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.
DOW and S&P 500: Monday, May 24, 2010
It only took two weeks for the markets to revisit the lows set on the “flash” crash of May 6. After a quick bounce, the markets entered a free fall this past week culminating in a gap- down near the crash levels on Friday morning. However, the markets rebounded sharply and finished well in [...]
This Week’s ECONOMIC CALENDAR: May 24, 2010
Monday
* April’s existing home sales
* Campbell Soup Company (CPB),
* Yingli Green Energy Hold. Co. Ltd. (YGE),
* Phillips-Van Heusen Corp. (PVH) will release their quarterly earnings figures.
Tuesday
* May’s consumer confidence figures
[...]
DIVIDEND PAYING STOCKS:
It is easy to understand why investors are seeking dividend paying stocks to seek relief from the recent frenetic markets..
Dividends are those steady and often increasing cash payments made by companies to stockholders, and are one thing investors can hang onto during unsteady times.
Over time, dividend payments account for roughly a third of investors’ total [...]
MARKET CRAPS OUT: Thursday: May 20, 2010
Just last Friday I wrote:
“But during these highly volatile markets it is important to remember that when they sell off they sell off with a vengeance and when they buy them they run them up, way too far, way too fast.”
I don’t think my sentiments could be better illustrated than by today’s frenzied sell-off. [...]
Gold ?
On May 12, I wrote: “I anticipate we will see Gold at US$1,350 before the end of the year. I would recommend Junior Gold stocks and Gold exploration companies.”
My statement reflects the fears and attitudes of many traders as we attempt to navigate through these rough investing waters. Whether or not gold makes for [...]
Wednesday: SUMMARY: May 19, 2010
Almost every losing trading session over the past two weeks can be described thus: “Stocks spent the day in the red as continuing concerns about Europe’s sovereign debt situation swept over Wall Street.”
Today was no exception as traders feared that weakness in the euro will begin to impact profits at multi-national U.S. corporations, even [...]
Tuesday SUMMARY: May 18, 2010
After watching yesterday’s chart action, you might think that the rebound from negative 184 points to a close on the plus side would indicate that the recent market bearish mood was finally subsiding and the correction was over.
Many times, a corrective phase will end on what is called a “key reversal” day where [...]
