More Record Highs In The U.S. As CDN Equities Slip To End Q1

allpennystocks Newsletter

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http://ymlp204.net/zNDwjU ——————————————————————————– March 31, 2013 Month In Review…

Week & Month In Review For March 25 to March 29, 2013 Canadian Technical Penny Stocks To Watch This Week:

* Sprott Power Corp. (TSX:SPZ) * Horizons BetaPro Crude Oil Bull Plus ETF (TSX:HOU) * Epsilon Energy Ltd. (TSX:EPS) U.S. Technical Penny Stocks To Watch This Week:

* Dendreon Corp. (Nasdaq:DNDN) * Delcath Systems Inc. (Nasdaq:DCTH) This week on AllPennyStocks.com:

* Article Published, March 26, 2013: LifeApps Digital Media Buys Daily Deal Website (http://www.allpennystocks.com/aps_us/special-reports/343/lifeapps-digital-media-buys-daily-deal-website.htm) (U.S. Company) * Article Published, March 27, 2013: Magellan Aerospace Shares Nip Higher on Strong Earnings and Revenue in 2012 (http://www.allpennystocks.com/aps_ca/special-reports/338/magellan-aerospace-shares-nip-higher-on-strong-earnings-and-revenue-in-2012.htm) (CDN Companies) * Article Published, March 28, 2013: Digital Development Group Partners with Hollywood Bad Boy Charlie Sheen (http://www.allpennystocks.com/aps_us/special-reports/344/digital-development-group-partners-with-hollywood-bad-boy-charlie-sheen.htm) (U.S. Company) Video charts for the week:

* March 27th Technical Video Chart For NVTL. The Novetel Wireless chart is in an uptrend in 2013 and holding a support at $1.80. The MACD and RSI are giving hints that another move upward may be coming after a pullback from highs at $2.44, putting the chart on watch to break resistance at $2.00. view:

( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/FXe6TqMUw5w ).

* March 27th Technical Video Chart For EPS:CA. Epsilon Energy is sitting near all-time highs with a move late last week to push through resistance at $4.20. The indicators are still very bullish as the pps continues to hold the new support, keeping it on watch for another push to test highs from two years ago. view:

( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/KkvyHld9F20 ).

Featured Link: BullishInvestor.com ( http://www.bullishinvestor.com) – Offering Free U.S. and Canadian technical analysis charts, bullish/bearish ratings and stock screening tools for over 15,000 stocks utilizing technical analysis techniques such as candlestick charting, technical analysis indicators as well as volume and trend analysis.

WEEKLY & MONTHLY UPDATE – MORE RECORD HIGHS IN THE US AS CANADIAN EQUITIES SLIP TO END FIRST QUARTER The Dow did it again and the S&P finally did it. New all-time highs that is in a shortened trading week as the US, Canada and most of Europe took Friday off for Good Friday ahead of the Easter holiday on Sunday.

Stocks started the week skittish over growing concerns about Cyprus as a deal was reached to provide much-needed 10 billion euro in bailout funds for the tiny island nation to prevent it from falling into bankruptcy and exiting the euro zone. Investors were acutely concerned that the agreement, which levies taxes on certain bank accounts with more than 100,000 euros and called for a deep restructuring of banks, could set a precedent for other nations in need of emergency funds from the European Central Bank and International Monetary Fund. Jeroen Dijsselbloem, the head of the Eurogroup of euro-zone finance ministers, told Reuters that what happened in Cyprus could be a model for bailouts throughout the EU; a comment that he later recanted, saying that deals would be tailored to individual situations.

Cypriot banks remained closed while the financial package was inked with the world concerned that there was going to be a run on banks with account holders draining their cash to avoid taxes. After being shuttered for nearly two weeks, banks re-opened for several hours on Thursday with capital restrictions in place for the first time in 14 years in a euro zone country to prevent a run on the banks. Some initial congestion was reported, but, much to the favor of the markets, no massive banking chaos happened upon re-opening of doors.

Rebounding from the slow start, the Dow Jones pushed ahead again to make new record highs, breaking 14,500 to cap a strong first quarter.

