Concerns surrounding the U.S. stimulus program and weakness in industrial shares sent the TSX into Bear market territory today. Therefore, with one red light and an UpUp situation Prudent Investors should remain on the sidelines.Aggressive Investors and Traders should play the market with a bias to the downside.Today’s Derby…
The Canadian stock markets fell into Bear market territory today as weak commodity prices caused resource equities to falter. Therefore, with two red lights and an UpUp situation Prudent Investors should move to the sidelines.Aggressive Investors and Traders should play the market with a bias to the downside.Today’s Derby…
The Price of the VVC/CA continued to move higher this week, gaining $0.13 per share from last Friday to close at $17.29 per share. Our other key indicators, the BSR and MTI, ended marginally higher while the RT remained unchanged on a week-over-week basis. After a slight pull-back Tuesday, the Price…
The Canadian stock markets closed to the upside today as Janet Yellen, of the U.S. Federal Reserve, stated she supports the continuation of the stimulus program. Therefore, with three yellow lights and an UpUp situation Prudent Investors may buy stocks long only on up days.Aggressive Investors and Traders should…
The TSX closed in Bull market territory today as gains in financial equities offset losses in Loblaw Cos Ltd. Therefore, with one green light and an UpUp situation Prudent Investors should get their shopping lists ready to buy stocks long if the market continues to move higher tomorrow.Aggressive Investors…
The Canadian stock markets fell to a lower close today with losses in the energy sector leading the way. Therefore, with three red lights and a DnUp situation Prudent Investors should move to the sidelines.Aggressive Investors and Traders should play the market to the downside.Today’s Derby Winners, the five…
Concerns over the United States stimulus program pulled the Canadian stock markets to a lower close today. However, with a mixed bag and an UpUp situation Prudent Investors may buy stocks long only on up days.Aggressive Investors and Traders should play the market up or down as it develops.Today’s…
The Price of the VVC/CA reversed its course again this week, gaining $0.04 per share from last Friday to close at $17.16 per share. However, our other key indicators, the RT, BSR and MTI, ended lower on a week-over-week basis. This Bearish divergence suggests that downside risk outweighs upside potential. Moreover,…