Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Canadian Stock Market Trends

Published 2024-03-25, 08:42 a/m

Hello everyone. It’s Stephen Whiteside here from theuptrend. com with this weekend’s look at Canadian Stock Market Trends. Now, we’re going to be taking a big picture look at the Canadian Stock Market, and we’re going to be using weekly charts. There’s going to be a couple of daily charts, but for the most part, this presentation is going to be full of weekly charts. Now, if you’re a long term investor, you should probably ignore what happens from Monday to Friday and look for bigger trend changes to happen before you start moving your money in and out of the market. Now, the first thing I always look at when I’m looking at the market is I want to filter out all the news, economic reports, earnings reports, and I want to see how options traders feel about the market. Now, the majority of options that are traded at the options exchanges in Chicago are used for hedging purposes. That means portfolio protection. When options traders get nervous about the market, they bid up the price of options, and that It tells us when there’s fear in the market and there’s no fear. If you were with us last fall, we went through six weeks of fear leading into the October lows, which gave us eventually the year-end rally.

Original Article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.