Wednesday Radio Investment Advice
Rallying - The TSX is up 1/4%. Oil is on the rise and Gold prices are rallying to record highs again today on fears over sluggish growth. RIM rose 1.3%. It will launch the PlayBook as a response to Apple Inc. iPad.
Reversing - US stocks are lower. There is little news out today and I think investors are taking profits after such a strong month.
Trading Opportunity - Technology tends to do well from mid October to mid January. Technically, the technology sector in Canada looks to have peaked in early march this year and has fallen ever since unable to break any resistance at the 50 day moving average. In terms of momentum of technology is on the uptake and has broken through resistance. Since there are very few names in Canada, you may want to consider looking for US names in this sector. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.
Reversing - US stocks are lower. There is little news out today and I think investors are taking profits after such a strong month.
Trading Opportunity - Technology tends to do well from mid October to mid January. Technically, the technology sector in Canada looks to have peaked in early march this year and has fallen ever since unable to break any resistance at the 50 day moving average. In terms of momentum of technology is on the uptake and has broken through resistance. Since there are very few names in Canada, you may want to consider looking for US names in this sector. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.
posted by David Allard at
2:29 PM
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