Technical Seasonalities

Transcription

1 Equity Clock: Seasonality Analysis February 10, 2015 Technical Seasonalities eresearch Corporation is pleased to provide technical opinions on the market from a seasonality standpoint, courtesy of Equity Clock, a division of the Tech Talk Financial Network.eResearch also posts, daily, the regular technical opinions provided by affiliate: Tech Talk: TimingTheMarket. Equity Clock ( is a market analysis company that provides, completely FREE, technical, fundamental and seasonality analysis on a daily basis via TimingTheMarkets.com and EquityClock.com.Equity Clock s mission is to identify periods of re-occurring strength among individual equities in the market using methodologies presented by some of the top analysts in the industry, including those of Donald Vialoux, author of TimingTheMarkets.com. Donald Vialoux, co-founder of Tech Talk, is a past president and director of the Canadian Society of Technical Analysts (CSTA). He holds the designation of Chartered Market Technician (CMT). Mr. Vialoux has 45 years of experience in the investment industry, including prominent positions held at Richardson Greenshields and RBC Investments. He is the author of a daily letter on equity markets, which is available free at TimingTheMarket.ca. Mr. Vialoux is also the author of a weekly column published at GlobeAndMail.com that combines technical, fundamental, and seasonality analysis. He is a frequent presenter on Business News Network (BNN) Television. Mr. Vialoux also offers advice to the Horizons Seasonal Rotation ETF (HAC). eresearch was established in 2000 as Canada's first equity issuer-sponsored research organization. Our various research packages allow corporate management to choose the form of research coverage that best meets their company s needs. We are a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential to reach millions of global investors through our extensive electronic distribution network. Bob Weir, CFA: Director of Research Note: All of the comments, views, opinions, suggestions, recommendations, etc., contained in the TechTalk/Timing The Market articles, reports, files, documents, essays, etc., and which are distributed by eresearch Corporation, are strictly those of TechTalk/Timing The Market and do not necessarily reflect those of eresearch Corporation. eresearch Corporation 78 Cameron Crescent, Suite 202 Toronto, Ontario M4G 2A3

2 Stock Market Outlook for Tuesday, February 10, 2015 The Markets Stocks slipped on Monday as concerns over Greece turning its back on its debt obligations led to weakness in European benchmarks. The German DAX declined by 1.69%, the French CAC was lower by 0.85%, and the Spanish IBEX fell by 1.97%. The Athens General Share benchmark shed 4.75%, maintaining the trend of lowerhighs and lower-lows that dates back to April of last year. Seasonally, the Greek benchmark tends to perform positively between January and May, however, with the ongoing struggles continuing to overhang the European country, equities have yet to show anything close to the average gains for this time of year; a bottoming pattern has yet to materialize. Greek officials plan on meeting with creditors on Wednesday in hopes to discuss a compromise to current austerity measures; equity markets are likely to remain on edge until some kind of resolution has been met. eresearch Corporation ~ 2 ~

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4 Despite the euro-zone concerns that pressured broad equity benchmarks in the US lower during Monday s session, sector activity remained risk-on. Losses during the session were led by Health Care, Consumer Staples, and Utilities, three defensive sectors that typically perform well during periods of investor uncertainty. Cyclical sectors, including Energy, Industrials, and Materials ended around the flatline on the day, bucking the broad market loss. This risk-on sentiment remains a positive for the equity market as investors are more inclined to hold and even accumulate cyclical assets, while letting down their guard in defensive assets, such as bonds. The yield on the 5-Year Treasury Note is holding significant support around 1.2%; trendline resistance that stemmed from the 2007 high was recently tested as support. A break above resistance around 1.8% would confirm a new intermediate-term up-leg. <continued> eresearch Corporation ~ 4 ~

5 Put-Call Ratio Sentiment on Monday, as gauged by the put-call ratio, ended bearish at <continued> eresearch Corporation ~ 5 ~

6 Seasonal charts A. Sectors and Industries Entering Period of Seasonal Strength Today None today B. Stocks Entering Period of Seasonal Strength Today World Wrestling Entertainment, Inc. (NYSE:WWE) Seasonal Chart Yum! Brands, Inc. (NYSE:YUM) Seasonal Chart <continued> eresearch Corporation ~ 6 ~

7 C. Seasonal Charts of Companies Reporting Earnings Today eresearch Corporation ~ 7 ~

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20 S&P 500 Index eresearch Corporation ~ 20 ~

21 TSE Composite eresearch Corporation ~ 21 ~

22 Horizons Seasonal Rotation ETF (TSX: HAC) Closing Market Value: $15.86 (down 0.06%) Closing NAV/Unit: $15.87 (down 0.03%) Performance* 2015 Year-to-Date Since Inception (Nov. 19, 2009) HAC.TO 4.89% 58.7% * performance calculated on Closing NAV/Unit as provided by custodian Click Here to learn more about the proprietary, seasonal rotation investment strategy developed by research analysts Don Vialoux, Brooke Thackray, and Jon Vialoux. Special Free Services Available through 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. Notice that most of the seasonality charts have been updated recently. To login, simply go to ########## BW: Information on Equity Clock is provided on the ensuing page. eresearch Corporation ~ 22 ~

23 Equity Clock is a division of the Tech Talk Financial Network, a market analysis company that provides technical, fundamental, and seasonality analysis on a daily basis via TimingTheMarkets.com and EquityClock.com. Equity Clock s mission is to identify periods of reoccurring strength among individual equities in the market using methodologies presented by some of the top analysts in the industry, including that of Don Vialoux, author of TimingTheMarkets.com. Feel free to use any of the content or seasonality studies (charts, timelines, or otherwise) presented as long as a link-back to this site at EquityClock.com is provided. For further information on indicators used in reports presented on this site, please visit our reference page. Equity Clock Website: Horizons AlphaPro Seasonal Rotation ETF (HAC) Interested in the methodologies and strategies presented by Tech Talk? The Horizons AlphaPro Seasonal Rotation ETF (trading on the Toronto Stock Exchange under symbol HAC) uses a proprietary, seasonal rotation investment strategy developed by research analysts Don Vialoux and Brooke Thackray. The strategy s core position consists of broad markets at seasonally favourable times of the year and money market securities at seasonally unfavourable times of the year. The strategy allocates from the core portfolio to various sectors when those sectors offer favourable opportunities. Rotating a portfolio in anticipation of these opportunities is designed to deliver returns that are superior to a static investment in broad markets. As seasonal periods are never the same, this investment strategy is supported by additional fundamental and technical analysis. For more information, Click Here. ############ eresearch Corporation ~ 23 ~