Trader’s Narrative

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 […]

In his latest quarterly missive, Jeremy Grantham chairman of Grantham Mayo and Van Otterloo (GMO), posits that the whole world is now caught up in a speculative bubble. His letter titled “The First Truly Global Bubble” lead to a lot of debate this past week - if you’re interested to actually read the letter for […]

Moving averages are one of, if not, the first indicator that people are introduced to. They are simple to calculate, simple to understand and they seemingly smooth out the price on a chart, painting beautifully rounded hills and valleys. Most plot them right on the price chart and use them to show areas of support […]

While most of our attention is raptly focused on the current upturn in the equity market, a massive, stealth bull market has been ongoing for a few years, right under our very noses. I’m referring to the uranium market of course. You never hear about it on CNBC and you never read about it on […]

It’s been a while since I mentioned Canadian REITs so here’s a quick recap of what is going on in this sector of the Canadian markets. Eventhough this is a trading blog, I look at income investing once in a while because I think its smart to sweep your trading earnings into relatively safe investments […]