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.
{mp3}mtmar114hourxyz{/mp3}
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.
EquityClock.com’s Daily Market Comment
Following is a link:
http://www.equityclock.com/2014/02/27/stock-market-outlook-for-february-28-2014/
Interesting Charts
Finally, the S&P 500 Index managed to close at an all-time high.
Chinese equities continue to recover. Equity markets are starting to anticipate an important announcement on economic reform on March 5th.
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.
…..read more HERE
