MY JOURNAL FOR MONDAY MORNING – NOVEMBER 11, 2019
NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS
The Canadian Technician 📺
Autos Start To Roll
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Just to highlight that my content volume will drop over the next two weeks as I will be on vacation.
The market is broadly moving higher and that is bullish! What is not moving higher is the REIT’s and Utility industry groups. The Mortgage REIT’s are ok, but most others are feeling some pressure. – READ MORE (click here to see charts)
Here’s this weeks video! Autos Start To Roll:
Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts For Dummies
Stock Market Outlook for November 11, 2019 – EquityClock.com 📊
On the economic front, Statscan released labour market data for the month of October. The headline print indicated that employment declined by 1,800 last month, which is much weaker than the 10,000 increase that was expected by analysts. The unemployment rate remained unchanged at 5.5%, which was a tenth of a percent below estimates of 5.6%. Stripping out the seasonal adjustments, employment actually declined by 10,000, or 0.05%, which is marginally weaker than the 0.1% increase that is average for this time of year. The year-to-date change remains above the seasonal average trend, now by three-tenths of one percent, which is the strongest pace since 2007. The Canadian Dollar dipped following the report’s release. Subscribers received further insight on what is driving employment in Canada, as well as the expected path of the domestic currency moving forward. Subscribe now.
Tech Talk is a free stock market letter service available at TimingTheMarkets.com and EquityClock.com. Ask us about the Seasonal Advantage Portfolio.
The widow maker strikes again, a $6-billion wipeout and other tales from a wild week in the markets – 5iResearch.ca 📰
Peter Hodson: Regardless of market direction, there is always something interesting going on — here are five such stories from this week
When markets are rising, as they have been recently, working in the investment business can be a lot of fun. Everyone’s making money and feeling good. When markets take a downturn, of course, everyone’s grumpy. My wife and kids can usually tell which way things are going, since, by dealing with thousands of do-it-yourself investors, these feelings get expressed to our company day after day.
But, regardless of market direction, there is always something interesting going on. This is why I couldn’t think of any better career. No day is ever the same, and, if you look hard enough, there are stories everywhere. Let’s take a look at five:
The widow maker strikes again
When I was last a portfolio manager, nearly nine years ago now, we used to call the company Sierra Wireless the “widow maker.” It got this nickname from its almost predictable habit of missing earnings badly, and then seeing its stock fall precipitously. Well, a decade later the moniker still very much applies. – READ MORE
Peter Hodson, CFA, is Founder and Head of Research of 5i Research, a conflict-free investment research provider for retail investors offering research reports, model portfolios and investor Q&A, which is available to try for free (Click Here).
BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS 📈
Gibson Energy (TSX:GEI)
CGI Group (TSX:GIB.A)
Diversified Royalty (TSX:DIV)
Enbridge (TSX:ENB)
CAE (TSX:CAE)
Intrinsyc Technologies (TSX:ITC)
MOMENTUM ALERT SIGNALS 📡
Have a great day! 🙂
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