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: April 26, 2010
Monday
* No economic data scheduled for release today.
* Caterpillar Inc. (CAT),
* Humana Inc. (HUM),
* Sohu.com Inc. (SOHU),
* Boston Scientific Corp. (BSX),
* Texas Instruments Inc. (TXN) will release earnings.
Tuesday
[...]
S&P 500 and DOW: April 26th – April 30th, 2010
Last week the markets again gave no indication of a deeper correction and traded to new highs. Each flurry of selling has been met by buyers. The bears have barely seen more than two days of selling for several weeks now as the markets continue to move higher. Considering that this rally has gone [...]
WEEK’s SUMMARY: April 23, 2010
Markets floundered in early trading today, as investors weighed ongoing concerns about Greece’s sovereign debt against the release of very strong housing data. Greece finally acknowledged formally their desperate need for aid by requesting that official release a rescue package from their euro-zone peers and the International Monetary Fund (IMF).
On the heels of yesterday’s [...]
Stress and Trading
Before its closure in the Spring of 1997 I worked on the trading floor of the Toronto Stock Exchange. The 30,000 square foot facility demanded that we walk from the trading booth to our trading post stations throughout the floor and although it was not a regimented, serious workout, it did get us off our [...]
Great Stock Trading Gurus
Most of the trading tools, charting software and high speed communication devices used by today’s market gurus were not available to those who operated when I began in the market in 1960. The sophisticated software today produces information instantly, in real time for the majority of investment professionals.
Of course there were a lot less [...]
DO YOU BELIEVE: Global Economic Recovery?
The markets have been strong for 13 months since the DOW bottomed out at 6500. After the trauma of the 2008 meltdown this recovery stage has been met with much skepticism. Many of the so called experts have been predicting a huge correction for weeks now. I have oft mentioned that I am a short [...]
The Necessary Tool: Stock Charting
Anyone considering day trading or position trading equities absolutely must learn the charting basics.
Very simply, stock charts provide a picture of the past trading activity of a stock. The vertical axis on the chart shows price; the horizontal axis shows time. When looking at a stock chart from left to right, you are seeing the [...]
