Pre-opening Comments for Wednesday March 10^th

U.S. equity index futures are mixed this morning. S&P 500 futures are unchanged.

Crude oil added $0.13 per barrel after OPEC raised its forecast for crude oil demand in 2010 to 900,000 barrels per day. ‘Tis the season for crude oil prices to move higher. l Futures (CL) Seasonal Chart

Chart courtesy of www.equityclock.com

Allergan gained 2% after the company received FDA approval to market botox for additional health care purposes.

Chevron was downgraded Bank of America/Merrill from Buy to Neutral.

Pengrowth gained 1% after BMO Capital Markets upgraded the trust from Market Perform to Outperform

Intermune rose 15% after receiving an FDA panel approval of its lung disease drug.

Celestica was downgraded by Scotia Capital from Outperform to Sector Perform.

Brown Foreman is slightly higher after reporting better than consensus quarterly earnings.

Introducing the new Tech Talk

We have now become the Tech Talk Financial Network upon acquisition of http://EquityClock.com. The purpose of Equity Clock is to provide complementary data and analysis to that of Timing The Market. On EquityClock.com you’ll find technical, fundamental, and seasonal analysis of individual equities on the market. You can find seasonal studies and timelines, situational analysis, stock profiles, market sentiment and more.

You’ll find links to recent reports on the front page and in the daily reports under the heading “More from the Network”. Make it your source for up-to-date seasonal charts, daily analysis and market data, all for free.

We have also setup an initiative to share links with our audience. If you have a financial website and are interested in participating in a banner exchange with us, please visit http://TechTalkFN.com. It’s completely free and allows our audience to share in the traffic of the new Tech Talk Financial Network.

Enjoy!

Technical Action Yesterday

Technical action by S&P 500 stocks remained bullish yesterday. Eight S&P 500 stocks broke resistance (ADP, Citigroup, Coach, Compuware, Jacobs Engineering, Office Depot, Thermo Fisher and Yum Brands) and none broke support. The Up/Down ratio increased from 2.87 to (318/106=) 3.00.

Technical action by TSX Composite stocks also remained bullish. Seven TSX stocks broke resistance (Advantage Oil & Gas, AGF, CAE, Cominar REIT, Labrador Iron Ore Trust, Research in Motion and WestJet) and one stock broke support (Yamana Gold). The Up/Down ratio rose from 2.33 to (129/52=) 2.48.

Interesting Charts

Nice breakout by CAE to an 18 month high. ‘Tis the season for aerospace stocks to move higher! Current intermediate upside potential is to $10.75.

Chart courtesy of StockCharts.com www.stockcharts.com

Selected Canadian energy stocks are breaking to new highs. ‘Tis the season for the sector to move higher!

Chart courtesy of StockCharts.com www.stockcharts.com

Another key U.S. equity index broke resistance yesterday. The Dow Jones Transportation Average reached an 18 month high.

Chart courtesy of StockCharts.com www.stockcharts.com

Uranium prices are trying to bottom near support. They added $0.25 to $40.75 U.S. per lb. last week. (Chart courtesy of www.uxc.com )

Ux U3O8 Prices*

ETF News

Deborah Fuhr from Blackrock released her always interesting monthly report summarizing developments in the ETF industry. Following are highlights for February:

• The Global ETF industry traded 2,090 ETFs with 3,997 listing with assets valued at $1,001.5 billion U.S. Year-to-date, the number of ETFs increased by 7.3% with 143 new ETFs launched. The launch of another 840 ETFs is planned.
• The U.S. ETF industry traded 807 ETFs with assets valued at $678.6 billion U.S. Year-to-date the number of ETFs increased by 4.5% with 34 new ETFs launched.
• The Canadian ETF industry traded 132 ETFs with assets valued at $29.7 billion U.S. Year-to-date the number of ETFs increased by 21.1% with 23 new ETFs launched.

Adrienne Toghraie’s “Trader’s Coach” Column

Life is Bad Tomorrow
By Adrienne Toghraie, Trader’s Coach

www.TradingOnTarget.com

Many people are living in fear of a doom and gloom scenario for their future because of how they view the economy. Yes, it is true that the economy is not good for many people. It is also true that the threat of losing your job, losing your retirement and losing your insurance could be your next reality. But if you create a dark, negative world in your mind, you are more likely to create it in the real world. While the unemployment rate is high, what is also true is that a good majority of the population is working.

Taking Stock of the Present

No matter what your situation, the fact is that there are people that have it worse than you. While knowing this is not a comfort to those who are struggling, if we look at the fortunate side of our life, we will be a lot less stressed and more likely to be able to recognize opportunity.

We are a society where status quo is not okay. This year has to be better than last and next year has to be better than this. I have been preaching this for the last twenty-five years, and I certainly live my life with goals to make life richer. The bottom line for us as human beings is that we want to feel good. This is the one area that we do have control over in our lives. In the final analysis of life, we will look back on the special moments with special people as being the most rewarding parts of our life.

Trading and Traders Are Forever

Unless the whole world collapses, we can pretty much count on trading opportunities being there. This is why trading is so attractive to many people. But, it cannot be just the desire to make money for you to have trading success. You must enjoy the process. In order for this to happen, the resources of money, education and overcoming self-imposed limitations are key factors in your success. I know it is not easy to think about trading when you have to put food on the table, and you do not have these resources. However, if you dwell on a future that is without what you want, it is most likely that you will make it a self-fulfilling prophecy.

