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. [...]
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 [...]
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 [...]
Canada’s TSX rose today for the 6th straight day, holding on to a slim 11 point gain at the close after soaring out to a 128 point gain in the first hour of trading. Investors seem to be moving back into non-commodity dividend payers including banks and consumer names while pulling back from resource companies. U.S. [...]
VectorVest has given us a few new Candlestick searches to strengthen our Candlestick Arsenal. Senior Instructor Jerry D'Ambrosio explained the latest additions in both our Canada and U.S. databases in two Strategy of the week (SOTW) Special Presentations: 1. Friday, July 24 - Strengthening your Candlestick Arsenal. The new searches explained were: Bearish - Dark Cloud [...]
The TSX soared 224 points today as Investors cheered rising crude prices after a surprise drop in inventories. Market sentiment also improved on both sides of the border as the U.S. Federal Reserve left the door open for a September interest rate hike. The DJI was up 121 points or about 0.7%. For a complete [...]
Canada’s main stock index finished lower today, but it did at least recover from the morning lows. Falling crude and lumber prices weighed on the market and our dollar fell to a 10-year low. Wall Street declined for a second straight session on Wednesday as the technology sector fell on disappointing results from giants including Apple, [...]
Tumbling China stocks, higher than expected oil inventories and uncertainty in Greece contributed to another sell-off today in North American markets. The TSX shed 212 points or 1.45% as all the major sub-indices fell led by Financials (1.13%), Energy (2.19%) and Industrials (2.07%). The TSX is down 5% from one year ago and has lost [...]
By Stan Heller, Consultant, VectorVest Canada Despite a strong rebound rally today in New York, VectorVest is advocating caution in tomorrow's trading in both Canada and US markets. The TSX was closed today for the Canada Holiday. While VectorVest guidance states, "Prudent Investors should remain on the sidelines", it's a good idea to have your [...]
by Stan Heller, Consultant, VectorVest Canada The Energy Index rose by 1.25% today, leading the TSX higher by about 71 points. Among the top price gainers was Chinook Energy (CKE) up 13% and Macro Enterprises (MCR) up 10.88%. Financials and Materials also had a good day, both sectors up more than one-half a percent. For [...]
