The Canadian Vanguard Stock Market Report – Tuesday, March 11, 2025
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The bears were definitely present but had other distractions so did less damage today!
The Toronto Market
The TSX composite index declined -132.51 points or -0.54% to close the session at 24,248.20. The downtrend continues but today’s market performance improved on yesterday’s. The market is in correction.
The Market Breadth: Only one of the ten major sectors gained at the Toronto market. Basic Materials advanced 2.68% to lead the sectors at the session. Utilities was down a mere -0.20%; Energy was down -0.22%; Healthcare was down -0.50% and Technology was down -0.59%. Financials was down -1.23% as the big banks continue to struggle. Industrials was down -1.45%; Discretionary Consumer Goods & Services, which essentially is retail, was down -1.67%; Telecommunications Services was down -2.08%; and Durable Consumer Goods & Services was bringing up the rear down -2.70%. The Canadian market saw some investors move towards defensive sectors.
Today’s Statistics: The issues that declined (Decliners) outnumbered those that gained (Advancers). There were roughly three Decliners for every two Advancers or a more exact ratio of 1.62-to-1.0. In real numbers, there were 1,207 Decliners to 745 Advancers while 145 stocks remained Unchanged.
Today, there were 22 new 52-Week Highs and 71 new 52-Week Lows. The bears are still in firm control.
The total volume of shares traded at the TSX today was 626,473,001 or about the same compared to the volume of 625,283,774 shares traded yesterday.
Market Roundup:
The market are not stable. You should trade this market only if will be available to attend any surprises with nimble. Also, the market is not in a good shape. The indexes have totally retraced the gains made during the first half of the past three months.
If this was the chart of a stock, you would certainly not be in a rush to buy the stock.
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The US Markets
The Dow Jones Average index dove -478.23 points or -1.14% to close at 41,433.48. The S&P 500 index declined -42.49 points or -0.76%. The Nasdaq Composite -32.22 points or -0.18%, to close at 17,436.10. The markets improved on yesterday’s performance with NASDAQ almost eclipsing yesterday’s 4% points decline. 
The Market Breadth: Only one of the eleven major sectors gained at the Toronto market. Basic Materials was up a mere 0.18% during the session. Technology was down -0.18%; Energy was down -0.33%; Financials was down -0.35% and Utilities was down -0.40%. Durable Consumer Goods & Services was down -1.02%; and Telecommunications Services was down a whopping -3.65%. Telecommunications was the only sector with a major decline and that is likely as result of investors embracing risk and going for growth sectors. Technology was the second best performing sector today even though it declined.
Today’s Market Statistics: At the NYSE, the issues that declined (Decliners) totally outnumbered the issues that gained (Advancers). There were three Decliners for every two Advancers – or an exact ratio of 1.60-to-1.0. In actual numbers, there were 2,619 Decliners to 1,641 Advancers with 345 Unchanged.
There were 41 new 52-Week Highs and 266 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 6,331,342,038 or 2.4% less, compared to the volume of 6,486,900,728 shares traded yesterday.
On the NASDAQ, the Decliners outnumbered the Advancers. There was roughly once Decliner for every Advancer or an exact ratio of 1.12-to-1.0. In actual numbers, 2,323 Decliners to 2,067 Advancers with 247 Unchanged.
Today, there were 40 new 52-Week Highs and 427 new 52-Week Lows.
The total volume of shares traded at the NASDAQ was 9,382,421,333, or 7% more, compared to the volume of 8,839,983,118 shares traded yesterday.
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Stocks in the News / Stocks To Watch
The Toronto Market
Gold is currently selling and in demand. Gold miners are doing well in the stock market. Agnico Eagle Mines (AEM) is a stock to keep an eye on. Canadian Natural Resources (CNQ) is also a stock to keep an eye and possibly add the watchlist later when the matter returns to upward trend.
The US Markets
Super Micro Computers Inc (SMCI) has been through a really troubled first quarter of the year. The problem started last year around the middle of the year. it appears that the company has put all those accounting and auditor related problems and the threat of delisting behind now and ready to move forward. The company has the technology and could continue to dominate not only AI facilities but a significant portion of the data center deployment business. However, moving forward is not going to be easy until the current market choppiness abates. Once the choppiness starts to pass away , which will happen in any case, regardless of more or less Trump’s tariffs. SMCI was up today 10.68% or 3.94% with 95.9M shares changing hands. This, also, is a pretty liquid stock.
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Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The stocks of the Canadian big six banks are not truly lagging. The only advantage to buying the banks stocks is that as the price declines, and if the banks do not cut dividends, then the yield is higher.
Blended Growth Stocks Watchlist
The gold miners are doing well and the AEM stock particularly continues to be great. The stock has successfully defied the current market choppiness.
EV, Energy and Resource Stocks Watchlist
Tesla outperformed today. The stock, however, violated some “SELL” rules last week. The Chinese EV manufacturer stocks are certainly worth keeping an eye on.
IMPORTANT NOTICE
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