The Canadian Vanguard Stock Market Report At Market Close – Wednesday, January 15, 2025

.

Follow us  for Data-Driven Analysis and Insights To Guide Your Trading and Smart Investing

.

The Toronto Market

The TSX composite index gained 200.72 points or 0.82% to close the market session at 24,789.30. Today was very positive and the TSX appears ready to rally.

                                                                                                                           

The Market Breadth:  Eight of the ten major sectors gained today. Technology with a 2.03% gain was the top gainer. Financials gained 1.30%; Industrials was up 0.56%; Basic Materials was up 0.54%; and Utilities was up 0.48%. Healthcare was up 0.47%; Energy was up 0.44%; and Durable Consumer Goods & Services was up 0.27%.  Discretionary Consumer Goods & Services declined -0.20%; and Telecommunications Services, the bottom performer today, was down -0.31%.

Industry Groups:  Integrated Telecommunications Services gained a portfolio friendly 9.47%; Advertising / Marketing gained 8.96%; Personal Products gained 8.94%; Entertainment Production gained 8.60%; and Oil & Gas Drilling was up 8.38%.

Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were nine Advancers for every two Decliners or a more exact ratio of 4.45-to-1.0 – that is bullish and very positive. In real numbers, there were 1,557 Advancers to 350 Decliners while 131 stocks remained Unchanged.

Today, there were 61 new 52-Week Highs and 17 new 52-Week Lows. By comparison, there were 42 new 52-Week Highs and 55 new 52-Week Lows yesterday.

Today, the total volume of shares traded at the TSX was 337,757,214, or about the same when compared to the volume of 334,725,492 shares traded yesterday.

.

The US Markets

The major US market indexes registered almost record high gains at market close today. The three indexes gained. NASDAQ declined truncated a five consecutive session losing streak. The Dow Jones Index advanced 703.27 points or 1.65% to close at 43,221.55. The S&P 500 index gained 107.00 points or 1.83% to close at 5,949.91. The Nasdaq Composite vaulted 466.84 points or 2.45%, to close at 19,511.23.

The Market Breadth:   Bulls on the rampage!!! Today’s market’s mood today was a reversal of the markets’ most recent sessions. All the sectors advanced and with good, sizable gains. Technology lead the sectors with 2.42% gain. Financials were next with 2.30% gain; Discretionary Consumer Goods & Services was up 2.29%; and Utilities was up 1.53%. Basic Materials gained 1.17%; Industrials was up 1.15%; Energy was up 1.14%; Telecommunications Services gained 0.44% and Durable Consumer Goods & Services, up 0.07%, was the bottom performer.

Industry Groups:  Marine Port Services gained followed up on yesterday’s big gain with 13.37% gain today. Auto & Truck Manufacturers was up 5.75%; Rails & roads – Passengers gained 5.30%; Advertising / Marketing was up 4.72%; and Tires & Rubber Products gained 4.34%.

Today’s Market Statistics:  At the NYSE, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were three Advancers for every Decliner or an exact ratio of 5.94-to-1.0. In actual numbers, there were 3,584 Advancers to 603 Decliners with 245 Unchanged – a very bullish market session.

Today, there were 121 new 52-Week Highs and 40 new 52-Week Lows. By comparison, yesterday, there were 42 new 52-Week Highs and 65 new 52-Week Lows.

The total volume of stocks traded at the NYSE today was 924,564,371 or 6% less when compared to the volume of stocks traded yesterday.

On the NASDAQ, the Advancers outnumbered the Decliners. There were seven Advancers for every five Decliners at the market session today or a more exact ratio of 3.23-to-1.0. In actual numbers, 3,394 Advancers to 1,051 Decliners with 177 Unchanged. Today, the ratio of Decliners to Advancers was an exact reversal of the same ratio yesterday.

There were 85 new 52-Week Highs and 98 new 52-Week Lows today.  By comparison, yesterday there were 61 new 52-Week Highs and 175 new 52-Week Lows.

The total volume of shares traded at the NASDAQ today was 7,340,324,580, or 9% less when compared to the volume of 7,168,119,798 shares traded yesterday.

10 –year Treasury Yield:  The Yields fell today after the release of CPI report. The 10-year Treasury yield dived 10 basis points to 4.69%.

Market Roundup Report:   The major market indexes were up in the stratosphere today. The Dow Jones Index was up 1.65%, S&P 500 was up 1.83% and NASDAQ was up 2.45%. That was super. The market outlook will likely change going forward, but it is still too early to change our call on the market outlook. We must wait for the markets to confirm that the rally which started yesterday is going to persist. The good news today was that the markets rose in response to the inflation report. That is an indication that the Fed’s inflation control is working. Even more significant is the fact that the 10-year yield declined.

NASDAQ is back above the 50- day line but Dow Jones and S&P 500 still have some work to do. It is, as such too early to plunge fully in to the market. Now is the time to prepare and be ready for a rally that will eventually come.  The market today presented a broad scope of options in terms of sectors and breadth. Technology was the top performing sector today. Financials was not too far behind. The small caps did well as Russel 2000 was up 2.2%.  Investors have a wide range of options, given today’s rally but must first wait for the market to confirm that the rally will persist and grow.

.

Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

Blended Growth Stocks Watchlist  

EV, Energy and Resource Stocks Watchlist 

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 reports 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.