A proposed merger had resource stocks rallying on Monday and the TSX ended significantly higher, but investors’ fears’ came back on Tuesday as they awaited the U.S. Fed decision and the Canadian markets ended lower. Investors set aside their fears on Wednesday and pushed the Canadian markets slightly higher. The Canadian…
The Canadian markets took off today after the U.S. Federal Reserve rose its key interest rate by 25 basis points and made accompanying statements leading investors to believe it would not make the same move in August. With one green light and an UpDn situation Prudent Investors should have…
Strength in energy and tech stocks helped push the TSX higher today. However, with one red light and two yellow lights and an UpDn situation Prudent Investors should have their shopping lists ready, but wait for confirmation of a sustainable uptrend to buy stocks.Aggressive Investors and Traders should play…
The Canadian markets ended lower today as early gains in metals stocks faded away as investors began to worry about what would happen to interest rates at the upcoming U.S. Federal Reserve meeting. However, with three yellow lights and an UpDn situation Prudent Investors should have their shopping lists…
A proposed $40 billion U.S. deal from Phelps Dodge for Inco and Falconbridge sparked a rally in the resource sector pushing the TSX more than 100 points higher today. We have three yellow lights and an UpDn situation Prudent Investors should continue getting their shopping lists ready, but…
Lower resource prices pushed the Canadian Markets lower on Monday and economic uncertainty left them flat on Tuesday. On Wednesday and Thursday, bargain hunters entered the market pushing it higher. Finally, they finished the week on a positive note Friday as a major oil deal sparked a rally. Overall, the TSX…
Continued bargain hunting in the resource sector kept the Canadian Markets slightly positive today. However, the Price of the VVC/CA fell from last week and we have a DnDn situation Prudent Investors should remain on the sidelines and continue to wait and see what direction this market is heading….
Investors picked up bargains in the resource sector pushing the Canadian Markets higher today. With and an UpDn situation Prudent Investors should resume getting their shopping lists ready, but continue to wait to see what direction this market is heading before buying any stocks. Aggressive Investors and Traders should…