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 stocks, and we show you how you can set up Candlestick searches in UniSearch to help identify potential market reversals in our major indexes including the TSX Composite, the Venture and VectorVest Composite/CA.
The TSX managed a 63 point gain. The VectorVest Composite (VVC/CA) rose 0.34% over yesterday, and it also closed higher than 5 days ago. That gives us a green light in the price column for those who adhere to the Green Light Buyer timing system. U.S. markets closed higher after upbeat labour data. Technology stocks led the rebound from yesterday’s steep losses.
In today’s Color Guard video, we ran the Bullish-Harami candlestick searches on the major indices in both Canada and US. In Canada, the search returned the S&P/TSX 60 (SPTS), the S&P/TSX Venture (CDNX) and the VectorVest Composite (VVC/CA). In the U.S., the Bullish-Harami search returned the S&P 500 (SPX), DJ Industrials (DJI), Russell 2000 (RUT), Bank (BKX), AM Mexico (MXY) and the VectorVest Composite (VVC).
For a review of the Harami and other Candlestick signals, you can watch again the April 24 Special Presentation.
DISCLAIMER: The information contained in this Blog is for education and information purposes only. Example trades should not be considered as recommendations. 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
This email arrived today, 10th Sept, 2015, but the contents refer to 2nd Sept 2015. Not really much use.
Hi Morris, I’m not sure why you received the email so late. I posted the information on the Blog and Facebook, and sent it out on Sept 2. I apologize if it was an issue on my end.