May 17, 2016
Don Vialoux's Top Picks: May 17, 2016
, BNN Bloomberg
Don Vialoux, technical analyst at TimingTheMarkets.ca and EquityClock.com
FOCUS: Technical Analysis and Seasonal Investing
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MARKET OUTLOOK:
North American equity markets continue to follow the trends developed during a U.S. Presidential Election year:
- Weakness early in the year into February
- A recovery into mid-April
- Weakness into late May
- A recovery that can last until late August
- Sharp fall from late August until just before the election in the first week in November
- A strong recovery to the end of the year.
Top Picks:
First Trust AlphaDEX Canadian Dividend ETF (FDY.TO)
Seasonal influence for TSX Composite is positive until early June
Technicals for FDY are positive
First Trust Technology AlphaDEX ETF (FXL.N)
Seasonal influences for Technology are positive from now until mid-July
Technical parameters are positive
Fortis (FTS.TO)
Seasonal influences are positive until the end of October
Technical parameters are positive
| Disclosure | Personal | Family | Fund/Portfolio |
|---|---|---|---|
| FDY | N | N | N |
| FXL | N | N | N |
| FTS | N | N | N |
| Disclosure | Personal | Family | Fund/Portfolio |
|---|---|---|---|
| XEG | N | N | N |
| FBT | N | N | N |
| FHQ | N | N | N |
Twitter: @EquityClock
Website: www.timingthemarket.ca, www.equityclock.com
Top Picks
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5:33Loblaw agrees to sign grocery code of conduct after months of negotiations
Loblaw Cos. Ltd. said Thursday it's ready to sign on to the grocery code of conduct, paving the way for an agreement that’s been years in the making.
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12:01Manulife 20% YTD stock gain today 'years in the making,' CEO says
Manulife President and CEO Roy Gori says the company’s recent success “has been several years in the making” following a decade of challenges coming out of the 2008 financial crisis.
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6:28Tourism sector rolls out road map to boost visitor numbers to pre-pandemic levels
The tourism industry rolled out a road map Thursday it hopes will bring more visitors to Canada after the bruising it took during the COVID-19 pandemic.
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5:22Dow eclipses 40,000 for first time as investors bet on rate cuts
The Dow Jones Industrial Average eclipsed 40,000 for the first time on Thursday as investors grow confident that the stock market rally can keep running on hopes the U.S. Federal Reserve will start cutting interest rates later this year.
BNN Bloomberg Advisor
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7:37TD, RBC data point to slowing household spending in Canada
Consumer spending in Canada has continued to show signs of weakness over the past two months, according to fresh data from the country’s two largest banks.
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6:43Copper's costly climb: How supply shortages are shaping the market
Copper prices breached the US$10,000 per ton mark again this week, propelled by projections of tightening global supplies and heightened demand from the electric vehicle and power sectors, which offset weakening demand from China, the largest consumer of the red metal.
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7:36Bank of Canada says households can cope with higher rates
The Bank of Canada says households can weather higher borrowing costs, but flagged rising asset valuations and financial stress among renters as risks to the outlook.
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3:12Kevin O'Leary shares financial advice on Morning Markets
As Canadian investors grapple with a rapidly evolving landscape, BNN Bloomberg sat down with Kevin O'Leary, the chairman of O'Leary Ventures, for his perspective and insights across equity markets, Canadian tax changes, his efforts to buy TikTok and more.