Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

Don Vialoux

Guest's Website

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

Tech Talk - The Bottom Line Focus next week is on imposition of a 25% tariffs on goods imported into the United States to be announced officially by President Trump on Wednesday April 2nd. Growing political uncertainty related to the tariffs and likely counter tariffs were a major reason for weakness in North American equity indices last week. […]

Tech Talk - The Bottom Line Equity indices in Canada and the U.S. are following their traditional seasonal patterns: an intermediate term bottom near mid-March followed by a Spring rally. Historically, U.S. equity indices have moved higher until the first week in May and the TSX Composite has moved higher until the first week in June.

Tech Talk - The Bottom Line Focus this week is on the FOMC decision on U.S. interest rates released on Wednesday. Consensus calls for no change in the Fed Fund Rate currently at 4.5%. Extension of the U.S. Debt Ceiling by the Senate on Friday night is expected to help U.S. equity prices on Monday morning. Seasonal influences […]

Tech Talk - The Bottom Line Seasonal weakness in U.S. equity markets continues: Analysts continue to lower earnings estimates for large cap U.S. companies. A possible temporary shutdown of U.S. government finances looms prior to expiry of the debt ceiling on March 14th. Seasonal influences historically have bottomed in the second half of March. Technical signs of a […]

Tech Talk - The Bottom Line The period of seasonal outperformance by the TSX Composite Index came to an end last week. Contributions into RRSPs until February 28th are a major reason for outperformance relative to the S&P 500 Index. Technical breakdowns below intermediate support last week by the Dow Jones Industrial Average, S&P 500 Index and NASDAQ […]

Tech Talk - The Bottom Line The Dow Jones Industrial Average is following its typical seasonal pattern for the month of  February: During the past 20 years, the Average has a history of moving lower from mid-February to mid-March

Tech Talk - Reminder U.S. and Canadian equity markets are closed for a holiday on Monday. The Bottom Line Diverging trends! On one hand, equity indices are responding to higher than consensus fourth  quarter earnings and revenue results. Focuses this week are reports by Wal-Mart on Thursday and reports by a series of commodity companies throughout the week. […]

Tech Talk - The Bottom Line Despite better than consensus fourth quarter earnings and revenue reports released to date by large cap U.S. and Canadian companies, equity market indices on both sides of the border have stalled below their all-time highs set at the end of January. Analysts have started to take a more cautious stance on strong […]

Tech Talk - The Bottom Line Fourth quarter results released to date by S&P 500 companies have been impressive. They prompted analysts to raise their consensus fourth quarter earnings estimate for the S&P 500. On the other hand, analyst also lowered their consensus S&P 500 earnings estimates for 2025. Robust earnings growth is expected in 2025, but at […]

Tech Talk - The Bottom Line Primary focus this week is on central bank news released on Wednesday. The Federal Reserve is expected to maintain its Fed Fund Rate at 4.50% and the Bank of Canada is expected to lower its lending rate to Canada’s major banks to 3.00% from 3.25%. Investors will be watching closely for guidance […]

Tech Talk - The Bottom Line Focus this week is on fourth quarter earnings reports released by large cap U.S. companies. Results released to date (9% of S&P 500 companies) have exceeded consensus estimates. Just a reminder: U.S. equity markets are closed on Monday.

Tech Talk - The Bottom Line Good news on the economy in December was bad news for U.S. and Canadian equity markets on Friday: Stronger than expected December Non-farm Payrolls in the U.S. and higher Canadian December employment exceeding consensus estimates were reported. In response, government bond yields on both sides of the border spiked higher and the […]

Tech Talk - The Bottom Line Technical signs of a short term bottom were recorded by U.S. and Canadian exchange indices last week. TSX Composite Index has started to outperform the S&P 500 Index, typical for this time of year.

Tech Talk - The Bottom Line Equity indices around the world bounced from short term deeply oversold levels last week, led by Far East markets. Economic News This Week December Chicago PMI released at 9:45 AM EST on Monday is expected to improve to 42.8 from 40.2 in November. November U.S. Construction Spending released at 10:00 AM EST […]

Tech Talk - The Bottom Line Here comes Santa Claus! Peak period for the “Santa Claus rally” for U.S. and Canadian equity indices is from December 24th to December 31st Consensus for Earnings and Revenues for S&P 500 companies. Source: www.factset.com Year-over-year earnings and revenue gains accelerate in the fourth quarter from the third quarter. Consensus calls for […]

Tech Talk - The Bottom Line Focus is on the FOMC Interest Rate Decision on the Fed Fund Rate released at 2:00 PM EST on Wednesday. Consensus calls for a 0.25% reduction. The S&P 500 Index currently is following its traditional pattern in the month of December: Flat to slightly lower in the first half followed by the […]

Tech Talk - The Bottom Line U.S. economic focuses this week are on November CPI released on Wednesday and November PPI released on Thursday. Canadian focus is on the Bank of Canada’s interest rate decision on Wednesday. Consensus calls for at least a 0.25 basis point reduction. Consensus for Earnings and Revenues by S&P 500 companies Source: www.factset.com Earnings […]

Tech Talk - The Bottom Line Focus this week is on fiscal fourth quarter results released by Canada’s largest banks. Economic News This Week  October U.S. Construction Spending released at 10:00 AM EST on Monday is expected to increase 0.2% versus a 0.1% gain in September. November ISM Manufacturing PMI released t 10:00 AM EST on Monday is […]

Tech Talk - The Bottom Line Quiet week for North American equity markets this week! Historically, U. S. equity indices have moved higher on the day before and the day after the U.S. Thanksgiving day holiday. That’s when market makers are on holidays and individual investors have greater influence on equity prices. Thanksgiving Day in the U.S. is […]

Tech Talk - The Bottom Line U.S. stocks finished lower on Friday, capping off the worst week for the S&P 500 since early September, as creeping doubts about a December interest-rate cut by the Federal Reserve helped interrupt a postelection rally. Earnings focuses this week are on Wal-Mart reporting on Tuesday and Nvidia reporting on Wednesday.

Tech Talk - The Bottom Line  All-time highs were recorded by broadly based U.S. equity indices following the election of Donald Trump as President. On Friday, the S&P 500 Index exceeded the 6,000 level and the Dow Jones Industrial Average exceeded 44,000. U.S. equity index futures are tracking their historic seasonal pattern following a U.S. Presidential election once […]

Tech Talk - The Bottom Line Focus this week is on results from the U.S. election on November 5th. Consensus calls for a “dead heat” for election of the President and the House of Representative and a narrow win by the Republicans for the Senate. Chances are high that final results will not be determined this week. Multiple […]

Tech Talk - The Bottom Line Key focuses this week are on third quarter results released by some of the largest U.S. companies including: Ford on Monday Alphabet, McDonalds and Pfizer on Tuesday Microsoft and Eli Lily on Wednesday Apple and Amazon on Thursday Exxon Mobil and Chevron on Friday Volatility in U.S. equity markets (measured by the […]

Tech Talk - The Bottom Line Better than consensus third quarter results released last week by 14% of S&P 500 companies prompted North American equity indices to advance to all-time highs. Analysts were less convinced. They lowered third quarter consensus earnings estimates again. Frequency of quarterly corporate reports ramps up this week. Another 112 S&P 500 companies (including […]

Tech Talk - The Bottom Line Focus this week is on September U.S. inflation reports. Consensus calls for a slight reduction for September CPI and September PPI on a monthly basis and year-over-year basis. Official launch of the third quarter report season starts on Friday when results by some of  the biggest U.S. banks are released. As noted […]
Next Page »