The Canadian Vanguard Stock Market Report – December 20 – 22, 2024 Weekend
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Your Data-Driven Stock Market Analysis And Report – the investor’s readiness guide for the week of December 23 market sessions.
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The Toronto Market, Friday
The TSX composite today brought to an end nine days of consecutive declines. The index advanced 185.54 points or 0.76% to close the market session at 24,599.48. The indexes closed well below the day’s highs but were up significantly after the down draft of Thursday.
Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were roughly three Advancers for every Decliner or a more exact ratio of 3.25-to-1.0. In real numbers, there were 1,472 Advancers to 453 Decliners while 129 stocks remained Unchanged.
The total volume of shares traded at the TSX on Friday was 734,980,853, or 84% more when compared to the volume of 398,449,018 shares traded yesterday.
Friday, there were 35 new 52-Week Highs and 48 new 52-Week Lows. By comparison, there were 30 new 52-Week Highs and 82 new 52-Week Lows yesterday.
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The US Markets
The bulls came back to the market Friday very much alive, put up more effort and were much more successful than on Thursday. All the indexes ended the day with gains. The Dow Jones Index gained 498.02 points or 1.18% to close at 42,840.26. The S&P 500 index roared and was up by 63.77 points or 1.09%, to close at 5,930.85. The Nasdaq Composite advanced 193.83 points or 1.03%, to close at 19,572.60. The NASDAQ index made a good reversal today, we might be looking at the early stage of a Santa Claus rally. We shall keep our readers fully informed.
Today’s Market Statistics: At the NYSE, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were three Advancers for every Decliners or a precise a ratio of 2.83-to-1.0. In actual numbers, there were 3,120 Advancers to 1,100 Decliners with 291 Unchanged.
Friday, there were 49 new 52-Week Highs and 238 new 52-Week Lows. By comparison, yesterday, there were 44 new 52-Week Highs and 351 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 3,920,999,381, or 337% more when compared to the volume of 896,341,378 traded on Friday. The volume is correct. Friday was a triple witching day hence the big volume increase. It is best to disregard the volume size on triple witching Fridays for analysis of stock performance analysis and market support. Volume on triple witching Fridays will always be large, exaggerated and meaningless for stock demand and support analysis.
On the NASDAQ, the Advancers outnumbered the Decliners. For every two Advancers there was a Decliner or a precise ratio of 2.14-to-1.0. In actual numbers, 3,015 Advancers to 1,406 Decliners with 231 Unchanged. The market reversed today and Friday was definitely a bullish session. Today the market reversed and the session was bullish.
Friday, there were 79 new 52-Week Highs but 264 new 52-Week Lows. By comparison, on Thursday there were 52 new 52-Week Highs but 346 new 52-Week Lows.
Today’s Market Statistics: At the NYSE, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were three Advancers for every Decliners or a precise a ratio of 2.83-to-1.0. In actual numbers, there were 3,120 Advancers to 1,100 Decliners with 291 Unchanged.
Friday, there were 49 new 52-Week Highs and 238 new 52-Week Lows. By comparison, yesterday, there were 44 new 52-Week Highs and 351 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 3,920,999,381, or 337% more when compared to the volume of 896,341,378 traded on Friday. The volume is correct. Friday was a triple witching day hence the big volume increase. It is best to disregard the volume only on triple witching Fridays only when it comes to volume analysis of stock performance analysis.
On the NASDAQ, the Advancers outnumbered the Decliners. For every two Advancers there was a Decliner or a precise ratio of 2.14-to-1.0. In actual numbers, 3,015 Advancers to 1,406 Decliners with 231 Unchanged. The market reversed today and Friday was definitely a bullish session. Today was worse than lopsidedly bearish.
Friday, there were 79 new 52-Week Highs but 264 new 52-Week Lows. By comparison, on Thursday there were 52 new 52-Week Highs but 346 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 11,681,261,251, or 10% more when compared to the volume of 10,531,049,520 shares traded yesterday.
