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COMMENT
COMMENT
March 19, 2019
2,800 on the S&P has long been a resistance point and it's definitely blowing through. He started buying yesterday and will keep picking away, even though markets are a little overbought and many stocks are overvalued. He's picking up resources and materials, stocks that have fallen and are basing, not the stocks that are already rising. Can the S&P sustain 2,850? The market has finally cracked 2,850 after many attempts. It'll probably crack 2,900--and that will be pretty big. Though 2,900 will invite selling pressure, the S&P can continue to be bullish after that.
General Market Comment
March 19, 2019
2,800 on the S&P has long been a resistance point and it's definitely blowing through. He started buying yesterday and will keep picking away, even though markets are a little overbought and many stocks are overvalued. He's picking up resources and materials, stocks that have fallen and are basing, not the stocks that are already rising. Can the S&P sustain 2,850? The market has finally cracked 2,850 after many attempts. It'll probably crack 2,900--and that will be pretty big. Though 2,900 will invite selling pressure, the S&P can continue to be bullish after that.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
COMMENT
COMMENT
March 19, 2019
How do you use the RSI indicator? The RSI default is 14 days. You're looking at the speed of movement over a given time period. You want a stock to move up to achieve momentum. Like a baseball, a stock has a maximum acceleration before it slows and moves down. The time frame can vary depending on the type of trader you are.
General Market Comment
March 19, 2019
How do you use the RSI indicator? The RSI default is 14 days. You're looking at the speed of movement over a given time period. You want a stock to move up to achieve momentum. Like a baseball, a stock has a maximum acceleration before it slows and moves down. The time frame can vary depending on the type of trader you are.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
COMMENT
COMMENT
March 19, 2019
The price of copper. He's been buying the base metals. Copper has stopped its downtrend, made a base and has just broken out. He bought upon the breakout. This could reach $3.50, certainly low-$3.
General Market Comment
March 19, 2019
The price of copper. He's been buying the base metals. Copper has stopped its downtrend, made a base and has just broken out. He bought upon the breakout. This could reach $3.50, certainly low-$3.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
COMMENT
COMMENT
March 19, 2019
The budget was announced today. Apart from a measure to help Millennials (especially in hot markets like Toronto and Vancouver) buy their first home, the budget was market-neutral. Notley called the Alberta election for April 16. Surprisingly, she's done well to help Alberta during this oil crisis, and is likely calling the election now to take advantage of the high price of WCS. She could win. The China-US trade negotiations saw a hiccup late today and the market slid as a result. Hiccups are expected in negotiations.
General Market Comment
March 19, 2019
The budget was announced today. Apart from a measure to help Millennials (especially in hot markets like Toronto and Vancouver) buy their first home, the budget was market-neutral. Notley called the Alberta election for April 16. Surprisingly, she's done well to help Alberta during this oil crisis, and is likely calling the election now to take advantage of the high price of WCS. She could win. The China-US trade negotiations saw a hiccup late today and the market slid as a result. Hiccups are expected in negotiations.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
COMMENT
COMMENT
March 19, 2019
The just-announced federal budget: $1.25 billion assistance from the CMHC to buy a first home. Millennials will be happy, but the assistance is creating only 25,000 new homeowners. On the deficit side, they had a bit of a windfall, so they will give it back to Canadians, which is what happens in an election year. Projected growth is 1.8% and 1.6% in 2020--these numbers will likely be wrong. We may have a recession in that time.
General Market Comment
March 19, 2019
The just-announced federal budget: $1.25 billion assistance from the CMHC to buy a first home. Millennials will be happy, but the assistance is creating only 25,000 new homeowners. On the deficit side, they had a bit of a windfall, so they will give it back to Canadians, which is what happens in an election year. Projected growth is 1.8% and 1.6% in 2020--these numbers will likely be wrong. We may have a recession in that time.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt