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: February 15
Monday
* The market is closed for the President’s Day holiday on Monday.
Tuesday
* January Treasury budget
* Abercrombie & Fitch Co. (ANF),
* CF Industries Holdings Inc. (CF),
* Merck & Co., Inc. (MRK),
* Teva [...]
S&P 500: What is a Reasonable Retracement?
The dramatic market sell-off from September of 2008 through March of 2009 is still fresh in the minds of many traders. There is a certain level of fear that we could return to the complete debacle we lived through then.
Markets are like pendulums. The bigger they swing one way, the bigger they swing back. [...]
Market Summary: February 11, 2010
After opening lower early in the session, stocks reversed course thanks to a slew of euro-zone countries today who pledged to support Greece through its sovereign debt drama. In particular, European Council President Herman Van Rompuy promised that European leaders would take “determined and coordinated action if needed” in order to preserve the fortitude of [...]
Good or Bad ? – Stock Buybacks
The usual bullish interpretation regarding stock buybacks is starting to give way to a backlash. Companies with piles of cash burning a hole in their pockets need to figure out what do to with it. Companies that buy their own stock expect that it will potentially boosts the stock price by reducing outstanding shares, and [...]
USD$: February 10, 2010
The entire financial world hinges on the U.S. dollar. What happens in the equity and bond markets, and indeed, all over the investment universe, from Shanghai to Dubai, is dependent entirely on a dollar down too far, too long, a dollar that bottomed out in late November 2009 at 74.5.
There are those in the [...]
Following Stock Gurus
This may sound self deprecating but you should not be letting some self-appointed market Guru dictate or dominate your trading decisions. The most you should expect, or accept, from the likes of me are a few trading ideas, a little technical analysis tutoring, and a bit of guidance in maintaining a solid trading discipline. You [...]
Confusion – The company or its stock:
There are some very good companies with mediocre stocks, and some mediocre companies with very good stocks. It can be difficult trying not to confuse the two. This quite simply is a fundamental analysis versus technical analysis issue. Some stocks simply have excellent trading characteristics while others don’t. Maybe it’s a matter of liquidity, or [...]
