Carl Christie has traded equities for close to half a century. Thirty-seven of those years were spent on the Toronto Stock Exchange trading floor as a market maker and professional trader. As the Chairman of the Professional Traders Association from it’s inception in 1987 until the TSX trading floor closure in 1997, he represented the trading floor by sitting on numerous TSX standing committees and trading rules committees. Since 1997 Mr. Christie has consulted with publicly traded companies in both an Investor Relations capacity and as a stock trading analyst.
This Week’s ECONOMIC CALENDAR: March 1
Monday
* January’s personal income and spending reports
* January personal consumption and expenditures (PCE) price index
* January’s construction spending index
* Institute for Supply Management’s (ISM) manufacturing index for February
* DISH Network Corp. (DISH),
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Paul Volker Rule Changes
Obama stunned financial markets in January with the proposal to restrict proprietary trading by banks, get them out of the hedge fund business, and limit their future growth. Now some analysts are saying that the Volcker rule could be watered down and included in a final legislative package expected to emerge from the banking committee [...]
S&P 500 – February 28, 2010
The S&P 500 is trading just below the 1,110 [1104.49] area, which marks a 61.8% Fibonacci retracement of the Jan.19, 2010 high and the Feb. 5, 2010 low. There are many pundits who would suggest this indicates a continuation of the market rally from the recent lows and an eventual retest of the January highs [...]
CLOSING MARKETS: Friday, February 26
Trading volume was fairly light for most of the day as a blizzard pounded New York City and kept many traders away from their desks through the first half of the day. There was little volatility to the market today as stocks didn’t stray too far from break even. On this quiet Friday stocks were [...]
EXTENDED TRADING HOURS:
The stock market is only open from 9:30 a.m. to 4 p.m. ET. However, you can trade outside those hours?
Going back to when I started on the old TSX trading floor in 1960, stock markets were based on humans physically pairing up transactions made on small slips of paper. This was a time consuming and [...]
TRANSPORTATION STOCKS FACE CRITICAL CROSSROADS
Certain sectors perform better during strong economic times while others outperform as our economy stumbles. For example transportation stocks tend to lead the economy out of recession as economic conditions improve.
So when charts relating to the transportation group begin moving up it generally will alert us to the probability that the underlying economy is [...]
Unwinding Economic “Fixes”!
Much of the stimulus that powered the stock market to a 70% gain from the March low has disipated and has contributed to stalling the rally.
When the economy and financial markets were selling off drastically, global central banks and governments took drastic measures by using record-low interest rates and trillions in stimulus money. The goal [...]
