Canadian Stock Market Timing 07092024

Canadian Stock Market Timing 07092024 In today's presentation, Stephen Whiteside from TheUpTrend.com provides a comprehensive overview of recent market activities. He starts with the U.S. market, noting the VIX's potential buy signal and new highs for the S&P 500, with semiconductors, particularly Intel, leading gains. The focus then shifts to the Canadian market, where all major indices are on buy signals despite some volatility. Consumer Staples, led by George Weston, Jamesons, and Loblaws, have been strong performers. In contrast, the Energy sector shows signs of potential sell signals, particularly for Athabasca and Suncor. The Financial sector is mixed, with some stocks like Royal Bank and Manulife showing positive trends while others remain stagnant or bearish. Whiteside concludes by highlighting the differences between the Canadian and U.S. markets, particularly in the technology sector, and advises caution in the Energy sector while noting stability in the Gold sector. Stephen Whiteside TheUpTrend.com Tuesday, July 9, 2024 https://theuptrend.com/canadian-stock-market-timing-07092024/