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Basically more buy orders than sell orders available. Sometimes when this happens trading is suspended until sell orders can be matched with the buy orders. That’s rare but it does happen.
Quite often the volume numbers are off for the trading day as they have not been calculated correctly by TD Waterhouse. It is a known issue by them and they have been working on it for quite some time. Once the day moves on the chart is correct again. They have trouble with just the most recent day. For example, today you will see their numbers are off in the technical chart. The numbers in the dailies are correct but not in the volume technical. It is not a problem for me as I look at the history and not “today’s” volume bar.
I am finishing this up and should have it up for you shortly. I have not forgotten about you!
Hi again Jim.
Yep, a good choice in my opinion and banks do well when rates are higher. Insurance companies do as well so watch Aflac and Prudential and other insurers. They do better with higher rates than banks do.Hey Jim…Thanks for your post. Glad you are onboard. I think the stock will do well in this trade. I’ll be following it and post when I sell out. It is already up from where we entered it so you might want to use a stop-loss. Here are some comments on the trade and for those who missed it, I still think there is a nice setup that could be used tomorrow, Nov 19. https://www.fullyinformed.com/members/trade-alert-a-terrific-year-of-profits-from-intel-stock-intc-nov-18-2015/
At the outset I would expect a decline in utility stocks and bond ETFs
If nothing happens to the dividend, the stock should hold the $35 to $37 level in my opinion,. Any roll-downs could be aimed to eventually end up in that valuation.
Good moves on both account. I like your thinking. The stock could fall to that level, but it would be an easy defense if needed.
There is a lot of strength at $113. Instead look for an opportunity to close over the next day or two on bounces.
Nothing wrong with taking profits. PFIZER is holding up nicely as is my favorite Johnson and Johnson Stock.
Don’t forget earnings are released on August 18 and the stock has already gapped lower. Sell small quantities in my opinion and keep cash back.
I like all the Canadian Banks and trade in all of them. Royal Bank and Bank of Montreal are perhaps my favorite although I own a lot of Bank of Nova Scotia as well. TD is my least favorite. National Bank is an excellent bank for trading which is why I stay with it. I am not sure I would agree it is in a bad market. It has branches and interests right across Canada in all major centers but it is a small bank in relation to the other larger Canadian Banks. It is undervalued and I have earned about 32% this year in National Bank of Canada stock.
This has been a discussion and off for literally decades. In the 1980’s our housing market was far more overheated than it is now. Basically areas of the market correct depending on economic fundamentals. Right now for example Fort McMurray and Calgary are having trouble due to the decline in oil prices as they are dependent on oil. Vancouver and Toronto have remained hot properties despite continually analysis to the contrary. The chance of a Lehman event is nil in Canada however almost all the analysts who look for this type of major calamity are not Canadian or have not been in our housing market long enough. We have some periods of weakness and then housing heats back up but what the US went through has never happened in Canada. I bought property in Florida in 2008 and 2009 for prices that were ridiculous but once banks took control they just wanted out so they dumped properties. They were probably as much of the problem in the housing market stabilizing as ordinary citizens. I had a nephew in Dallas buy in 2009 a 3800 square foot ranch for $175,000 from a bank. Canadian Banks are very conservative and managed quite differently from US banks. I wouldn’t worry about our banks at the present time.
I’ll write this up this weekend for you.
I think it’s a good choice as the stock is trending sideways. Payout ratio is 85%.
TeddiIt depends on your outlook and your goal. Tell me your goal and I can offer some suggestions.
Yep and my share values are up huge for the Bollinger Bands Strategy Trade. Some days it is easy to generate profits. Now you know why I stay away from more spec trades. Why bother when profits can be this easy to make in big cap stocks that won’t destroy your portfolio. If the merger between Walgreens and Rite-Aid goes through it will be a huge dominant player with literally billions more in revenue.