The S&P 500 had been flirting with a new record high for weeks and on Thursday finally found the gumption to make the move to pass the old mark set in October 2007. Because of the magnitude of the number of companies, investors tend to put more faith in the S&P 500 as a barometer of market health. Recovering all the losses from the “Great Recession” and then some is the latest sign that the US economy continues to recover.

US markets were buoyed by more optimistic economic data showing that the country grew more than originally estimated in the fourth quarter (although still far below Q3 growth), the continued strengthening of the housing market, strong consumer spending and growing durable goods orders all gave investors reason to cheer. Canadian stocks limped along, despite reports from the nation`s number crunchers that the economy grew at a faster-than-estimated pace in January, hinting that manufacturing may be gaining tractions after slowing in 2012.

Political uncertainty in Italy was also largely shrugged-off by the markets as Democratic Party head Pier Luigi Bersani was rejected by leaders of Beppe Grillo’s Five Star Movement after their talks aimed at forming a governing coalition were broadcast live on the Internet.

The political indecision leaves the country without a government, inciting worries of the financial future of the struggling nation and third largest economy in the euro zone. This kept heavy pressure on the euro, which plunged to four-month lows against the US dollar.

By large US stocks are back riding the momentum wave after taking a brief pause early in the week. The fact that GDP growth slowed in the final quarter of 2012 couldn`t stop it. Legitimate concerns from Europe couldn`t stop it. Sequester taxes early in the month couldn`t stop it. What will That is impossible to tell, of course. This coming week, the latest unemployment figures will be coming from both Canada and the United States late in the week that could certainly put the breaks on the rise if weaker than expected data is delivered, or perhaps give stocks in Canada a kick that they need to trek upward again after slowing in March. Some influential US manufacturing data will also be coming early in the week, which could sway markets.

Other than those key economic releases, there is not much being delivered next week that would generally be described as market moving. With the breakout to new highs, it does not seem likely that the bulls will voluntarily stop their run to take profits as the second quarter gets underway.

The Canadian dollar closed the gap towards parity with the US dollar this past week as Canada`s economy grew faster than expected in the first quarter and consumer prices increased at the fastest face in more than two decades. Recovering from early week loses on concerns from Cyprus, the loonie climbed to its highest level in a month against the greenback. The USD performed well itself, with the ICE Dollar Index, which measures the USD against a basket of world currencies, rising 0.75 percent this past week. On the week, Canada`s dollar recovered 0.55%, or $0.005335 against the greenback, meaning next week will begin with one Canadian dollar buying US$0.9829. On the month, the Canadian dollar gained $0.0088, or 0.90 percent, on the USD.

Commodity Snapshot:

* Gold futures slipped mildly as investors continue to ignore gold as a safe haven with lingering euro zone worries as traders squared their books in the final trading week of the month. Even the meager GDP growth in the U.S. of 0.4% in Q4 didn`t attract safe haven investments in gold as a hedge against inflation of money printing by the Federal Reserve to buoy the economy. Gold also faced some psychological pressure with the Dow Jones and S&P 500 driving to historic highs, keeping traders looking to equities and not precious metals. June contracts were the most actively traded during the past week, sliding $10.40 per ounce, or 0.65%, to $1,595.70. On the month, spot gold increased by $17.30 per ounce, or 1.10 percent, to $1,597.10.

* Silver futures were in the doldrums along with gold as the USD continued to push higher while the euro sat near four month lows.

Because silver is priced in US dollars, a strong dollar makes precious metals and other commodities more expensive to investors using other currencies, lending further reasons to avoid silver. On the week, May contracts for silver were the most actively traded, fading back towards a bottom support by losing 37.5 cents, or 1.31 percent, to $28.323 per ounce. For all of March, spot silver lost 18 cents per ounce, or 0.63 percent, to $28.37.

* Copper prices were hit hard this past week due to a supply glut in the market, slowing growth in China and economic unrest in Europe. As China, the world`s largest copper consumer by far, is working to curb inflation and rely less on imports, copper has been a victim as the world can`t find another economy to replace the massive appetite that the country has had for copper in the past. Prices had risen to kick-off 2013, but have been on a nosedive since to end the first quarter down about 5 percent from the end of 2012. May contracts were the most actively traded on New York`s COMEX exchange during the week; carving off 6.4 cents, or 1.85%, to $3.402 per pound. During the month of March, copper prices sagged 4.22 percent, or 15 cents per pound, to $3.405.

