s Market Call tomorrow at 1:00 PM

Interesting Charts

The TSX Composite Index broke to an all-time high.

A flight to quality continues. The U.S. Dollar Index continues to strengthen.

Another Canadian bank stocks broke to an all-time high prior to release of fiscal third quarter earnings.

Technical Action by Individual Equities

Technical action by S&P 500 stocks remains bullish. Another 13 S&P 500 stocks broke resistance and none broke support. Prominent on the list of stocks breaking resistance were industrial stocks (DAL, GD, ITW, ROP, SNA).

Monitored Technical/Seasonal Trade Ideas

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

Green: Increased Technical Score

Red: Reduced Technical Score

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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/

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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 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 20^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.