Canada's main stock index and the VectorVest Composite Index (VVC/CA) closed higher today, driven by strength in consumer staples and discretionary; metals, financial and technology sectors. Lots of major news events this week could affect CA and US markets. The Color Guard is only mildly bullish, and caution when buying stocks long is advised. OECD [...]
Canada's main stock index ended lower on Wednesday, snapping a three-day winning streak. Bank stocks and other financials led a broad retreat, offset somewhat by gains in oil and gas shares. Of the 26 stocks comprising the S&P TSX Financial Capped Index, only Fairfax Financial and Element Financial managed gains on the day. The worst [...]
As we discussed the possibility in last night's Canada Colour Guard Video, the gold/silver rally is continuing so far this morning. At 10:01 EDT the basket of top 10 stocks from last night's Gold Digger search are up about 2.3%. The top 5 are up more than 2.7%. We're fortunate in VectorVest to be able to graph on entire [...]
So, a down day in the Canadian market today and yet we have a Primary Wave Up (PW/Up). What does it mean and how do you plan to play this market? For an explanation of VectorVest timing signals and VectorVest guidance, watch today's VectorVest Canada Colour Guard Video Report. Click here to launch the video: http://www.screencast.com/t/ROYGWCUGHbFj Are [...]
With the Canadian market already under pressure, Canadian investors were jittery today as the reality of an NDP majority in Alberta began to sink in across the oilpatch and Bay Street. The S&P/TSX Energy index fell 2.8%. The Mining sector was down 1.35% and Electronics fell 6.6%, led lower by Avigilon’s (AVO) 24% decline on [...]
Global markets including Canada and US rose today with European shares hitting eight-year highs. Canada’s MTI (Market Timing Indicator) rose for the 4th straight day. Europe was bolstered by a $70B takeover bid by Royal Dutch Shell, but North American markets pared gains after the largest US crude inventory build since 2001 slammed oil prices. [...]
Gold and oil prices lifted the TSX to a 40 point gain today. US stocks fell on weaker than expected economic data, however, the DJI gained back more than 100 points from the day's low, closing down 77 points. Notice from the graphic that VectorVest's Color Guard is Mildly Bearish in both Canada and the [...]
For a complete market review and a look at a few big movers on the day, click here for the Canada Colour Guard Video Report: http://www.screencast.com/t/OgBQJZkR You can pause, fast forward and rewind by clicking in the slider bar at the bottom of the video. The TSX started an explosive rally when the Federal Reserve statement [...]
The Toronto stock market gained ground today following a big sell-off yesterday on both sides of the border. The Gold index led the market higher with a 3.9% gain. Information Technology gained 1.23% on the strength of Constellation Software (CSU), up 3.77% on news it has acquired InterAct911.The US market could not hold onto early [...]
By Stan Heller, Consultant, VectorVest Canada The Bank of Canada maintained its key interest rate today as it credited global economic conditions and its January cut for helping the country weather the bruising oil slump. Easier financial conditions across the yield curve and including a weaker Canadian dollar will spur non-energy exports and investment, the bank [...]