* Oil prices rose each day this week to run its string of green closes to five, closing at their highest level since February 14.

Data from Germany showing increased retail sales and the calm re-opening of banks in Cyprus helped crude continue its rally heading into the holiday weekend. Oil traders ignored the strengthening USD and reports showing that crude stockpiles surged more than expected, which should be on investors` minds as the second quarter gets underway. On the week, May contracts for West Texas Intermediate crude were the most actively traded; adding $3.52, or 3.76%, to $97.23 per barrel. For all of March, oil prices increased by 5.82 percent, $5.35 per barrel.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * Major gold miners stopped in their tracks after gaining the week earlier. Newmont Mining (TSX:NMC, +0.21%) edged ahead, but Goldcorp (TSX:G, -0.44%), Agnico-Eagle Mines (TSX:AEM, -0.64%), Barrick Gold (TSX:ABX, -0.63%), Kinross Gold (TSX:K, -3.37%) and Yamana Gold (TSX:YRI, -2.19%) all moved lower.

* Major energy plays were surprisingly weak with rising oil prices.

Exxon Mobil (NYSE:XOM, +0.92%) and Talisman Energy (NYSE:TLM, +1.74%) notched gains, however, Imperial Oil Ltd. (NYSE:IMO, -1.85%), Suncor Energy (NYSE:SU, -0.89%), Cenovus Energy (NYSE:CVE, -0.67%) and Canadian Natural Resources (NYSE:CNQ, -0.09%) all posted a losing week.

* Inter Pipeline Fund (TSX:IPL.UN, +0.89%) announced that it has entered into binding agreements to provide bitumen blend and diluent transportation services to three major oil sands projects owned by the FCCL Partnership, a business venture between Cenovus Energy and ConocoPhillips (NYSE:COP, -1.33%). Inter Pipeline currently forecasts this development program will cost $2.6 billion, up from a previous estimate of $2.2 billion due to changes in the scope of requested services and the further refinement of capital costs.

* Suncor Energy said that it is not going ahead with its troubled Voyageur oilsands upgrader project, citing “significant” changes in market conditions which have challenged the economics of the project.

Suncor took a $1.49-billion writedown on Voyageur in the fourth quarter of 2012 and said it will take a charge to its first quarter net income and cash flow from operations of approximately $140 million and $180 million, respectively, as a result of the decision.

* The biggest of banks in the US struggled again last week. Goldman Sachs Group (NYSE:GS, +0.38%) was a rare winner as JPMorgan Chase (NYSE:JPM, -2.71%), Bank of America (NYSE:BAC, -3.03%), Wells Fargo & Co. (NYSE:WFC, -0.56%), Citigroup (NYSE:C, -2.19%) and UBS AG (NYSE:UBS, -1.35%) all depreciated in value. XLF (NYSE:XLF, +0.19%), the financials select sector SPDR that tracks the financial stocks in the S&P 500, was buoyed by smaller banks to hold near five-year highs.

* Canada`s biggest banks tracked their peers to the south. Bank of Montreal (TSX:BMO, -0.00%) had a flat week while Toronto-Dominion Bank (TSX:TD, +0.74%) inched up, but Bank of Nova Scotia (TSX:BNS, -0.57%), Royal Bank of Canada (TSX:RY, -0.28%), Canadian Imperial Bank of Commerce (TSX:CM, -2.02%) and National Bank of Canada (TSX:NA, -0.23%) all docked points.

* Canada`s banking regulator, the Office of the Superintendent of Financial Institutions, identified the aforementioned six largest banks in the nation as “systemically important” to the country. As a result, those banks will be subject to enhanced disclosure and an additional surcharge equal to 1 percent of risk-weighted capital by Jan. 1, 2016.

* BlackBerry (NASDAQ:BBRY, -3.12%) started the week slipping, after news of a lukewarm launch of its new Blackberry 10 smartphones in the U.S. and a downgrade by Goldman Sachs, but made up some of the losses by surprising with a net profit in the latest quarter. The company posted a profit of $98 million, or 19 cents per share, compared with a loss of $125 million, or 24 cents per share, a year ago. The report was received with mixed feelings as Blackberry still posted a net loss of $646 million for the full year and came up short on sales expectations.

* RV maker Winnebago (NYSE:WGO, -4.27%) reported fiscal second-quarter-2013 revenue of $177.2 million, topping $131.6 million in the second quarter of fiscal 2012. Net income for the quarter totaled $6.3 million, or 22 cents per share, compared to a net loss of $912,000, or 3 cents per share, during the year prior quarter. Both results far surpassed analyst predictions of 14 cents per share in earnings on revenue of $171 million.

* Tesla Motors Inc. (NASDAQ:TSLA, +3.47%) shares got a lift after CEO Elon Musk tweeted that a “really exciting @TeslaMotors announcement” would be coming next week. Musk is well known for stoking the fire of controversy surrounding posting corporate information on social media.

* The winds swirled again around the board at fertilizer maker Agrium Inc. (TSX:AGU, -3.78%) with investors received diverging opinions changing management from two major proxy advisory firms. Jana Partners LLC, the activist investor pushing for the changes, said proxy advisor Institutional Shareholder Services recommended shareholders vote for two of the five of its nominees while Glass, Lewis & Co. LLC said that its clients vote for all 12 of nominees put forward by Agrium.

* Bombardier Inc. (TSX:BBD.B, -0.74%) reported that it is a “bit late” in development of its C-series jet, but it has fully powered up the main electrical systems for the first time. The company also says it has completed two crucial wing tests and still plans to meet the schedule for the commercial plane`s first flight by the end of June.

* Boeing (NYSE:BA, +1.21%) reported completing the first test flight for its troubled 787 Dreamliner since redesigning the aircraft`s battery system. However, another test flight scheduled for later in the week was postponed, although the company did not comment on the reason.

* Dell (NASDAQ: DELL, +1.91%) shares rose after the PC maker said that it had received two competing bids to founder Michael Dell`s buyout offer. The offers came from Carl Icahn`s Icahn Enterprise and Blackstone Group, both of which could end up being higher than Michael Dell`s offer.

* Shares of Facebook (NASDAQ:FB, -0.58%) slid for the third straight week after the SEC approved NASDAQ`s plan to pay $62 million to trading firms that incurred losses on the day of Facebook`s botched IPO.

* Speaking of a red streak, Cliffs Natural Resources (NYSE:CLF, -8.43%) plunged for the eighth consecutive week upon downgrades from Morgan Stanley and Credit Suisse. The stock was the worst performer on the S&P 500 in the first quarter, with its market cap getting more than halved since the start of the year.

* On the IPO front, shares of Pinnacle Foods (NYSE:PF), owner of brands including Duncan Hines and Birds Eye, raised $580 million in its initial public offering after pricing shares at the high end of its range. Shares opened at $20 and rose as high as $22.82 before closing it first week of trading at $22.21.

Weekly Indices Results:

The S&P TSX Composite Index slipped lower for the second straight week; falling 7.45 points, or 0.06%, to 12,749,90. The TSX Venture Exchange followed along, retreating another 7.35 points, or 0.66%, this past week to 1,099.00.

In the States, the Dow Jones Industrial Average managed to make a new all-time high, rising by 66.51 points, or 0.46%, to 14,578.54. The much-broader S&P 500 closed at its highest price ever; advancing 12.30 points, or 0.79%, to close at 1,569.19. The tech-rich NASDAQ Composite also drove north; climbing 22.52 points, or 0.69%, to 3,267.52.

Canadian Economic Data:

* Statistics Canada reported that the Consumer Price Index rose 1.2% in the 12 months to February, following a 0.5% advance in January, marking the fastest rise since January 1991. This 0.7 percentage point increase in the 12-month change was led by transportation prices, which rose 2.0% on a year-over-year basis in February, after falling 0.5% in January. The rise in the transportation index was attributable to higher prices for gasoline and for the purchase of passenger vehicles, both of which rose in the 12-months to February after declining in January. Gasoline prices advanced 3.9% year over year in February following a 1.8% decrease in January. On a monthly basis, gasoline prices rose 8.4% in February, the largest monthly increase since May 2008.

* The Industrial Product Price Index rose 1.4% in February, the biggest advance since June 2008, led by higher prices for petroleum and coal products, although all major commodity groups except meat, fish and diary products were up for the month. The petroleum and coal products group (+6.6%) posted its largest gain since March 2011. Price increases were observed for most products, including gasoline (+8.3%) and diesel fuel (+5.6%). The increase in gasoline prices was partly attributable to reduced supply and higher world prices for crude oil.

The IPPI excluding petroleum and coal products rose 0.6% in February.

Compared with February 2012, the IPPI increased 1.0%, after edging down 0.1% in January.

* StatsCan also said that the Raw Materials Price Index increased 2.2% as a result of higher prices for crude oil. It was the second straight monthly advance, with all major product groups ahead, except for non-metallic minerals. The increase of the index was mostly a result of mineral fuels (+3.3%), particularly crude petroleum (+3.5%).

The RMPI excluding mineral fuels was up 1.3% in February. Upward pressure was also exerted on the RMPI by non-ferrous metals (+2.7%), which increased mainly because of higher prices for copper concentrates (+3.8%) and zinc concentrates (+6.2%). Compared with the same month one year earlier, the RMPI decreased 2.0%, continuing the downward trend that began in March 2012, largely because of a 4.8% drop in mineral fuels.

* Real gross domestic product rose 0.2% in January, after a 0.2% decrease in December, topping economist predictions of 0.1 percent expansion. Manufacturing was the largest contributor to the January growth. Goods production grew 0.4% in January, led by the increase in manufacturing. Mining, quarrying and oil and gas extraction also increased. In contrast, the agriculture and forestry sector and construction declined. The output of service industries was up 0.2% in January, mainly as a result of gains in wholesale trade, arts and entertainment, and the public sector.

This week, major economic data will be slow until Friday brings the latest unemployment report, Trade Balance and Ivey PMI.

U.S. Economic Data:

* The Commerce Department reported that new orders for durable goods, items from toasters to aircraft meant to last more than three years, jumped 5.7 percent in February after falling 4.9 percent in January, led by 21.7% resurgence in the transportation segment. It was the fifth expansion in six months. Orders for “core” durable goods, those excluding the volatile transportation and defense segments, fell 2.7 percent, the largest drop since July and more than the 1.2% decrease forecast by economists.

* The sale of new homes in February slipped to a seasonally adjusted rate of 411,000, down 4.6% from January, although still 12.3% ahead from February 2012, according to the Commerce Department. The median sales price for a new home was $246,800. The number of homes for sale at the end of February represented a 4.4 month supply at the current sales pace.

* In the third and final revision of gross domestic product, the Commerce Department upwardly revised economic growth during the fourth quarter to 0.4 percent growth. In the first estimate, GDP showed a 0.1 percent contraction for the quarter, which was upwardly revised to 0.1 percent expansion in last month`s revision. The final figure confirmed a rapid deceleration in the economy at the end of the year after growing 2.2 percent for all of 2012, including 3.1 percent in Q3.

* The Labor Department said that initial jobless claims increased 16,000 to a seasonally adjusted 357,000 in the week ended March 23.

The previous week`s figure was revised from 336,000 to 341,000.

Economists were expected a decrease in claims to 340,000. The four-week moving average, regarded as a better barometer of labor trends because it eliminates volatility, rose by 2,250 to 343,000.

* Personal income increased $143.2 billion, or 1.1 percent, and disposable personal income (DPI) increased $127.8 billion, or 1.1 percent, in February, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) increased $77.2 billion, or 0.7 percent. In January, personal income decreased $513.5 billion, or 3.7 percent, DPI decreased $498.3 billion, or 4.0 percent, and PCE increased $40.8 billion, or 0.4 percent, based on revised estimates.

Real disposable income increased 0.7 percent in February, in contrast to a decrease of 4.0 percent in January. Real PCE increased 0.3 percent in February, the same increase as in January.

* The final reading of the Thomson Reuters/University of Michigan Consumer Sentiment Index showed a 78.6, ahead of the 72.5 the economists expected. Although outpacing expectations, the reading is still far below the 90 mark that was steady before the market collapse five years ago.

This week, data in the States will include ISM Manufacturing Index on Monday; Factory Orders on Tuesday; ISM Non-Manufacturing Index on Wednesday; Initial Jobless Claims on Thursday; and the Trade Balance and latest Unemployment report on Friday.

