Despite Monday’s rally, the losing streak extended to five weeks as the Price of the VVC/CA declined $0.05 per share from last Friday to close at $16.43 per share. Our other key indicators, the RT, BSR and MTI, continue to decline. Our MACD is still negative, but is gaining momentum. However,…
More lackluster economic data out of the U.S. heightened global economic worries today causing Canadian shares to close sharply lower. With three red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside. Today’s…
Weak U.S. Durable Goods data caused mining shares to fall today and Canadian stocks closed to the downside. With two red lights and a DnDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside.Today’s Derby Winners, the…
Lower oil and gold prices caused resource shares to tumble today and the Canadian equities market closed in the red. With two red lights and an UpDn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market up or down as…
Comments from U.S. Federal Reserve Chairman Ben Bernanke hinting towards more economic stimulus boosted Canadian shares today and the TSX closed to the upside. With three yellow lights and an UpDn situation Prudent Investors may buy stocks long only if the market is rising. Aggressive Investors and Traders should…
To say this week was a roller coaster ride may be an understatement. The Price Column of the Color Guard changed colors every day and the Primary Wave changed twice. The Price of the VVC/CA fell for two-consecutive trading weeks Thursday, plunged below its 65-day moving average and, with the MTI…
Weak manufacturing data out of both China and Europe hindered resource stocks today sending Canadian shares to a lower close. With three red lights and a C/Dn situation Prudent Investors should not buy stocks at this time. Aggressive Investors and Traders should play the market to the downside. Today’s…
Higher industrial stocks helped the Canadian equities market squeeze out a victory today. With the Price of the VVC/CA currently $0.07 below last Thursday’s price of $16.55, the Primary Wave will likely open to the downside tomorrow barring a significantly higher market open. Therefore Prudent Investors should only…