Canada’s main stock index closed up 1.2% today, boosted by a sharp rally in oil prices that benefited energy stocks. Healthcare stocks Valeant and Concordia continued to rise from deep bottoms. An early rally in gold stocks stalled this afternoon.
U.S. stocks ended the day sharply higher as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December rate hike was still on the table. S&P financials, which benefit from higher borrowing rates, shot up following the Fed statement, leading all sector gains.
Guidance to Prudent Investors: With an UpDn situation, Prudent investors should get their shopping lists ready to buy stocks long on up days. In today’s Color Guard Report we look at all the stocks in our Top 5 Derby one-day winners; Top Percent Gainers and Losers; and our Top 10 New Buys. CLICK HERE TO GET THE VIDEO.
BONUS CANDLESTICK SLIDES: I received a few requests for the Candlestick slides from Tuesday’s Special Presentation Q&A. I’ve decided to attach them here for the benefit of everyone who would like to have them. Hover your mouse over the top right corner for a ‘Pop-Out’, or go to the bottom to Download the PDF.
DISCLAIMER: The information contained in this Blog is for education and information purposes only. Example trades must not be considered as recommendations. You should always do your own analysis and invest based on your own risk tolerance, investment style, goals and time horizon. There are risks involved in investing and only you know your financial situation, risk tolerance, financial goals and time horizon.
Presented by Stan Heller, Consultant, VectorVest Canada