Thursday Radio Investment Advice
Rallying - Stocks rose at the start of trading today, driven by a better-than-expected reading on the economy and job front in the US. The S&P 500 is on track to post over an 8% gain for September. One of the best Septembers in history.
Reversing - I don't want to make your head spin but the markets have now turned negative in both the US and Canada. Down in the 1/2% range at this point. Despite optimism over US numbers, I think we are in for some volatility today as portfolio managers take profits and make adjustments before month end.
Trading Opportunity - The Canadian banking sector tends to do well the last quarter of the year. An exception to that was in 2008 and 2009 when we had the financial crisis. A note of caution is that alot of banks have recently brushed up against their year high and consensus analysts target prices. It is worth using some technical analysis to identify your entry points. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.
Reversing - I don't want to make your head spin but the markets have now turned negative in both the US and Canada. Down in the 1/2% range at this point. Despite optimism over US numbers, I think we are in for some volatility today as portfolio managers take profits and make adjustments before month end.
Trading Opportunity - The Canadian banking sector tends to do well the last quarter of the year. An exception to that was in 2008 and 2009 when we had the financial crisis. A note of caution is that alot of banks have recently brushed up against their year high and consensus analysts target prices. It is worth using some technical analysis to identify your entry points. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.
posted by David Allard at
2:38 PM
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