Vialoux's Technical Talk – November 26, 2014

by Don Vialoux, EquityClock.com

Pre-opening Comments for Wednesday November 26^th

Editor’s Note: Next Tech Talk report is released on Friday.

U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point in pre-opening trade.

Index futures moved slightly lower following release of economic news at 8:30 AM EST. Consensus for weekly jobless claims was a drop to 286,000 from 292,000 last week. Actual was an increase to 313,000. Consensus for October Durable Goods Orders was a decline by 0.7% versus a decline of 1.3% in September. Actual was an increase of 0.4%. Excluding transportation, consensus for October Durable Goods Orders was an increase of 0.5% versus a decline of 0.2% in September. Actual was a decline of 0.9%. Consensus for October Personal Income was a gain of 0.4% versus an increase of 0.2% in September. Actual was a gain of 0.2%. Consensus for October Personal Spending was an increase of 0.3% versus no change in September. Actual was an increase of 0.2%

Agrium fell $0.72 to $98.84 after Bank of America/Merrill downgraded the stock to Underperform from Neutral. Target is $99.

Rio Tinto gained $0.42 to $47.45 on news that Glencore may be considering another takeover of the base metal mining giant.

EquityClock’s Daily Market Comment

Following is a link:

http://www.equityclock.com/2014/11/25/stock-market-outlook-for-november-26-2014/

Note comments on underperformance in Transportation, Retail and Technology in December

Seasonal Influences on Rio Tinto

Following is a 20 year seasonality chart on Rio Tinto. ‘Tis the season for base metals stocks!

Interesting Charts

The technical profile on base metal stocks continues to improve.

Percent of S&P 500 stocks trading above their 50 day moving average has reached the highest level in 18 months. Percent is substantially overbought, but has yet to show signs of peaking.

StockTwit Released Yesterday @equityclock

Technical action by S&P 500 stocks to 11:00: Bullish. Breakouts:$CMCSA, $FOXA, $KMX, $KSS, $TJX, $CPB, $HSY, $MET, $TROW, $EXPD, $R, $ROP, $HPQ. No breakdowns.

Technical Action by Individual Equities

After 11:00 AM, another five S&P 500 stocks broke resistance: MasterCard, CBS, Time Warner Cable, Equifax and Amphenol. No S&P 500 stocks broke support.

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:

^RUT Relative to the S&P 500   Keith Richards’ Blog Following is a link: http://www.valuetrend.ca/wp-content/uploads/2014/11/ID-Nov-28-2014.pdf

An Opportunity to “Pay it forward”

Tech Talk’s favourite charity is Wellspring, a charity that offers free support services for people with cancer. Wellspring is a network of community-based centers that offer programs providing support, coping skills, and education to cancer patients and their families.The center here in Oakville serves over 4,000 people resident mainly in Mississauga, Oakville and Burlington. Services offered at the Oakville center includes group support, financial planning, programs focusing on nutrition, relaxation and exercise as well as updated education by medical experts. Jan and Don Vialoux offer their time, talent and treasure to the center. Don Vialoux is a prostate cancer survivor. Wellspring is entirely support by individual and corporate donations and does not receive funding from the United Way or federal/provincial governments. All donations are tax deductible. More information on Wellspring and its services is available at http://www.wellspring.ca/

Now is the time to “Pay it forward” for the free services offered by this blog! Wellspring is holding its annual holiday “Light Up Wellspring” fund raising program. Contributors can help to “Light Up” the Oakville center by donating:

$5 for a bulb

$25 for a strand of bulbs

$250 for a wreath of bulbs

All proceeds go toward providing cancer patients and their loved ones with much needed support programs at Wellspring.

Please join us at 6:30 PM EST on November 27^th at Wellspring’s Holiday Open House when the lights will be switched on. The event will include festive refreshments, a bake sale, bazaar and silent auction.

If unable to attend, charitable donations can be made through http://www.wellspring.ca/

Monitored List of Technical/Seasonal Ideas

Green: Increased score

Red: Decreased score

A score of 1.5 or higher is needed to maintain a position

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 November 25^th 2014

Copyright © Don Vialoux, EquityClock.com