The Canadian Vanguard Stock Market Report – December 13 – 15, 2024 Weekend

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Your Data-Driven Stock Market Analysis And Report –  the investor’s readiness guide for the week of December 16 market sessions.

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The Toronto Market, Friday

The TSX composite declined again today. The index was down -136.41 points or -0.54% to close the market session at 25,274.30. The TSX was the worst performing index of the major North American stock indexes that we track and report on.  The TSX has been down five of the last six sessions.

                                                                                                                                 

Today’s Statistics: Today, the declined issues (Decliners) outnumbered the gaining issues (Advancers). There were two Decliners for every Advancer or a more exact ratio of 1.87-to-1.0. In real numbers, there were 1,252 Decliners to 669 Advancers while 151 stocks remained Unchanged.

The total volume of shares traded at the TSX on Friday was 347,861,185, or 5% lower when compared to the volume of 367,213,599 shares traded on Thursday.

Today, there were 129 new 52-Week Highs and 36 new 52-Week Lows. By comparison, there were 121 new 52-Week Highs and 29 new 52-Week Lows on Thursday. The market’s bearish trend continued.

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The US Markets

The markets closed mixed today. The Dow Jones Index declined -86.06 points or -0.20% to close at 43,828.06. The S&P 500 index declined a negligible -0.16 points or 0.00%, to close at 6,051.09. The Nasdaq Composite was up 23.88 points or 0.12%, to close at 19,926.73. The non-tech big caps are simply for now marking time, taking some time to catch their breadth after several sessions of gains a couple of weeks back.

The US big banks are largely down as the 10-year Treasury yield starts to climb again.

Today’s Market Statistics:  At the NYSE, the declined issues (Decliners) completely outnumbered the gaining issues (Advancers). There were two Decliners for every Advancer or a precise a ratio of 2.22-to-1.0. In actual numbers, there were 2,783 Decliners to 1,249 Advancers with 325 Unchanged.

Friday, there were 100 new 52-Week Highs and 141 new 52-Week Lows. By comparison, on Thursday, there were 116 new 52-Week Highs and 93 new 52-Week Lows. The market trend is increasingly getting bearish.

The total volume of stocks traded at the NYSE on today was 861,280,421, or 30% lower when compared to the volume of 1,229,988,537 traded on Thursday.

On the NASDAQ, the Decliners totally outnumbered the Advancers. Roughly, for every two Decliners there was one Advancer or a precise ratio of 1.92-to-1.0. In actual numbers, 2,870 Decliners to 1,493 Advancers with 253 Unchanged.

Today, there were 133 new 52-Week Highs but 234 new 52-Week Lows.  By comparison, yesterday there were 123 new 52-Week Highs but 172 new 52-Week Lows. The market today was firmly bearish. The bearish trend continues.

The total volume of shares traded at the NASDAQ today was 7,286,671,384, or 8% more when compared to the volume of 6,763,657,807 shares traded on Thursday.

Oil Price:    U.S. crude oil futures jumped 6.1% to $71.29 a barrel last week. Oil price was down at $70.92 as at the time of this update at 11pm Sunday December 15.

10 –year Treasury Yield:  The 10-year Treasury yield surged closer to 4.5% on Friday throwing the stock market into a bearish mode, as was the case for most of the past week. The 10-year yield was down slightly at 4.39% as per Sunday evening futures.

Market Roundup Report:  The market today was firmly bearish. All in all, market breadth has deteriorated considerably this month. Tesla Inc. and Broadcom Inc. were up on Friday but the market was largely bearish. The current rally appears to be looking for an incentive or a trigger to take a break. Investors should always show caution but with the current market, it is time for extra caution. Dow Jones was down six of the past seven sessions.

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Speculative – Digital Assets

Bitcoin Digital reached $106,000.00 but pulled back slightly as at the time of this post.

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Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

Blended Growth Stocks Watchlist  

EV, Energy and Resource Stocks Watchlist  

Backed By Political Fundamentals: We noted before and are pointing it out again that one should never rule out Tesla stock (TSLA) given Elon Musk’s clout  in the Trump’s administration. The TSLA stock should be in your watchlist or on your radar screen. The stock is most likely to hit $500.00 price tag before the end  of June 2025.

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.

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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.