Skip to main content

Don Vialoux is a research analyst at Horizons Investment Management. His focus is on technical analysis and seasonal investing.

Top picks:

Horizons S&P 500 Index ETF

Story continues below advertisement

The period of seasonal strength in North American equity markets from Oct. 28 to May 5 is rapidly approaching. Recent weakness primarily in U.S. equity indices is setting the stage for the annual opportunity to return to equity investment at better prices.

Select Sector SPDR-Technology

The period of seasonal strength in the sector is from Oct. 9 to Jan. 17 has just arrived. Recent weakness in the sector is setting the stage. On the charts, the sector is short term oversold and due for a recovery. The sector benefits from purchases of electronic products by consumers and businesses prior to the Christmas season

iShares Trust Shares DJ Transportation Average Index Fund

The period of seasonal strength in the sector is from Oct. 10 to Nov. 13. On the charts, the Dow Jones transportation average is expected shortly to break above its all-time high at 6,755. Demand for transportation services is stronger prior to the Christmas season.

Past Picks: September 28, 2012

SPDR DJIA ETF
Then: $13405
Now: $151.79
Total return: +16.04 per cent

Story continues below advertisement

PowerShares QQQ Trust
Then: $68.57
Now: $79.13
Total return: +17.04 per cent

Horizons S&P/TSX 60 ETF * Stock Split, 1 for 2. 9/9/13
Then: $10.47
Now: $22.85
Total return: +9.12 per cent

Total return average: +14.07 per cent

Market outlook:

North American equity market continued to follow their traditional seasonal pattern: strength from the end of October to the beginning of May and above-average volatility with limited return during the beginning of May to end of October period. Preferred strategy is to "Buy when it snows (usually for the first time around the end of October) and to Sell when it goes (finally near the end of April." In the short term, equity markets are obsessed with political developments in Washington. When the rhetoric is cooled, equity markets are expected to move higher.

Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies