Monthly Archive: July 2004

The Color Guard.

After the TSX got hammered on Monday, rested on Tuesday, Wednesday may have brought about an end to the current downtrend, but we’ll have to wait for more evidence of a sustainable uptrend. With the Primary Wave giving an Up signal, Prudent Investors may continue to get their shopping lists ready….

Daily Update Thursday, July 29, 2004

Tech stocks led the market higher today, and the Price of the VVC/CA has now gone up for the third straight day. With the Primary Wave giving an Up signal, Prudent Investors should get their shopping lists ready. Aggressive Investors and Traders should play the market up or down…

Daily Update Wednesday, July 28, 2004

Rising oil prices lifted the energy sector, pushing the TSX sharply higher today. With a DnDn situation, Prudent Investors should continue to remain on the sidelines. Aggressive Investors and Traders should play the market up or down as it develops with a bias to the downside. You may see…

Daily Update Tuesday, July 27, 2004

It was a strange day for the Canadian market today. Both the TSX Composite and the TSX Venture Composite went down while the VectorVest Composite went up. Moreover, the BSR went down although the percentage of buys went up. This happened because the percentage of sells went up more…

Daily Update Monday, July 26, 2004

Worries over corporate profits caused the market to end considerably lower today. Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside.You may see all the action of the Daily Color Guard graphically by clicking View on the main…

The Underlying Trend.

Although the TSX rose 33 points for the week, declining issues led advancing issues all week long. This kind of behavior shows us that the weekly gain in the index was very focused, probably in the financial sector, while the rest of the market suffered. Therefore, Prudent Investors should not buy…

Daily Update Thursday, July 22, 2004

Stocks closed lower today led by profit taking in the energy sector. Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside. You may see all the action of the Daily Color Guard graphically by clicking View on the…

Daily Update Wednesday, July 21, 2004

The market was mixed today. Although the TSX rose 36 points today, there were fewer advances than declines in the broad market and the Price of the VVC/CA declined by $0.01. Therefore, Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market…