Energy and gold stocks lost value today pushing the TSX lower, ending the month down nearly 6%. We have three yellow lights and an UpDn situation. Therefore Prudent Investors should have their shopping lists ready to buy high VST-Vector, ‘B’ rated stocks should the market move higher.Aggressive Investors and…
Oil prices received a jolt today causing the energy sector to rise and pushing the TSX to its biggest one-day gain since March, closing the day more than 340 points higher. We now have three yellow lights and an UpDn situation. Therefore Prudent Investors should have their shopping lists…
Merrill Lynch & Co. announced another multi-billion dollar writedown boosting the financial sector and pushing the TSX to end the day higher. Nevertheless, with two red lights and a DnDn situation Prudent Investors should remain on the sidelines and not buy stocks at this time.Aggressive Investors and Traders should…
Financial stocks wore away early gains this afternoon causing the market to crumble and end the day near its lowest levels. Therefore, with two red lights and a DnDn situation Prudent Investors should remain on the sidelines and not buy stocks at this time.Aggressive Investors and Traders should play…
The Price of the VVC/CA fell $0.16 per share today, closing at $16.26 and is now only $0.49 away from the January 21st low of $15.77. Moreover, the Price of the VVC/CA has moved lower for seven consecutive weeks. Meanwhile, the BSR closed at 0.07 today and is only 0.03 points…
Negative sentiment surrounding commodity stocks and a selloff in the financial sector overshadowed strong earnings reports from EnCana Corp and Potash Corp causing the TSX tumbled more than 306 points. Therefore, with three red lights and a DnDn situation Prudent Investors should remain on the sidelines.Aggressive Investors and Traders…
Oil prices continued to fall today forcing a sell-off in energy companies and pushing Canadian equities to a lower close. However, losses on the TSX were contained by a sharp rise in financial stocks and the Price of the VVC/CA only needs to rise by $0.02 to return the…
Falling oil prices caused early damage to the market; however, strength in financial stocks helped Canadian equities bounce back to end the day only slightly lower. Although the TSX ended lower today, the strength of the recovery suggests that there may be some light at the end of the…