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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
  • TSX Issued Sell Signal On April 9th 0 comments
    Apr 18, 2013 2:05 PM

    By Jeff Pierce

    The sell off in the TSX didn't come to a surprise to tradewithZEN subscribers as I issued a trade alert to get short the TSX via your etf of choice. It rallied up a little bit more that day and then fell 500 points. It's a little odd how the TSX has been so weak while the Dow has barely budged from it's uptrend. Based on my proprietary charts the outlook for the TSX doesn't look so good in the short-mid term.

    Normally these markets are more in sync so we may be witnessing a disconnect as it could be time for the Canadian economy to suffer through some rough times. Anybody living in Vancouver who you may ask how they've been dealing with the financial crises, I'm sure their response would be "what recession". We still have dog spas up here. Seriously.

    Anyhow, if you'd like to receive real time alerts on the Nasdaq, Djia, and the TSX, consider giving my premium service a try. I also provide a watchlist of stocks that have a good record of outperforming the general markets and my method of buying these stocks.

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