Technical Penny Stocks to Watch & Company Spotlight Results:

Amongst our “Daily Technical Penny Stocks to Watch,” our biggest mover was Delcath Systems, Inc. (Nasdaq:DCTH), which was posted as a technical penny stock to watch on Thursday when the stock price was at $1.68. The stock had a strong day, rising quickly to close the day at $1.80 for gains of 12 cents, or 7.14 percent, on the highest volume in more than one week.

Investors are encouraged to keep a close eye on their email boxes next week, as we have an interesting Company that we are putting the final touches on before we share their story with all our investors. Look for this Company spotlight to hit your email boxes early this upcoming week.

The Month at a Glance – March Wow, what a month for US stocks. Canada Not so much. The Dow Jones, S&P 500 and Nasdaq have made the losses from the market collapse in 2008 a thing of the past now with the Dow and S&P 500 at record highs while the Nasdaq sits at its highest monthly close since January 2001. To the north, the TSX Composite faded a tad during March, but is still near one-year highs and fighting some resistance around 13,000. The smaller Venture exchange once again couldn`t get any wind under it, dropping to its lowest monthly close since June 2009.

Similar to the week in review discussed above, the US markets ignored global economic concerns in Europe and fed upon upbeat economic data domestically that shows the country is still strengthening, fueled in part by ongoing support from the Federal Reserve to stimulate growth.

Fed Chairman Ben Bernanke spent time in the hot seat, supporting stocks in March with commentary that the central bank`s $85-billion-per-month quantitative easing package isn`t going anywhere until he is sure that the recent decline in unemployment, strength in manufacturing and blossoming housing market isn`t just a head fake.

Bernanke also said that the bank was committed to keeping overnight lending interest rates effectively at zero until 2015, a mark that was established in 2008, in order to add further support to the nation`s economy.

In Canada, Finance Minister Jim Flaherty disclosed a new federal budget which didn`t call for any money being added (just for a shuffling of current funds), but did impose tighter lending rules for mortgages that will restrict bank`s ability to insure conventional mortgages to only those used in Canada Mortgage and Housing, or CMHC, securitization programs. Going forward, with both conventional and leveraged mortgages, all government-backed insurance must be CMHC-sponsored if it wants to be used as collateral as well.

Overseas, Cyprus was clearly the country receiving the largest amount of attention during the month as the country stared down the barrel of a full-blown financial collapse when the ECB threatened to withhold bailout capital unless the country would raise a pile of cash by making serious banking infrastructure changes and imposing levies on account holders big and small across the nation. A deal was finally struck in the last week of the month that delivered Cyprus 10 billion euros needed with the agreements penned that only account holders with more than 100,000 euros in the Bank of Cyrus, which accounts for about 60 percent of all the funds in Cypriot banks, being affected as well as other stipulated infrastructure changes.

Information from China was a bit of a drain on commodities as information came in showing that the world`s second biggest economy is still slowing. Data from HSBC showed that the nation`s service sector slowed in February while statistics on industrial production and retail sales both showed expansion compared to the year prior period, but missed growth projections of economists. In his final “state of the union” speech, outgoing Premier Wen Jiabao said the nation will have “to work hard to attain” it`s 7.5 percent growth target for 2013, but the country`s leaders will take steps to ensure that the goal is met, calming some nerves on Wall Street about sharper deceleration for the country.

The month was kicked-off with wrangling in Washington doing nothing to avoid the $8.5 billion in so-called “sequester” taxes that meant a series of spending cuts went into effect as of March 1. Investors largely agreed that lawmakers would cobble together a last-second plan to avoid the cuts and establish a new budget, similar to the way they addressed the fiscal cliff at the beginning of the year, but to no avail. In reality, it didn`t even barely make the miss a beat when a deal didn`t get done.

Wall Street instead decided to focus on the unemployment rate dropping to 7.7 percent in February, marking the lowest level since December 2008 and a host of other economic reports that beat economist predictions. What followed was a ten-day streak for the Dow Jones closing in the green, the longest winning run by the blue chip index since 1996.

