Where will the loonie land?

  Loons are a species of bird that are an iconic part of the northern Ontario—and much of Canada’s northern wilderness experience. We live with the loons in my cottage throughout the summer in “the Near North” of Ontario. We watch them fly home, raise a family, and then fly back south before the winter. [...] read more

Special report: An action plan for the current market

  Before we get started on today’s market comment, don’t forget that I’m on BNN MarketCall Tonight – Next Tuesday September 30, 6:00pm. Phone in with your questions on technical analysis for me during the show. CALL TOLL-FREE 1-855-326-6266. Or email your questions ahead of time (specify they are for Keith) to marketcall@bnn.ca The markets I noted about a month [...] read more

Healthcare is healthy, but may be due for a flu shot

  To remain healthy, trending stocks need to have occasional pullbacks. A bit of profit taking that pulls a stock or index back to the trendline prevents the movement from becoming parabolic. Parabolic movements usually retreat just as violently as they rise.  Longer termed investors are actually better served in owning stocks that test their [...] read more

Rising interest rates are good for the stock market!

  Fed Chair Janice Yellen noted in her speech last week that she will delay raising rates, but expects to act more aggressively when the Fed does begin to raise them – which some economists believe will be late 2015.  Contrary to what you may believe, rising rates are actually bullish for the stock market. [...] read more

Nasdaq downside target

Despite recent market weakness, the S&P 500 and broad NYSE stocks continue to show healthy depth of breadth. Note the recent new highs on both the A/D line (black) and the S&P 500 (red) on the chart above. The A/D line is also well above its 40 week (200 day) MA, illustrated by the blue [...] read more