I mentioned last week that the TSX was setting up for a correction or pause – here’s the blog: https://www.valuetrend.ca/?p=2600 The charts didn’t lie, as we’re now seeing substantial underperformance by that index. Potential downside target for the TSX 300 lies around the 13,000 mark. Its already broken the 50 day MA. The S&P Read More
Dirty Harry & the markets
2012 was certainly a year of unknown political outcomes. Many events took place this year that just could not be predicted by technical or fundamental analytical techniques: EU summit meetings in June: The outcome to that event had the potential to make or break distressed countries such as Spain & Italy, resulting in a significant Read More
The long and the short of it
Short term view Last week’s negative action took a little bit back from the rally off of mid-November. The recent meandering by the markets may continue until this whole “fiscal cliff” dilemma gets some positive action behind it. Technically, a few factors suggest that markets will stay more or less where they are (up/down by Read More
The EU debt solution
Homer Simpson of “The Simpsons” TV show: “Beer. Now there’s a temporary solution!” Perhaps I should have waited until Monday to write this blog. Today, the world awaits to hear the “solution” for the EU debt crises from its leaders. Depending on the outcome of this meeting, markets will either sink like a stone out Read More