HomeStock MarketsThe Canadian Vanguard Stock Market Report At Market Close – Monday, January 13, 2025

The Canadian Vanguard Stock Market Report At Market Close – Monday, January 13, 2025

The Canadian Vanguard Stock Market Report At Market Close – Monday, January 13, 2025

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The Toronto Market

                                                                                                                                 

The TSX composite index declined -231.41 points or -0.93% to close the market session at 24,536.32. TSX suffered a second consecutive session of sizable decline today. The decline today was not due to profit taking or similar factors as there was no profit to take. The decline was more fundamental and structural.

The Market Breadth:  Telecommunications Services, up 0.87% was the only sector to gain today. The Toronto market was bearish today and the market breadth was stifled.  Discretionary Consumer Goods & Services was down -0.25%; Durable Consumer Goods & Services was down -0.60%; Financials declined -0.68%; Technology was down -1.20%; Healthcare was down -1.21%; Energy was down -1.30%; and Basic Materials was down -1.63%. It was a rough session at the TSX today.

Industry Groups:  Textiles & Leather Goods gained 11.11%; Chemicals – Agricultural gained 5.44%; Retail – Departmental Stores gained 2.27%; Highways & Railtracks was up 2.26% and Auto / Truck / Motorcycle Parts gained 1.85%.

Today’s Statistics: Today, the declined issues (Decliners) outnumbered the gaining issues (Advancers). There were five Decliners for every two Advancers or a more exact ratio of 2.53-to-1.0 – bearish. In real numbers, there were 1,411 Decliners to 558 Advancers while 135 stocks remained Unchanged.

Today, there were 47 new 52-Week Highs and 60 new 52-Week Lows. By comparison, there were 67 new 52-Week Highs and 52 new 52-Week Lows on Friday.

Today, the total volume of shares traded at the TSX was 370,122,846, or 12% less when compared to the volume of 418, 326,436 shares traded on Friday.

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The US Markets

The major indexes closed mixed today with only NASDAQ ending the session in red but, however, closed off the day’s lows. The Dow Jones Index advanced 358.67 points or 0.86% to close at 42,297.12. The S&P 500 index gained 9.18 points or 0.16% – about 10% of what it lost on Friday, to close at 5,836.22. The Nasdaq Composite was down -73.53 points or -0.38%, to close at 19,088.10.  The markets improved today compared to the last three sessions but the markets are far from being out of the woods.

The Market Breadth:   Eight of the major sectors gained today. Basic Materials, up 1.36%, was the top performer. Energy, up 1.28%, was next. Healthcare was up 0.76%;  Industrials gained 0.75%; Financials was up 0.66%; Discretionary Consumer Goods & Services gained 0.23% and Durable Consumer Goods & Services gained 0.13%; Technology declined -0.85% and Utilities declined -1.00%.

Industry Groups:  Chemicals – Agricultural was up 5.53%; Managed Health Care was up 3.76%; Forest & Wood Products gained 3.63% and Office Equipment was up 3.55%.

Today’s Market Statistics:  At the NYSE, the declined issues (Decliners) barely outnumbered the gaining issues (Advancers). There was one Decliner for every Advancer or an exact ratio of 1.02-to-1.0. In actual numbers, there were 2,087 Decliners to 2,045 Advancers with 306 Unchanged.

Today, there were 31 new 52-Week Highs and 342 new 52-Week Lows – the market was totally bearish. By comparison, on Friday, there were 45 new 52-Week Highs and 344 new 52-Week Lows.

The total volume of stocks traded at the NYSE today was 1,070,244,783, or 5% less when compared to the volume of 1,128,704,184 traded on Friday.

On the NASDAQ, the Decliners outnumbered the Advancers. There were seven Decliners for every five Advancers at the market session today or a more exact ratio of 1.36-to-1.0. In actual numbers, 2,550 Decliners to 1,871 Advancers with 217 Unchanged.

Today, there were 44 new 52-Week Highs and 349 new 52-Week Lows.  By comparison, on Friday there were 65 new 52-Week Highs and 291 new 52-Week Lows.

The total volume of shares traded at the NASDAQ today was 8,082,728,470, or 12% less when compared to the volume of 9,180,662,636 shares traded on Friday.

Oil Price:    Crude oil futures was down -0.46% as at the time of this report. Oil price was at $78.45 as at the time (11pm Monday) of this post update. Oil price had been as high $78.70 earlier in the day.

10 –year Treasury Yield:  On Monday, the 10-year U.S. Treasury yield rose to 4.8% but it is at the time of this post at 4.759%. It is very high if your scope of consideration is only stock market investing.

Market Roundup Report:   The stock market performance improved today compared to last week but is still too early to change our call on the market outlook. There appears to be rotation away from Technology stocks. NASDAQ has now suffered four consecutive sessions of decline. The NASDAQ finally closed below the 50-day line and 10-year Treasury yield remains high. It is time for a lot of caution with trades. The focus should be on preserving capital.

After hours action:  Stock futures ticked higher overnight.  Dow Jones futures rose 0.22% vs. fair value. S&P 500 futures advanced 0.37% and Nasdaq 100 futures climbed 0.52%.

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Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

All the stocks in this watchlist declined today as the Toronto market suffered a second consecutive session of major decline. The Canadian big banks declined.

 Blended Growth Stocks Watchlist 

EV, Energy and Resource Stocks Watchlist 

Tesla started the session low but reverse to end the session with a good gain. Reports have it that some analysts predicted Tesla stock hitting $800 by year end, based on the company successfully  integrating AI and Full Self Driving (FSD) technology during the year.

 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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