Thursday, February 23, 2012

Dow Jones Industrial Average 13000

It seems that DJI didn't really cross above 13000 on Tuesday, February 21, 2012. We will have to see today if it can actually test the mark again. I proceed to sell some more DJI index to take some profit off if it fails to cross above 13000 again.

Friday, February 17, 2012

S&P reaching to a resistance level

S&P raises 3 points today and it is reaching a resistance level. 1370 is the next resistance level. Next Monday, both US and Canada will have a day off, next week will be an important week to examine whether S&P can pass through the resistance level. However, my view is that it will not pass through the resistance level and I might take some profit off in some US securities next week.

Wednesday, February 15, 2012

Oil is raising...

The headline for this morning is that Iran cuts oil exports to six EU countries. The countries affected include Netherlands, Spain, Italy, France, Greece and Portugal. The price of oil is trading up this morning, hence, it will certainly have an impact to already a weak economy. The sold positions last week indicate it is a good move and will continue to monitor technical graphs to the major indexes. Canadian bonds seems to be a good investment for these uncertainly environment.

Friday, February 10, 2012

Not looking too good...

There are several factors indicated the market is heading lower:

1) Several indexes did not pass through the resistance from last year high around April, May or July 2011.

2) Greece issue and what do to do next

3) Have a health gain in late 2011 and early 2012.

I just sold some mutual funds on DJI, S&P and Financials.

Thursday, February 9, 2012

S&P 500 - iShares S&P 500 Index (IVV)

S&P 500 has reached 1350 area previously reached on July 2011 (Twice - Double Tops), April and May 2011 (couple of times). It is again trying to pass above these resistance points, so far it has not been successful. SMA 15 is above SMA 50 and both FSTO and SSTO are in their high of the sessions. I will wait until later in the day for selling some of my positions in S&P 500.

IVV is the ETF for S&P 500 traded in NYSE.

Wednesday, February 8, 2012

Waiting for Greece and Debt Management

The market is very quiet in these few days as we waiting for Greece to reach a deal on reforms in exchange for a new bailout. No major upside or downside in both TSX or DJI. I am positive the bailout could be reached. What do you think about the Greece bailout situation or the Euro Debt Crisis? Are Canadians tackling their debt? What are some of the ways you do to manage your debt?

Monday, February 6, 2012

Stock Market Environment where Interest Rate is Low

In this market where the interest rate is low. Every income you gain is so important to your overall portfolio performance. The bank interest pays so low just to keep at the bank account. Dividend stocks or funds don't always have to be outside of the registered account because of it's tax friendly asset class.

Encana (ECA) pays good dividend, under $18CND is a good entry point, currently is at around $20.

Shoppers Drug Mart Corporation (SC) pays close to 2.5% dividend, a good stock to invest in an uncertain environment. Currently trading around $40.

Declaimer: I do not own both of these stocks at my portfolio.

Friday, February 3, 2012

ETF SOCL - Global X Social Media Index Fund

Many of you including me are very interesting owning Facebook (FB) shares in the future when IPO is set to be sometime around May of this year. However, we might not able to obtain Facebook shares. One way to obtain Facebook share is to own Global X Social Media Index Fund (SOCL) in Nasdaq. Over the last 5 days, it has gain 7 percent anticipate Facbook IPO. As a disclosure, I do not own any SOCL shares.

Thursday, February 2, 2012

Bank of Nova Scotia could raise $1.65B with share offering

Today, Bank of Nova Scotia will offering sale of its share priced at $50.25. It is a smart move by Bank of Nova Scotia as it seems to be in a good market right now to issue more stocks. Same as Facebook announced it will too issue IPO in a few months of this year. It is one the most talked about IPOs of the year.

BNS is $50 has a strong support and it is a good entry. If it fell below $48, it will turn into a negative trend for the stock. BNS has increase dividend from $0.49 to $0.52 last year on April 1, 2011.

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