This week, Canada’s main stock index experienced a broad-based rally, pushing the TSX to a new intraday record high on Monday. The energy sector initially led the charge, but falling crude prices and disappointing quarterly results from major domestic bank...
Jonathon Brown
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August 29, 2024
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These leap-days are a rare treat. Not only is it an extra day to hold off on rent/mortgage payments, but an extra day to take stock of February’s wild ride. Last week, we saw the TSX hit a 22-month high while major U.S. indices also had their best pe...
Jonathon Brown
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February 29, 2024
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The only time the bears appeared during yesterday's trading, was at the very U.S. open. A steady move higher followed, with the final hourly upswing erased 15 minutes before the closing bell. How concerning is this? I don't think it's a setback worth much mentioning. Yeste...
Monica Kingsley
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July 2, 2020
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The gold futures contract lost 1.14% on Wednesday after reaching new long-term high of $1,807.70. The market has retraced its Tuesday’s advance following intraday reversal and a breakdown below $1,800 mark. The recent economic data releases didn&CloseCurlyQuo...
Paul Rejczak
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July 2, 2020
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Stock bulls retraced over half of Friday's plunge, but does it count as a reversal? When I look at the volume, the weekly chart, and the credit markets, I have my doubts. Or will the Powell & Mnuchin testimony and Chicago PMIs ride to the rescue, and provide a catalyst to reig...
Monica Kingsley
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June 30, 2020
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Helped by the financial sector headlines, stocks reversed higher yesterday - is the downside move drawing to a close? It might look so, but I'm not convinced yet. Despite the generally positive S&P 500 performance during the runups to Independence Day, the new Fed rules might ...
Monica Kingsley
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June 26, 2020
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The gold futures contract lost 0.39% on Wednesday after reaching new long-term high of $1,796.10. The market got very close to $1,800 mark but then it has retraced the whole intraday advance. The recent economic data releases didn’t bring any new surprises fo...
Paul Rejczak
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June 25, 2020
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Stocks extended Monday's gains, yet retreated from the daily highs – how bullish is that? The short-term outlook hasn't changed as the S&P 500 still trades within Tuesday's intraday confines – we lack a clear short-term direction. In today's analysis, I'll cover what has chang...
Monica Kingsley
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June 24, 2020
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The Weekly Missive, which usually arrives over the weekend (sometimes on Friday, sometimes on Sunday) was delayed this weekend for one reason: I had to change it. I started out last week with an idea that was leaning in the direction of full-on capitulation in the sen...
Streetwise Reports
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June 24, 2020
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Monday's session brought us the anticipated downside, but stocks reversed to close solidly higher. Has this been it, and the train is ready to leave the station now? The overnight dip shows it might not be a foregone conclusion, but let's take it step-by-step. S&P 500 in t...
Monica Kingsley
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June 23, 2020
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