The market is approaching a very important resistance level of 4600. For the recent rally to sustain itself, we need to cross this level....
The US market is in an uptrend, whereas the Canadian market has been range bound for over a year....
Stocks continue to outperform bonds. The US is still the top performer....
After a stellar rebound over the last two weeks, I would not be surprised if the market takes a break here. Do not expect anything bad. Continue to put funds to work on pullbacks....
The US dollar is approaching a historically significant level. If you need to sell some US dollars, this might be a good time to do so....
The market is trying to rebound yet again. It needs to clear 4350 to break the chain of a downtrend....
The market is getting too negative, however the silver lining is that the negative momentum is slowing down. That tends to signal a relief rally of some sort. Do not sell....
The yield curve is normalizing, but a bit differently this time. Use market weakness to buy....
The market just bounced off a very important support level. For this rally to continue, it’s imperative that we break through the declining trendline, as noted on the chart below....
Sentiment is so negative that history suggests we could be due for a market rebound....