US equities rallied the whole first quarter, thumbing their nose at the fiscal cliff, budget, arguing in Washington, tax hikes and more.

Although the majority of the gains came with a strong January, the first quarter ended with all three major US indexes up substantially.

The Dow notched its best first quarter since 1998 with an 11 rise, the S&P 500, which has climbed in five straight months, rose about 10 percent and the Nasdaq climbed more than 8 percent. Although the TSX Composite demurred in March, the benchmark Toronto index grew by about 2.5 percent in Q1. The Venture was the only Q1 laggard, carving off about 10 percent.

By comparison, the index of the world`s stock markets – excluding the US – is down by about 29 percent from highs in 2007.

The month coming to a close was also accompanied by estimates being raised by several firms for 2013 price targets, including Wells Fargo Advisors bumping-up its S&P 500 prediction from a range of 1,525-1,575 to 1,575-1,625. Netflix (NASDAQ:NFLX) was the best S&P 500 performer during the quarter with a jump of about 105 percent.

Monthly Indices Results:

* S&P TSX Composite: down 0.56% (-71.93 pts.) * TSX-Venture: down 3.03% (-34.36 pts.) * Dow Jones Industrial Average: up 3.73% (+524.05 pts.) * S&P 500: up 3.60% (+54.51 pts.) * NASDAQ: up 3.40% (+107.33 pts.) Monthly Equity Market Snapshot:

(All percentages on a monthly basis unless otherwise noted) * Shares of BlackBerry (TSX:BB, +7.94%) rose for the seventh consecutive month with the launch of its BB10 line of phones in the US complementing some large orders during the month. The German government ordered 5,000 phones while a mental health organization based in the United Kingdom ordered 1,000 phones. The contract with German ministries and federal agencies was part of a larger order of 10,000 phones, of which Samsung received the other half to be filled with its Galaxy handsets. Even bigger was the news that an unnamed partner had placed and order to begin shipping immediately for one million of its new BlackBerry 10 devices, the largest single order in the history of the company.

* The European Union fined Microsoft (NASDAQ:MSFT, +2.90%) 561 million euro, or about US$732 million, for failing to provide users of Windows 7 with a choice of Internet browsers. The EU watchdog said that Microsoft is the first company to break an agreement which would have allowed more than 15 million consumers an alternative to Internet Explorer. Microsoft rose each month in the first quarter of 2013.

* Target Corp. (NYSE:TGT, +8.72%) said that it has opened twenty of its outlet stores in Canada as part of a broad plan to open about 130 stores in the country. The first stores were opened in Ontario at the beginning of the month.

* Aurizon Mines Ltd. (TSX:ARZ, +0.68%) reported receiving a friendly $796-million takeover offer from Hecla Mining Co. (NYSE:HL, -14.62%).

Hecla`s offer valued Aurizon at $4.75 per share, 40 cents above Aurizon`s closing stock price on the prior Friday. The bid added to the drama surrounding the takeover attempt of Aurizon by Alamos Gold Inc. (TSX:AGI, -3.46%). Aurizon adopted a new shareholder rights plan trying to prevent Alamos, who owns 16% of Aurizon stock currently, from using its voting power to stop the takeover offer from Hecla.

Alamos retaliated by asking the B.C. Securities Commission to remove the “poison pill” anti-takeover defense erected by Aurizon, claiming it stops shareholders from exercising their rights to accept the Alamos offer.

* March also included the U.S. Federal Reserve releasing results from its so-called “bank stress tests” which showed that the biggest banks in the country have more than enough capital to withstand any future market shocks, with Citigroup (NYSE:C, +5.41%) being tagged as in the best position to handle any type of a recession. The passing of the tests opens the doors to banks increasing dividends and buying-back shares. After the results were released, Citi immediately announced that it has asked the Federal Reserve to okay a plan for a $1.2 billion repurchase of its common stock over the next year. Bank of America (NYSE:BAC, +8.46%) reported plans to repurchase $10.5 billion of common stock and preferred shares. Wells Fargo (NYSE:WFC, +5.44%) said it would increase its quarterly dividend payment to 30 cents per share, starting in the second quarter. J.P. Morgan Chase (NYSE:JPM, -2.98%) and Goldman Sachs (NYSE:GS, -1.74%) both issued capital plans, but the Fed put conditions on theirs. JP Morgan shares were hamstringed last month because the fed is in the thick of an investigation about their massive trading losses of their “London Whale” a couple years ago, with commentary from the fed surfacing that the big bank knowingly misled investors about the situation.

