Despite the Bank of Canada holding interest rates this morning, Canada’s main stock index slumped after a strong opening to end the day down 98 points. Energy was down 2.1%, materials 1.6%, and financials 0.63%. Bombardier was a bright spot, up 22% after Reuters reported it had rejected a Chinese takeover of its rail business. […]
» Read MoreAuthor: Stan Heller
Market fails to hold on to gains. With MTI at .60, we’re near a potential bottom historically, but caution is advised.
Reminder: Our weekly SOTW Q&A webinar will be held tomorrow, Tuesday, Sept 8 at 12:30 p.m. ET. We’ll look at current market conditions in Realtime and answer your questions about Friday’s Special Presentation which was all about, ‘Trading the Trend’. Would you like to identify stocks that just became Buy rated? Or stocks whose RT just crossed […]
» Read MoreWe have a GLB Signal. Is it time to Buy – this time? Watch our CA Colour Guard Market Report.
Canada’s main stock index seesawed today in extremely choppy trading. Weakness in utilities and commodities capped gains in other sectors. Gains in Valeant Pharmaceuticals and financials helped outweighed losses in energy stocks. CLICK HERE to watch the complete CA Colour Guard Market Video. In the video we look at a few top performing searches and […]
» Read MoreDon’t miss next week’s opportunity for more potential profits from this bottom-fishing rally. Join our live webinar tomorrow.
With the recent selloff in the market, how do we prepare for the next rally? This week’s Special Presentation by Mr. Todd Shaffer, Manager of Research, provided a review of Bottom Fishing techniques and how candlestick patterns can provide early indications of reversals. Tomorrow’s Q&A Webinar: Join me tomorrow at 12:30 ET for our regular SOTW […]
» Read MoreFalling oil sinks TSX while gold/silver stocks continue to climb.
After Fed minutes showed that a Sept. rate hike is still on the table, markets on both sides of the border rallied off session lows but couldn’t hold on, finishing sharply in the red. In Canada, the TSX fell 157 points or 1.11% and is now down more than 4.0% YTD. Petroleum, Banks and Transports […]
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