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Stock Market Outlook for May 21, 2013

Todays_Markets

Upcoming US Events for Today:

  • No Significant Events Scheduled

 

Upcoming International Events for Today:

  1. German PPI for April will be released at 2:00am EST.   The market expects a year-over-year increase of 0.2% versus an increase of 0.4% previous.
  2. Great Britain CPI for April will be released at 4:30am EST.   The market expects a year-over-year increase of 2.6% versus an increase of 2.8% previous.   PPI Output is expected to show a year-over-year increase of 1.4% versus an increase of 2.0% previous.
  3. Japanese Merchandise Trade for April will be released at 7:50pm EST.   The market expects -¥594.3B versus -¥362.4B previous.

 

Recap of Economic Events Released since last Friday:

Event Actual Forecast Previous
EUR ECB Announces 3-Year LTRO Repayment (Euros) 1.12B   6.7B
CAD Consumer Price Index (MoM) -0.20% 0.00% 0.20%
CAD Bank Canada Consumer Price Index Core (YoY) 1.10% 1.20% 1.40%
CAD Wholesale Sales (MoM) 0.30% 0.40% 0.10%
CAD Consumer Price Index (YoY) 0.40% 0.60% 1.00%
CAD Bank Canada Consumer Price Index Core (MoM) 0.10% 0.20% 0.20%
CAD Consumer Price Index s.a. (MoM) -0.40% -0.20% 0.00%
CAD Core CPI s.a. (MoM) 0.00% 0.10% 0.20%
CAD Consumer Price Index 122.7   122.9
USD U. of Michigan Confidence 83.7 77.9 76.4
USD Leading Indicators 0.60% 0.20% -0.20%
JPY Coincident Index 93.8   93.3
JPY Leading Index 97.9   97.6
JPY Machine Tool Orders (YoY) -23.60%   -24.10%
USD Chicago Fed Nat Activity Index -0.53   -0.23

 

The Markets

Seasonal charts of companies reporting earnings today:

AZO BBY DKS HD MDT MNRO NM RRGB SKS TECD TDW TJX RMCF ADI CPWR CSS INTU LAKE UVV

Sentiment on Monday, as gauged by the put-call ratio, ended bullish at 0.79.

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S&P 500 Index

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Chart Courtesy of StockCharts.com

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TSE Composite

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Chart Courtesy of StockCharts.com

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Horizons Seasonal Rotation ETF (TSX:HAC)

  • Closing Market Value: $13.37 (down 0.07%)
  • Closing NAV/Unit: $13.36 (down 0.07%)

Performance*

2013 Year-to-Date Since Inception (Nov 19, 2009)
HAC.TO 5.03% 33.6%

* 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.

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