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february 03, 2010
Be Careful Up Here
After two weeks of sharp corrective activity on global exchanges, use of the term 'up here' may surprise some. Yet markets are still over 50% above last year's lows in most cases, a recovery level.... |
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january 20, 2010
Earnings: Sizzle or Fizzle?
Since the bottom was reached last March, earnings for the last three quarters have exceeded expectations, sending stocks higher. Expectations have been low, and comparisons to recent.... |
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january 07, 2010
2010
After a year that surely exceeded all expectations, investors are right to wonder how strong performance will be in the year to come. In 2010, stimulus will still be pumping through most western economies.... |
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october 27, 2009
EVERYONE'S BEATING BUT THE MARKET
Week 2 of Q3 earnings saw a continuation of the trend that has prevailed since markets hit bottom in August. 81% of the companies that have reported thus far for Q3 have beaten analyst..... |
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october 21, 2009
DOW 10 THOU
Yes, it's just a number, but numbers are what we track in this business, and last week the Dow Jones Industrial Index spent most of the week above 10,000 before closing just under it at 9,995..... |
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september 17, 2009
$1000
For the 3rd time in two years, the magic number has been reached. 1000 American dollars buys an ounce of gold. Unlike the last two times the gold price reached this big figure it has held at the $1k level,..... |
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september 01, 2009
ONE MORE QUIET WEEK
Nearly a year since The Fall of '08 began, one more quiet week remains before participants return to their desks in earnest from summer mode. In many ways '09s return from summer is the reverse,..... |
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august 27, 2009
STRONG GETTING STRONGER
After a difficult start last Monday, markets ground their way upwards for a strong finish to the week, with the Dow closing at 9,505, a fresh high for 2009. In early July, 9000 looked distant as the Dow..... |
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august 17, 2009
LEVELLING OUT
These were the words used by America's FOMC (Federal Open Market Committee) to describe the current state of economic activity after its most recent meeting last week..... |
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august 11, 2009
NO END TO THE TREND
Bulls enjoyed yet another week of strength to begin the month of August, with markets rallying Friday in response to stronger-than-expected US jobs data. Since the brief correction in early July,..... |
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july 21, 2009
EARNINGS BEAT; BEARS GETTING BULLISH
Just as markets appeared ready to enter the second leg of a slide that began at the outset of July, last week saw a strong rally as North American markets posted gains every day of trading..... |
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july 15, 2009
CORRECTION UNDERWAY, MARKETS PROBING FOR SUPPORT
Since reaching a high water mark at 10,700 points in the second week of June, the TSX touched the 9500 level last week, marking a 1,000 point correction that many believe will take markets back to test..... |
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july 07, 2009
Q2 WAS STRONG, Q3 WILL BE TOUGHER
A remarkable second quarter came to a close in a quiet last week prior to the Canada and US Independence Day holidays. Q3 09 promises to be less unidirectional as significant upside...... |
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june 29, 2009
SUPPORT, ALREADY?
After a jarring beginning to last week that appeared to seal the rally's fate (TSX down 452 points on Monday!), markets found support Tuesday and finished the week on a strong note...... |
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june 23, 2009
20 DAY MA RALLY CONCLUDES
It had to happen sometime, and last week it finally did: the 20 day moving average, which has been the support line for the rally that began in March, was conclusively broken...... |
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june 15, 2009
Vs, Ws, AND A BOATLOAD OF Qs
As investors have endured the choppy lurch that has taken markets down to unimagined depths and back to elated heights, with no middle ground between the two, talk of recovery is growing louder..... |
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june 10, 2009
THE BEAT GOES ON...AND ON AND ON
For yet another week markets remained strong. At this point, simply staying at or near current levels constitutes strength, but these markets keep rising. Indeed, one gets the sense that complacency.... |
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june 02, 2009
20 DAY MOVING AVERAGE TREND ROBUST
As discussed last week, markets have been range bound for most of May; on Friday the month ended on a high note at the top of this range , and yesterday broke out to the upside.... |
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may 28, 2009
RANGEBOUND
With Victoria Day in Canada last week, and Memorial Day in America this week, the first phase of markets' summer period has begun. Thus far, fears of the frequently discussed 'sell in May.... |
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may 20, 2009
CAUTION IS CRITICAL, BUT BULLS STILL LEAD THE CHARGE
The spring rally that has pleasantly surprised so many of us seems to know no bounds. The new term constantly being repeated in the media is 'green shoots,' used to refer to small hints of life.... |
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may 12, 2009
200 DAY
Apart from representing an explosive 36% gain, the monumental rally of the past two months has now lifted the TSX back to sit atop its 200 day moving average. While many market observers.... |
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april 28, 2009
DON'T CHANGE THAT CHANNEL
"Will stock markets advance for a 7th week in a row?" was the media's glib sound bite for the week gone by. Market action made the sound bite a perfect parcel for the news cycle, ripe for.... |
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april 21, 2009
THE PERSPECTIVE OF HISTORY
In historians' parlance, this week's title refers to the increase in clarity with which we view events as they recede into the past and become static. Over time emotions cool and people stop being forced.... |
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april 14, 2009
GREED RESURRECTED
How quickly things change! Only the foolhardy would claim that all will be smooth sailing from here, but confidence is rapidly returning to the markets. Stories that wrapped up last week were Wells Fargo.... |
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april 07, 2009
SPRING FEVER 9000!
A few weeks ago a guest appeared on BNN discussing his opinions on market direction using technical analysis in conjunction with moon cycles. Moon cycles affect how.... |
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march 23, 2009
MASSIVELY IM-'PRESSED!'
Just like the statement from the ancient Greek philosopher Heraclitus , that 'one can never step in the same river twice,' the markets are always changing and never fully predictable. However, over.... |
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