Canadian Stocks Up Firmly After Long Losing Streakfxcue.com

(fxcue news) - Canadian stocks are firmly up in positive territory on Friday, rebounding strongly with investors indulging in some hectic bargain hunting after six straight days of losses. The market's rise is also due to the positive reaction to the Federal Reserve's preferred readings on consumer price inflation. The benchmark S&P/TSX Composite Index was up 277.87 points or 1.14% at 24,691.81 a little while ago. Data from Statistics Canada showed retail sales in Canada increased 1.5% in October over the same month in the previous year. Retail sales are expected to have remained unchanged from the previous month in November, according to flash estimate, following a 0.6% increase in October. Healthcare, materials, technology, consumer discretionary and real estate are up with strong gains. Shares from industrials, utilities and financials stocks are among the other notable gainers. Telesat Corporation (TSAT.TO) is rising 7.5%. Rogers Communications (RCI.A.TO), Aritzia Inc (ATZ.TO), CAE Inc (CAE.TO), Celestica Inc (CLS.TO), Bombardier Inc (BBD.B.TO) and Newmont Corporation (NGT.TO) are up 3.5 to 6%. Teck Resources (TECK.B.TO), Magna International (MG.TO), BRP Inc (DOO.TO), Alimentation Couche-Tard (ATD.TO), Precision Drilling Corporation (PD.TO), Shopify Inc (SHOP.TO), Canadian Pacific Railway (CP.TO) and Agnico Eagle Mines (AEM.TO) are gaining 2 to 3%. Among the losers, Aya Gold & Silver (AYA.TO), TerraVest Industries (TVK.TO), Morguard Corporation (MRC.TO), North West Company (NWC.TO) and TFI International (TFII.TO) are down 1 to 2.5%.

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Canadian Stocks Up Firmly After Long Losing Streak

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Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Tags

Canadian Stocks Up Firmly After Long Losing Streak

Higher Open Tipped For Thai Stock Market

European Stocks Close Notably Lower On Hawkish Fed

Dollar Slips Against Major Counterparts After PCE Data

European Shares Seen Lower As Investors Await US PCE Data

U.S. Dollar Drops After Soft PCE Inflation Data

U.S. Consumer Sentiment Improves In Line With Preliminary Estimate In December

Canadian Stocks Up Firmly After Long Losing Streak

Asian Shares Mixed Amid Fed Worries

Please sign in

Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Tags

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