The Canadian Vanguard Stock Market Report – November 22 – 24, 2024 Weekend
.
Your Data-Driven Stock Market Analysis And Report – The investor’s readiness guide for the week of November 25 market sessions.
(Updated regularly throughout the weekend)
.
The Toronto Market, Friday
The TSX composite was up 53.60 points or 0.21% to close the market at 25,444.28.
Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were roughly five Advancers for every two Decliners or a ratio of 2.4-to-1.0, quite bullish. In real numbers, there were 1,334 Advancers 556 Decliners and while 138 stocks remained Unchanged.
Friday, the total volume of shares traded at the TSX was 341,248,269, 4% less when compared to the volume of 355,763,823 shares traded on Thursday.
Friday, there were 264 new 52-Week Highs and 10 new 52-Week Lows. By comparison, there were 221 new 52-Week Highs and 29 new 52-Week Lows on Thursday. The TSX is on a roll as the bullish trend continues.
.
The US Markets,
The Dow Jones Index was again, for the second day running, clearly the top performing index at the market session on Friday. The index advanced 426.16 points or 0.97% to close at 44,296.51. The S&P 500 index gained 20.63 points or 0.35%, to close at 5,969.34. The Nasdaq Composite moved up 31.23 points or 0.16%, at 19,003.65. Nvidia has recently been a drag on NASDAQ but that could change at any market session, however, the days of giant gains by the stock may be over in the short term.
Today’s Market Statistics: At the NYSE, the gaining issues (Advancers) totally outnumbered the declined issues (Decliners). There were three Advancers for every Decliner or a precise ratio of 3.19-to-1.0. In actual numbers, there were 3,074 Advancers to 962 Decliners with 342 Unchanged. We’ll put it this way – The bears went to lunch and failed to return to the market session. The market session was lopsidedly bullish and happening for the second session in a row.
Friday, there were 532 new 52-Week Highs and 41 new 52-Week Lows. By comparison, on Thursday, there were 380 new 52-Week Highs and 88 new 52-Week Lows.
The total volume of stocks traded at the NYSE on Friday was 1,019,815,607 which is 45% higher than the volume of 703,289,004 traded on Thursday. The positive market was supported by very good volume increase – an indication of strong support for the positive market.
On the NASDAQ, the Advancers outnumbered the Decliners. Roughly, for every five Advancers there were two Decliners or a precise ratio of 2.4-to-1.0. In actual numbers, 3,076 Advancers to 1,271 Decliners with 239 Unchanged.
Friday, there were 299 new 52-Week Highs but 90 new 52-Week Lows. By comparison, on Thursday there were 215 new 52-Week Highs but 159 new 52-Week Lows.
On Friday, the total volume of shares traded at the NASDAQ was 6,826,661,611, 11% less when compared to the volume of 7,713,718,478 shares traded on Thursday.
Oil Price: Oil price rose more than 5% for the week as rhetoric about the possibility of Ukraine war intensifying increased. Oil price was at $70.96 down -0.38% as at the time of this post.
10 –year Treasury Yield: The 10-year Treasury yield fell several basis points to 4.35%.
Market Roundup Report: The market is currently firing on all cylinders. It is a good time to be fully invested but one must, as good practice, avoid stocks with price extended. Such stocks run the risk of a pullback at any time. For our readers who are beginner investors, a good idea is to always remember that until one sells the profit remain money on paper only. It is as such a good idea to take some profit if one of your stocks reach between 15 and 20% gain. While you wait to make more profit, do not let the current profit evaporate totally.
A good number of stocks have doubled in price since Trump’s election. We shall discuss, feature, some of such stocks in our Monday, November 25 publication. Be sure to visit this site for the feature post.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The US big banks did better than the Canadian big banks on Friday.
Blended Growth Stocks Watchlist
DECK, AEM, TTD, TWLO and GIL are stocks to keep an eye on. META and CAVA have done very well since the beginning of the year and still have some punch left.
EV, Energy and Resource Stocks Watchlist
We may soon be removing the EV stocks from this watchlist. EV stocks remain very long term investments.
IMPORTANT NOTICE
Readers are reminded that the market’s performance at the following day’s market session may completely differ from the market performance at the overnight markets.
SUBSCRIPTION Offer: We thank you for following our Stock Market posts but please be aware that we shall soon be restricting these articles to subscribers only.
We do not send this publication by email to readers. If you receive a copy by email please simply forward the email to us.
Our reports are composed by humans after proper analysis and detailed research. It is neither AI nor machine generated. We do not, like AI, make things up.
