Both Canada and US markets traded sharply lower today, however both rallied near the end of the day as shown in the SPY and TSX graphs at the left. Magna started the day with a surprisingly gloomy forecast for the remainder of 2015. Magna finished down $7.57 or 6.14%. Check out the CA Colour Guard video to see an analysis of Magna on a 5-day, 15-minute graph.
Perhaps lifting the market in late afternoon was the news that South Korea’s Samsung recently approached Blackberry about buying the company for as much as $7.5 Billion or $15.49 a share. Blackberry closed at $15.02, up 29.48% on the day.
The check out the charts and a full market timing report, please click on the following link: http://www.screencast.com/t/8eNfPJch
How To Find Canada’s Top Dividend Stocks
It’s been a difficult market since VectorVest’s confirmed down call on September 19. Yes, we have rallied off of two significant market bottoms when the MTI fell below .60, but the first rally only lasted three weeks and the second one only for two weeks. It’s easy to get discouraged. I hope my presentation yesterday offered some encouragement and a strategy to consider. It focused on finding great dividend paying companies and holding them for long periods during bull markets, even through some weak markets. I showed a conservative search that returned sold percent gains over time, even though some years, especially 2011 and 2012, were not outstanding.
The response to my presentation has been overwhelmingly positive. This was a joint Questrade/VectorVest partnership webinar so there are also some special time limited offers available to non-subscribers. Current VectorVest subscribers who view the video will see how they can add an extra three months to their subscription when they renew or add an additional 12 months.
You can still view the video by clicking on the following link: https://attendee.gotowebinar.com/recording/8095045871674233602
– submitted by Stan Heller, Consultant
January 14, 2014