Tech Talk for Tuesday May 20th 2008

Tech Talk for Tuesday May 20^th 2008

(Mr. Vialoux is scheduled to appear on BNN Television at approximately 2:00 PM today)

For easy access to Tech Talk for Monday, May 19^th, click on http://dvtechtalk.com/May/May19.htm

Pre-opening Comments for Tuesday May 20^th

9:05 AM EDT: U.S. equity index futures are moving lower this morning. Dow Jones Industrial Average futures are off 97 points before the opening. The S&P 500 Index and the NASDAQ Composite Index briefly moved above their 200 day moving average yesterday, but once again found resistance.

Chart courtesy of StockCharts.com www.stockcharts.com

Equity index futures moved lower following release of the April Producer Price Index. Consensus was an increase of 0.4% versus 1.1% in March. Actual was an increase of 0.2%. Consensus for Core PPI was an increase of 0.2% versus 0.2% in March. Actual was an increase of 0.4%.

The U.S. Dollar weakened following release of the PPI report. Commodity prices strengthened.

Home Depot is slightly higher in overnight trade after reporting higher than expected first quarter operating earnings. Consensus was $0.37 versus $0.48 per share. Actual was $0.41 per share. Home Depot has an improving technical profile. The stock appears to be forming a base building pattern. The pattern is broken on the upside on a move above $30.80.

Chart courtesy of StockCharts.com www.stockcharts.com

BCE traded lower in U.S. equity markets yesterday on rumors that international banks were urging a change in terms for loans needed to complete privatization of the company. The decline happened on higher than average volume. BCE will play “catch up” on the Toronto Exchange at the opening.

Chart courtesy of StockCharts.com www.stockcharts.com

Technical Action by S&P 500 stocks yesterday

Technical action remains bullish. Nineteen S&P 500 stocks broke resistance yesterday. None broke support.

S&P 500 stocks breaking resistance

Stock Symbol Previous New News

Trend Trend

Amazon.com AMZN Neutral Up Upgraded by Goldman

Apartment Inv. AIV Neutral Up

Bemis BMS Up Up

Broadcom BRCM Down Up

Caterpillar CAT Up Up

Devon Energy SLB Up Up

Eastman Chemical EMN Up Up

Eaton ETN Up Up

Equity Res. EQR Up Up

Leggett & Platt LEG Neutral Up

Murphy Oil MUR Up Up

Oracle ORCL Up Up

Perkin Elmer PKI Up Up

Plum Creek Timber PCL Neutral Up

Prologis PLD Up Up

Richard Ellis CBG Up Up

Schlumberger SLB Up Up

Titanium Metals TIE Down Up

Vulcan VMC Down Up

ETF News

Direxion Funds has proposed the first ETF to give triple the daily return on mainstream indices including the S&P 500 Index, Dow Jones Industrial Average and the NASDAQ 100 Index. MER is expected to be 0.75%.

Wisdom Tree has launched four currency income ETFs on the NYSE. They are:

ETF Symbol

Chinese Yuan Fund CYB

Indian Rupee ICN

Brazilian Real BZF

Euro IEU

Seasonal Strength in U.S. Equity Markets In Late May

Thackray’s 2007 Investor’s Calendar notes that U.S. equity indices have a history of moving higher from the two trading days prior to Memorial Day (next Monday) to five trading days in June. Average gain per period for the S&P 500 Index from 1971 to 2006 was 1.4%. The trade was profitable 72% of the time.

Canada’s Minister of Finance, The Honourable James M. Flaherty to present at the 7^th Annual Canada Cup of Investment Management

Attention: Investment Advisors: Following is an invitation to the 7^th Annual Canada Cup of Investment Management in Toronto on June 5^th and 6^th. The price is right: It’s free to those who register through this web site.

Tech Talk is one of the presenters. Topic is: “How Can You Be A Better Advisor/Planner”. Following is an official invitation:

owHo

Information Management Network’s 7th Annual Canada Cup of Investment Management

Hear thought leaders from the global retail advisory world

Dear Colleague,

It is my pleasure to make you aware of a unique educational and networking opportunity in Toronto on June 5-6. Information Management Network is hosting their 7^th Annual Canada Cup of Investment Management to be held at The Westin Harbour Castle in Toronto June 5^thand 6th. As a speaker at Canada Cup of Investment Management, I am pleased to join IMN and offer a complimentary pass for you to attend, but please note: There is a limited number of complimentary passes. You must be a retail advisor or financial planner to receive the complimentary pass.

Join Canada’s top finance and investing professionals to discuss the unique issues and achievements of the Canadian marketplace. The program includes a specially designed set of panels on the issues and new product offerings facing retail advisors and financial planners. You can expect a program focused on institutional investor issues, with concurrent sessions addressing public fund management and quantitative strategies. To view the program agenda visit: www.imn.org/etm1102

This annual event regularly attracts over 300 decision makers, and offers great networking and educational opportunities. Attendees will include thought leaders from the retail world, investment advisors, investment officers and trustees from leading pension plans, consultants, money managers, and other financial innovators.

The program is a great opportunity for leaders in the advisory community. Retail panels will include:

· How can you be a better advisor/planner?

· Using ETFs in retail portfolios.

· Structured products – how can they work for your business?

Retail advisors and financial planners, can attend Canada Cup of Investment Management for free. How to register?

Email Gina Dzurenda of Information Management Network at gdzurenda@imn.org as soon as possible and advise you received this invitation from Don Vialoux. Include in the email a copy of your business card or present your business card at registration..

Important note: You must receive an email confirmation from Gina Dzurenda to qualify for the free retail advisory/financial planner ticket. A limited number of tickets will be given on a first-come, first-served basis. All tickets are subject to final approval by IMN.

A few of the companies that are participating: