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John Ridd

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Ridd & Associates Weekly Enews

Posted on: July 13, 2018

• Trump administration implementation of tariffs continues to dominate the newsfeeds, yet the market continues to hold. That is quite surprising to many, even with threat of another $200 million worth of tariffs on goods announced this week. The market has held in the range based on the positive jobs and wage growth report out last Friday and other signs of economic strength and fundamentals. (SIACHARTS.com) • The Bank of Canada as expected raised rates on Wednesday with some signs of growth in the economy but they are not in any hurry to push rates further due to trade worries. (BMO Capital Markets) • Oil prices have had a large move this year but with expectations of more oil coming into production from the Saudi’s, Russian’s and particularly the U.S., we would expect prices to continue to be volatile and with it we expect weakness in the Loonie to continue. • Stock markets globally are mostly up so far into July after pulling back late in June. They are attempting to push to the highs of mid-June and the all-time highs at the beginning of the year as they climb the wall of worry. Overall, this continues to be a sideways trading range for the past six months. With that, we are fully invested and in the Green Zone. Markets typically trade sideways approximately 60% of the time. Passive buy and hold does not work in these sideways markets and therefore the need to focus on stock picking and monitoring positions in our Stoplight.

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Weekly E-Newsletter for Friday April 29, 2016

Posted on: May 6, 2016

Markets continue to be stuck in this trading range as they have been for a long time. The markets are just below the recent top and look like they may possibly be heading back down again. What we are seeing now is sideways markets trading on rather light volume in comparison to traditional markets indicating a lack of conviction to either the upside or the downside.

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Weekly E-Newsletter for Friday May 6, 2016

Posted on: May 6, 2016

April was indeed a volatile month. The market breadth, we have discussed previously, continues to be weak which indicates that there are a limited number of stocks participating in the market moves and this is especially true for small to mid-cap companies.

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Weekly E-Newsletter for Friday April 22, 2016

Posted on: April 22, 2016

The markets continue to climb the wall of worry and that is in the face of some very concerning and underlying technical weakness. However, as we have discussed in previous eNewsletters, we are in the Green Zone which calls us to become invested. As we mentioned last week, we are viewing this as more of a light green as the indicators are teetering on the edge of the Yellow Zone.

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