Canada’s main stock index and the VectorVest Composite Index (VVC/CA) closed higher today, driven by strength in consumer staples and discretionary; metals, financial and technology sectors.
Lots of major news events this week could affect CA and US markets. The Color Guard is only mildly bullish, and caution when buying stocks long is advised. OECD today forecasted slower economic growth for Canada and all eyes are on additional economic reports out of the US. And investors are waiting to see what happens in Greece with its Friday 300 million Euro debt repayment deadline.
Click on the following link to view the entire video report: http://screencast.com/t/ouuGeVnlOSv
Note: Today’s video is longer than usual. Since our Strategy guidance tonight says Prudent Investors should get their shopping lists ready to buy stocks long on up days, I took extra time to review several graphs of our top VST stocks. I explain VectorVest guidance on price patterns and EPS growth using the VectorVest Simple graph layout. DISCLAIMER: None of the stocks in the video should be considered stock recommendations. The method shown however is one of the cherry picking techniques demonstrated by VectorVest in our Successful Investing Course Videos under the Training tab.
Video too long? Remember, you can click in the horizontal bar at the bottom of the screen to PAUSE, ADVANCE and REWIND the video. Just hover your mouse over the bottom of the screen and the bar will appear.
New Stocks to Study. Fortress Paper (FTP) and Urthecast (UR) were among the top price gainers again today, gaining 10.7% and 9.3% respectively. We’ve highlighted FTP before as a former high flier, but UR deserves some study as well. It’s been making news and showing up in popular searches such as Angel’s Wings, Explosive GRT and EPS Stocks, Rare Birds and Fireworks Stocks. Today it was in all four searches. Below is some news headlines from VectorVest’s Home Page and the graph as well.
NEW IPO’s: In Canada, new IPO’s Stingray Digital Group and Davids Tea are in the news today. Email [email protected] if you would like to see these symbols or any others added to our VectorVest database. If VectorVest can get reliable data from its data services, primarily Thompson Reuters, the stocks will be added within a few days of your request.
See what VectorVest has to say about your stocks. Just $9.95 USD for 5 weeks. You will receive full access to VectorVest’s stock analysis system for both Canada and U.S., as well as a complete library of online training videos. You will have 12 years of complete Canadian data history and 20 years of US data. Call 1-888-658-7638 today!
by Stan Heller, Consultant
VectorVest Canada
Hi Stan
Great report again. I had my list ready BUT I put it back in the bag after today (Thurs)!
Geoff
Good move Geoff. Lots of news affecting the market this week, so follow-through is especially important. US futures falling again this morning (Friday) on jobs and wages data news. Still important to keep our WatchLists up-to-date; there will come a time to buy.