Don Vialoux.
Don Vialoux is technical analyst at TimingTheMarkets.ca and EquityClock.com. His focus is technical analysis and seasonal investing.
Top Picks:
First Trust AlphaDEX Canadian Dividend ETF (FDY.TO)
Seasonal influence for the S&P/TSX composite is positive until early June. Technicals for FDY are positive.
First Trust Technology AlphaDEX ETF (FXL.N)
Seasonal influences 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.
Past Picks: April 12, 2016
iShares S&P/TSX Energy Index Fund ETF (XEG.TO)
Then: $11.48 Now: $11.82 +2.96% Total return: +2.96%
First Trust Biotechnology Index Fund (FBT.N)
Then: $92.64 Now: $88.25 -4.72% Total return: 4.72%
First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO)
Then: $20.70 Now: $20.32 -1.84% Total return: -1.84%
Total Return Average: -1.20%
Market outlook:
North American equity markets continue to follow the trends that develop 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
- A 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.