Don Vialoux – Opportunities Created Yesterday

Posted by Don Vialoux - Timing the Market

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Opportunities, Dangers & Risks that produce these Opportunities & Timing – Michael interviews Don Vialoux on Money Talks March 1st. Below is Don’s Friday comment which is extensive, focusing on the Breakouts & Breakdowns Yesterday plus a Weekly Select Sector Review highlighting 40 charts.


Comments for Friday February 28th (pre-opening)

Index futures were virtually unchanged following release of revised U.S. annualized fourth quarter real GDP growth. Consensus was a decline to 2.5% from a previous estimate of 3.2%. Actual was a decline to 2.4%.

The Canadian Dollar was virtually unchanged following release of Canada’s fourth quarter GDP growth rate. Consensus was a gain of 2.5% from the third quarter. Actual was a gain of 2.9%. On the other hand, consensus for month-over-month GDP was a decline of 0.3%. Actual was a decline of 0.5%.

Gap Stores (GPS $43.16) is expected to open higher after Atlantic Equities upgraded the stock from Underweight to Neutral.

Catamaran (CCT Cdn$51.25) is expected to open lower after ISI Group downgraded the stock from Buy to Neutral.

Pan American Silver fell $0.14 to$14.05 after Deutsche Bank downgraded the stock from Buy to Hold. Target is $15.

Silver Standard (SSO Cdn$11.65) is expected to open lower after Deutsche Bank downgraded the stock from Hold to Sell. Target is $9.’s Daily Market Comment

Following is a link:

Interesting Charts

Finally, the S&P 500 Index managed to close at an all-time high.

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Chinese equities continue to recover. Equity markets are starting to anticipate an important announcement on economic reform on March 5th.

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Breakouts and Breakdowns Yesterday &

Weekly Select Sector Review

Quiet day yesterday ! Two S&P 500 stocks broke resistance: EMC Corp. and FMC Corp. FMC reached an all-time high.

One TSX 60 stock broke resistance: Commerce Bank to an all-time high and one TSX stock broke support: Catamaran.

… more HERE