Although I trade mostly U.S. stocks, Canada is actually my home country and dearest to my heart. Unfortunately, I see the same long term economic consequences in the years ahead, perhaps even worse than America. Canada is a great nation and believe it is still one of the remaining nations of great integrity and honesty. However, we face economic hurdles,...
After adjusting the TSX for currency we find the astounding similarities in every correction/crash. All "V" recoveries follow near the exact same pattern as you can see laid out from the 2009, 2016, 2019, 2003 SPX, and 2019 SPX fractals.
Canada's TSX is an interesting index. The stocks listed in it represent roughly 70% of the market cap of all publicly traded Canadian companies. For perspective, the last data I could find puts the S&P 500 at around 83% in the US.
As with many indices, it formed a nice wedge from the March lows, but there are some special differences here: the island top...
I remember an old friend's teaching and this was one of his -
"First cut is the deepest" when it hurts, let it cut deeper, you smell blood you buy.
I fell in love with Rod Stewart's songs from then on.
There is a lot of bearish gaps to fill. Despite all last few green days. None of the bearish gaps was tested. The RSI still very week and under 50. In order for me to consider this a long position. I need the following
A- 3 days of RSI above 50 with a bounce
B- The first gap to be filled with sidewalk trading 13650-14250 over 7 days.
C- Never trade an upper...
TSX is tracing minor wave 3 of intermediate wave C of primary wave 2. This last leg up should elevate prices between 14,200 and 15,000 before the long-term trend continues down in primary wave 3. FOLLOW SKYLINEPRO TO GET UPDATES.
Good afternoon or Good evening,
My wife received a call from her bank, the bank told her it's good time to buy stocks and the agent asked her to invest now because the stocks are cheap. I do not think it is a good time to buy stocks and if the banks call the customer to tell them it's a good time to purchase stocks that can be dangerous for people they do not...
Timing the market with the limited information available to us is nearly impossible, use the strategy that the most successful hedge fund investor in America uses "Ray Dalio"
One of his core principles are to buy in increments when the market is bearish with your cash on hand.
The key is not to buy with all your available cash on hand at ONCE, this is essential...