2022-01-06 Santa Claus Rally
Analyst Articles

Spotlight on the Santa Claus Rally

The Santa Claus Rally occurs during the last 5 trading days in December and the first 2 trading days in January. So, how did the latest Santa Claus rally fare this year? The Rally got off to a great start, then fizzled out as the period progressed, and ended up rather poorly. [more]

Chart-of-the-Day

Technical Analysis – Chart-of-the-Day – Spotlight on the S&P/TSX Composite Index

The S&P/TSX Composite Index (“S&P/TSX” or the “Index”) has reached a milestone. For the first time ever, it has closed above 20,000! From the March 2020 low, the Index has gone almost parabolic, with just a brief pause in September – October last year. This kind of relentless upward move usually ends with a pull-back, often resulting in a significant retraction. Downside support sits at 18,000. [more]

Market Insights

Top Ten Portfolio Keeping Pace With S&P/TSX

Our Top Ten Portfolio slipped slightly over the past two weeks by 0.5% while the S&P/TSX Composite Index rose 0.6%. We are increasingly nervous about a possible near-term correction even though the market has entered its strongest seasonality period. Investors should be alert for tax-loss selling situations, where increased selling for window-dressing purposes could result in sharply lower prices for “loser” stocks. This often provides an ideal entry point for astute buyers. [more]