by Don Vialoux, EquityClock.com
Interesting Charts
The NASDAQ Composite Index touched an all-time high on a move above 4,527.
Apple led strength in the NASDAQ by touching another all-time high.
Health Care providers, a subsector of the Health Care sector joined other health care stocks by breaking to all-time highs
According to UxC, the spot price of uranium increased another $1.00 to $31.00 per lb last week. Following is a link:
http://www.uxc.com/review/UxCPrices.aspx
Uranium stocks are responding
StockTwits Yesterday
$XLB broke above resistance at $50.37 to reach an all-time high.
$XLY broke above resistance at $68.13 to reach an all-time high
Nice breakout by $AGU above $93.30. ‘Tis the season for strength!
Quiet bullish technical action by S&P stocks to 10:45. Stocks breaking resistance were $ROST, $TJX, $WPX, $WY, $SWK, $FFIV, $FIS
Technical Action by Individual Equities
By the close, 16 S&P 500 stocks had broken resistance. Notable were Consumer Discretionary stocks. None broke support.
Three TSX 60 stocks broke resistance and none broke support. Royal Bank and Commerce Bank broke to all-time highs prior to release of fiscal third quarter results. Royal Bank starts the bank report season this Friday.
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
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
FP Trading Desk Headline
FP Headline reads, “Bull market getting old, but death not imminent”.
Following is a link:
http://business.financialpost.com/2014/08/19/bull-market-getting-old-but-death-not-imminent/
Toronto World Money Show: October 16th -18th
Mr. Vialoux is a presenter. Following is background
http://www.moneyshow.com/tradeshow/toronto/world_moneyShow/expert-details.asp?speakerid=6672FT1&scode=036364
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 19th 2014
Copyright © Don Vialoux, EquityClock.com
