Trader’s Narrative

It never ceases to amaze me just how horribly wrong regular people are as a group when it comes to timing the market. There is a whole cottage industry around trying to gauge their sentiment so it can be faded.
Being a contrarian isn’t as easy as simply doing the opposite of what the non-professional […]

While the US market was closed for Martin Luther King day, markets in Europe declined in what can only be described as a panic.
Lets throw some scary numbers around: Toronto fell almost 5%, Mexico -5.4%, the MSCI World Index fell 3%, the European Stoxx 600 -5.7%, the FTSE -5.5%, the DAX more than -7%, in […]

Just a few short years ago no one in Canada had any other platform to trade on other than that provided by the Toronto and Montreal Exchanges. If you want to get technical, there were “dark pools” but you’d have to be an institution to have access.
Now the Canadian market is bursting at the seams […]

The US market isn’t the only one getting whacked. Almost all the international markets have swooned in unison, thanks to an ever intertwining global financial market.
The Canadian market has been most recently driven by the natural resource sector: the mining (gold, uranium, etc) and energy sectors (oil and natural gas) especially.
According to Lowry’s research, […]

While US REITs breached their long term (200 day) moving average in early May, the Canadian REITs have just breached their’s. They have been getting roughed up all this month. But the selling has reached a point which I think has washed out all the weak hands.

For starters, the S&P/TSX Capped REIT Index is now […]