Inch Worm

Bill was a person who would not let his present situation define his future. He was a computer programmer for twenty-five years and lost his job. His wife, who was employed with a high paying job, decided to leave him for another man. I met Bill a little over a year ago thru a Webinar when he wrote, “I want to reap the rewards of a trading career, but I do not have money. My education is just from a few books, and I don’t know how I am going to support myself. Do I have a chance?” I told him that it was unlikely unless he was willing to change his circumstances. Here is the advice that I gave him:

· Find a creative way to look for a job instead of following the method everyone

else is using, and you will have less competition

· Clean out all the clutter in your environment

· Make good choices about creating energy

· Check out free Webinars for traders

· Go to trading and investment clubs and borrow the books that others recommend

· Or, if you want to know who to study with, take my Trader Evaluation

· Use your time as if it were your most precious commodity

Bill attended another Webinar that I was presenting two months ago. He wrote me after the Webinar to thank me for my advice, and to let me know how he had progressed. The first thing he did was clear out his environment. He said this enabled him to see a bright future.

Bill found a part time job by going to a meet-up group where he gave a speech about how to protect computers and make them more effective. One of the members of the group asked him several questions related to his own computers. Happy with the answers he received, he hired Bill. With this job, Bill made enough money to pay his bills. This gave him confidence to work harder on his trading. Happy with the trading mentor that I recommended; eventually he purchased all of his books. Bill developed a strategy and tested it to see that it was viable. The only problem was that he was only able to trade one contract. Over a six-month period he slowly started to grow his small account. Sharing the enthusiasm with his boss about trading and showing him the results he was getting, his boss asked if Bill would be willing to trade some of his money. They shared Bill’s success in trading with their meet-up group. Bill is now managing two million dollars, and he met a lady who has captured his heart.

I asked Bill how he sees his future and he said, “The sky’s the limit.”

Conclusion

It is easy to go down that dark road when you are depressed. If you remind yourself that you get to choose how you see your future, you are more likely not only to see a bright future, but manifest it as well.

Adrienne’s Calendar of Events

www.TradingOnTarget.com

DATE	EVENT	TITLE	PRESENTER	FEE
3/17	Webinar	Introduction to MetaStock	Jeff Gibby	FREE

Registration for MetaStock URL:

http://tradingontarget.omnovia.com/registration/pid=57071268160576

3/20	½ Day Webinar	Master Class for Traders *	Adrienne	$500 *
7/17-7/18	Live Seminar	Top Performance Seminar *	Adrienne	$2,500 *

Go to www.TradingOnTarget.com or email: Adrienne@TradingOnTarget.com for more information

* Ask for early enrollment special

CSTA News

The Canadian Society of Technical Analysts is launching a chapter in Winnipeg. Following is the contact information:

Wednesday, March 17^th at 7pm (Winnipeg time)

Meeting of the Winnipeg Chapter of CSTA

Guest Speaker: TBA

At: National Research Council building,

435 Ellice Avenue (Ellice and Vaughan)

Contact Allen Hosey 925-5204 days, to confirm attendance.

Lou Schizas’ Blog

Lou Schizas offers an interesting comment entitled, “Gold Wheaton: The bigger the base, the better the case”. Following is a link to his blog:

http://www.happycapitalism.com/2010/03/the-bigger-the-base-the-better-the-case/#comments

FP Trading Desk Headlines

Headline reads, “Gold stock performance in rate hike cycles”. Following is a link to the report:

http://network.nationalpost.com/NP/blogs/tradingdesk/archive/2010/03/09/gold-stock-performance-in-rate-hike-cycles.aspx

Headline reads, “Scotia Capital stays bullish on Canada”. Following is a link to the report:

http://network.nationalpost.com/NP/blogs/tradingdesk/archive/2010/03/09/scotia-capital-stays-bullish-on-canada.aspx

Headline reads, “12 reasons to be bullish”. Following is a link to the report:

http://network.nationalpost.com/NP/blogs/tradingdesk/archive/2010/03/09/12-reasons-to-be-bullish.aspx

Headline reads, “Four reasons to be bearish on stocks”. Following is a link to the report: http://network.nationalpost.com/NP/blogs/tradingdesk/archive/2010/03/09/4-reasons-to-be-bearish-on-stocks.aspx

Thackray’s 2010 Investor’s Guide

Tech Talk frequently mentions Brooke Thackray and his book entitled, “Thackray’s 2010 Investor’s Guide”. The book summarizes attractive seasonal trades that are available during the year. The book can be purchased directly at Amazon.ca and Amazon.com. Following are links to these book stores:

U.S. Customers: Thackray’s 2010 Investor’s Guide: How to Profit from Seasonal Market Trends (Thackray’s Investor’s Guide)

Seasonal trades in the book that currently are active include Consumer Discretionary, Small Cap, Platinum, U.S. Materials, U.S. Retail, U.S. Oil Exploration & Production, U.S. Energy and Metals & Mining.

Disclaimer: Comments and opinions offered in this report at www.timingthemarket.ca are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.

Don Vialoux is a research analyst for JovInvestment Management Inc. All of the views expressed herein are the personal views of the author and are not necessarily the views of JovInvestment Management Inc., although any of the recommendations found herein may be reflected in positions or transactions in the various client portfolios managed by JovInvestment Management Inc

HAP Seasonal Rotation E.T.F. HAC $10.50 March 9 2010

· High 10.55

· Low 10.38

· Bid 10.38×5 lots

· Ask 10.55×5 lots

· Volume 6,975

· Open 10.38

· Previous Close 10.50

· 52-week High 10.65 on Jan 18

· 52-week Low 9.44 on Feb 5

· Beta 2.33

· Net Asset Value per unit: $10.48

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