Walt Disney Company (NYSE:DIS) – $32.37
Walt Disney was upgraded this morning by Bank of America/ Merrill from Neutral to Buy. Target price was raised from $33 to $42. Disney has an improving technical profile. This morning the stock briefly broke resistance at $32.75 to reach a 17 month high. Short term momentum indicators (MACD, RSI) [...]

 
Rowan Companies (NYSE: RDC) – $27.74
Rowan Companies has an improving technical profile. This morning, the stock broke resistance at $27.54. Current intermediate upside potential is to $35.75.

Chart courtesy of StockCharts.com www.stockcharts.com
Rowan Companies is the first major U.S. oil service stock to break resistance and reach a 17 month high. The Oil Service sector has [...]

 
Canadian bank stocks continue to move higher on better than consensus fiscal first quarter earnings and anticipation of other banks beating estimates. Bank of Montreal was the trigger today with earnings of $1.13 versus consensus of $1.03. Two more Canadian bank stocks broke resistance this morning, Commerce Bank and National Bank.

Chart courtesy of StockCharts.com [...]

 
The U.S. January Consumer Spending report released this morning confirmed that U.S. consumers continue to spend money. Spending rose another 0.3% versus an increase of 0.2% in December. Consumer Discretionary SPDRs (NYSE:XLY) – $30.79, that track the S&P Consumer Discretionary Index, are responding by breaking above resistance to reach a 17 month high. Current intermediate [...]

 
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TSX Composite Index versus the S&P 500 Index
Brooke Thackray recently completed a study showing that the TSX Composite Index tends to outperform the S&P 500 from near the end of February to near the middle of March. Following are the charts:
TSX versus S&P 500 in February 1985-2009

TSX versus S&P 500 in March 1985-2009

Seasonality [...]