* Drugmaker Affymax Inc. (NASDAQ:AFFY, -48.11%) continued sizzling downward after the company said that it intends to cut its workforce by about 230 employees, or 75 percent, including its Chief Commercial Officer, as it searches for alternatives after having to recall its anemia drug Omontys in February due to a few fatalities with first-time users of the drug. Shares have fallen from around $26 per shares to the area of $1 each in the past four months.

* Directories publishers Dex One Corp (NYSE:DEXO, -3.93%) and SuperMedia Inc. (NASDAQ:SPMD, -3.25%) filed for Chapter 11 bankruptcy after failing to garner 100-percent approval of senior secured lenders necessary to amend credit agreements to complete the merger of the companies. The “pre-packaged” bankruptcy filings are a strategic alternative to proceed with the merger and is not expected to affect any operations, salaries or debt obligations.

* Canada`s Competition Bureau approved Bell Canada`s (TSX:BCE, +2.09%) takeover offer of Astral Media Inc. (TSX:ACM.A, +2.02%) as long as BCE divests Astral`s interests in several specialty and pay television channels, saying that not making those moves could lead to higher prices and less choices in television programming. The deal still requires approval from the CRTC.

* Ligand Pharmaceuticals (NASDAQ:LGND, +29.75%) said that it signed global license and supply agreements with Spectrum Pharmaceuticals (NASDAQ:SPPI, -34.56%) to develop and commercialize Ligand’s Catisol-enabled, propylene glycol-free melphalan, currently in Phase III clinical trials as a treatment for multiple myeloma patients before they receive an autologous stem cell transplant. The agreement helped slow the plummet of Spectrum that began a day earlier when the biotech reduced its guidance by cutting expected sales for Fusilev, its flagship cancer drug, by about 50 percent.

* The story surrounding nutritional supplement company Herbalife Ltd.

(NYSE:HLF, -7.05%) took another turn as billionaire activist investor Carl Icahn disclosed raising his holdings in the company from 13 percent to 15.5 percent. Icahn and hedge fund manager Bill Ackman, who has a billion-dollar short position in Herbalife, have been at war in 2013 over their opposing sentiment toward the company.

* Shares of Carnival Cruise Lines (NYSE:CCL, -4.11%) slipped lower after its Carnival Legend cruise ship experienced technical issues with its propulsion system, causing the cruise to skip a stop in the Grand Cayman Islands and putter its was back to Tampa, Florida. This was just the latest in a string of problems the company has had recently (four total in a few weeks) and the icing on the cake was the cruise ship operator lowering its full-year outlook.

* In some mining news, First Quantum Minerals Ltd. (TSX:FM, +0.57%) said that its $4.8-billion takeover of Inmet Mining Corp. (TSX:IMN, -0.37%) is getting very close as 85.5 percent of Inmet shares have now been tendered. Inmet shareholders that haven`t yet tendered their shares have until April 1 to do so, or First Quantum will take necessary actions to complete the transaction.

* Shares of Air Canada (TSX:AC.B, +25.73%) continued to climb after news that the federal government would give the airline more time to eliminate the $4.2-billion deficit in its pension plan, although not without heavy stipulations to the extension. Shares of Air Canada have fought through a series of problems in the past 12 months to reclaim price levels not seen since February 2011.

* Domtar Corp. (NYSE:UFS, +4.72%) agreed to acquire the paper and print media products business in the US and Canada from Xerox Corp.

(NYSE:XRX, +6.76%) for an undisclosed sum of money.

Monthly Penny Stocks To Watch Leaders:

Among our daily technical stocks to watch each day, it was another strong month with 18 0f 20 picks producing gains of some type including 6 of the 20 choices presenting opportunities for double-digit gains. The biggest play for the month was Nanoviricides Inc. (OTCBB:NNVC), which was presented on March 4 when shares were trading at 50.75 cents. A steep climb followed to highs of 78 cents immediately, representing a top gain of 27.25 cents, or 53.69 percent.

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