Monthly Archive: May 2010

Daily Update Tuesday, May 18, 2010

Despite a strong morning, continued unrest about European debt caused afternoon selloffs and the TSX sank further into negative territory. With three 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 market…

Daily Update Monday, May 17, 2010

Concerns about Europe’s debt crisis rocked the TSX today and Canadian shares closed sharply lower. With three 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 market to the downside.For those of…

Weekly Newsletter Friday, May 14, 2010

The Price of the VVC/CA reversed its course this week gaining $0.34 per share to $14.82 per share. The Price of the VVC/CA advanced since coming off the May 7, 2010 support level of $14.48 and crossed above its 65-day moving average this week. Our other indicators, the RT, BSR and…

Daily Update Thursday, May 13, 2010

Profit taking and lower commodity stocks caused the TSX to end the winning streak today and close to the downside. With three yellow lights and an UpDn situation Prudent Investors should remain on the sidelines and not buy stocks at this time.Aggressive Investors and Traders should play the market…

Daily Update Wednesday, May 12, 2010

EuroZone debt concerns continued to diminish today helping the TSX to close to the upside for the third straight session. However, with three yellow lights and an UpDn situation Prudent Investors should remain on the sidelines and not buy stocks at this time.Aggressive Investors and Traders should play the…

Daily Update Tuesday, May 11, 2010

Gold stocks shined today helping the TSX to rebound and close to the upside. However, with three yellow lights and an UpDn situation Prudent Investors should remain on the sidelines and not buy stocks at this time.Aggressive Investors and Traders should play the market up or down as it…

Daily Update Monday, May 10, 2010

News of a EuroZone rescue package eased investors and traders’ minds today and the TSX closed sharply higher. However, with three yellow 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 market up…

Weekly Newsletter Friday, May 7, 2010

The Price of the VVC/CA shed $0.59 this week to $14.48. Furthermore, it fell for two consecutive weeks today and dipped below its 65-day moving average and the MTI fell below 1.00 giving us a C/Dn signal. Our indicators, and the widespread panic about European debt, are telling us that we…