Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 12th of March.
EVEN THE MARKET NEEDS TO TAKE A REST AFTER SEVEN DAYS OF GAINS
Not only in the Bible is the number seven significant, but the number seven also plays an important role in the market as an important Fibonacci number in the Fibonacci sequence.
We expect we will see a mixed, resting market. We are not looking for a big down or big up day, but rather a mixed day as the markets rest and consolidate their recent gains. However unlike the general indices, some stocks will do well and others will fall.
Yesterday I was invited to appear on BNN, Canada's Business News Network. In light of what is taking place today in the market, you might find what I said yesterday evening very interesting.
We are going to be looking at 2 stocks that jumped on the bull band wagon this morning, they are:
IT'S GETTING CLOSER - CHAOS AHEAD
March 27th - Budget Resolution Expires
May 19th - Debt Ceiling Suspension Expires
Have a great trading day,