S & P 500 Checks 200 Day Moving Average Again
S & P 500 bounced off 200 day moving average again today. 40 week average or 200 day MA, which can be used interchangeably, is at 2618.89. At the time of writing this post, the market saw a low of 2617.32 today. Key level to watch is 2710 as this has proven to be...
Dance Around 50 day MA
S & P 500 has broken above 50 day moving average on open today. That's a huge come back for the market. This potentially means good short term play for the near future. With strong earnings season on the cards and significant fear and selling since February, we...
Markets Trying Hard to Find The Bottom
S & P 500 closed above 200 day Moving Average on April 3/4. Markets did well to close above the moving average. Today, the markets seem to be retesting the 200 day MA. S & P 500 closed slightly below but Nasdaq and Dow Jones closed above 200 day Moving...
U.S. Government Charges 15% Withholding Tax On Canadian Residents
Canadian investors need to be aware of 15% tax that the US government charges Canadian investors who hold US equities in non registered accounts other than retirement accounts such asRRSP. For example, if you hold 1000 shares of AAPL in your TFSA account and...
Markets Make A Huge Comeback
S & P 500 made a good comeback last this Friday. From a low of 2641 intraday, it closed at 2691. That's a huge come back for the market. This potentially means good short term play for the near future. As volatility has spiked, it is very important to keep a close...
Markets In Choppy Waters
Markets faced a heavy correction today. Seems like volatility is back in the market. Importan to note is that the indexes such as S & P 500 broke its 50 day support today. This is not good news as it may lead to further selling. On the upside, we are going to get...