By Stan Heller, Consultant, VectorVest Canada Markets on both sides of the border reacted positively to news that Federal Reserve members expressed concern last month that raising interest rates could pour cold water on the US economic recovery. However, the markets pulled back in the last hour. The CA TSX Composite finished the day down [...]
Ballard Power (BLD) was the top price gainer in Canada today, lifting the Energy Sector higher. Ballard gapped up 50% at the open after announcing an $80 million deal with Volkswagen at about 7:00 p.m. EST. After initially falling back slightly, it tacked on another 14% or so in the afternoon session. Click on the [...]
By Stan Heller, Consultant, VectorVest Canada With the price of crude oil falling 4% in a complete reverse of yesterday, Canadian and US broad markets closed lower today. The TSX fell about 69 points or 4.6% while in the US, the SPY fell about .4%. For a complete review of the market including today's top [...]
By Stan Heller, Consultant, VectorVest Canada Jan 28, 2015 Comments from the FOMC sparked a strong sell-off on both Canada and US markets today. What could they have said to create such negative sentiment? Just that it won't be long before there will be the need to raise interest rates. The TSX fell 231 [...]
The Bank of Canada cut its key interest rate this morning by a quarter point to 0.75 per cent. They said the decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada. So how did investors respond to this negative economic outlook? [...]
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 [...]
Despite the horrific shooting tragedy in France this morning, European markets continued to rally on the day. That seemed to lift North American futures and New York opened strongly. And while New York held on to its gains throughout the trading day, the Canadian TSX fell sharply in the last 1.5 hours and finished up [...]
The market continued to rally today off the MTI bottom of .50, or the Santa Claus rally if you prefer. The MTI closed at 0.81 and the TSX closed up 161 points. To view the Canada Colour Guard Report for December 23, 2014, please click on the video link below: http://www.screencast.com/t/E0Bh6hBvyby Below are today's top price gainers [...]
by Stan Heller, Consultant, VectorVest Canada Surging oil and mining stocks lifted the TSX Composite to a gain of about 2.54%, it's biggest one-day advance since August 11, 2011. With the price of the VectorVest Composite rising day over day and higher than five days ago, we have a Primary Wave Up signal. VectorVest guidance to [...]
by Stan Heller, Consultant, VectorVest Canada TO VIEW VIDEO REPORT, GO TO: http://www.screencast.com/t/0x3h0w4rDGPM Well, another gloomy day in the Canadian market as a further slide in oil prices pressured the energy sector. Crude oil continued to head lower after OPEC said that it expects demand for oil to fall in 2015 from current levels. Oversupply fears [...]