The Canadian Vanguard Stock Market Report – January 3 – 5, 2025 Weekend
.
Your Data-Driven Stock Market Analysis And Report – the investor’s readiness guide for the week of December 30 market sessions.
(Updated regularly throughout the weekend)
.
The Toronto Market, Friday
The TSX composite index advanced 175.51 points or 0.70% to close the market session at 25,073.54. TSX is on the upswing, on a roll. The TSX may be ready to recoup those declines during the first half of last December. The index has gained the last three sessions and six of the last eight sessions.
The Market Breadth: The market today was a rising tide that lifted all boats. The market breadth was broad and deep. All the ten major sectors gained today. Telecommunications Services, up 0.19% on Thursday, was up 1.71% today to lead the sectors. Technology was up 1.25%; Discretionary Consumer Goods & Services was up 1.21%; and Industrials was up 1.00%. Financials was up 0.75%; Utilities was up 0.63%; Energy was up 0.43%; and Basic Materials was up 0.26%.
For the week: The picture was not so pleasant for the week. There was considerable volatility during the week. Only five of the sectors ended the week with gains. Healthcare was up 6.06%; Energy was up 3.41% and Basic Materials was up 2.72% for the week. Telecommunications Services was up 0.52%; and Discretionary Consumer Goods & Services was up 0.18%. Technology was down -0.53% and Financials declined -0.06% for the week.
Industry Groups: Office Equipment was up 7.70%; Retail – Apparel & Accessories was up 6.91%; Medical Equipment, Supplies & Distribution was up 5.62%; Electrical components & Equipment was up 4.09%; and Chemicals – Agricultural was up 3.59%.
Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were seven Advancers for every two Decliners or a more exact ratio of 3.4-to-1.0, quite a change from Thursday. In real numbers, there were 1,425 Advancers to 415 Decliners while 155 stocks remained Unchanged.
Today, there were 96 new 52-Week Highs and 20 new 52-Week Lows. By comparison, there were 59 new 52-Week Highs and 16 new 52-Week Lows yesterday.
Today, the total volume of shares traded at the TSX was 293,941,044, or 15% less when compared to the volume of 344,289,866 shares traded yesterday.
Market Roundup: The Toronto market today, continued to build on the move from yesterday towards a bullish outlook. The volume today was less than the volume yesterday so we need to wait for a few more sessions to confirm a trend change.
.
The US Markets
All the three indexes ended the session in green, reversing the last two day’s market sentiment. The Dow Jones Index climbed 339.86 points or 0.80% to close at 42,732.13. The S&P 500 index advanced 73.92 points or 1.26%, to close at 5,942.47. The Nasdaq Composite vaulted 340.88 points or 1.77%, to close at 19,621.68. The Nasdaq remains the top performer of the three indexes. Both the Dow and the S&P 500 remain below the 50 day line. Nasdaq is above it. There was a trend reversal today. Today, the market was certainly bullish.
The Market Breadth: Friday, eight of the eleven major sectors ended the market session with gains. Discretionary Consumer Goods & Services, up 1.93%, was the top sector. Retail company stocks had a good day at the market. Technology was up 1.59% as Semiconductors, IT Services & Consulting, Software companies gained today. Nvidia was up 4.45%. Industrials was up 1.29%; Financials was up 0.92%; Energy was up 0.79%. Telecommunications Services and Basic Materials were down -0.02% and -0.12% respectively.
For the week: There was considerable volatility this week as a result only four sectors gained during the week. The gains were, however, hefty further reflecting the nature of the market volatility during the week. Telecommunications was up 45.7%; Industrials was up 29.49%; Technology was up 4.85%; and Energy was up 2.59% for the week. Financials declined -1.22%; Durable Consumer Goods & Services was down -1.44%; Basic Materials was down -1.46%; and Discretionary Consumer Goods & Services was down -4.27%.
Industry Groups: Auto & Truck Manufacturers was up 6.31%; Semiconductors was up 3.40%; Engineering & Construction was up 3.08%; Computer Hardware was up 2.90% and Semiconductor Equipment & Testing was up 2.76%.
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 3.0-to-1.0. In actual numbers, there were 3,130 Advancers to 1,032 Decliners with 289 Unchanged.
Today, there were 86 new 52-Week Highs and 89 new 52-Week Lows. By comparison, yesterday, there were 77 new 52-Week Highs and 114 new 52-Week Lows. This is quite a change, between yesterday and today’s data – certainly not bearish.
The total volume of stocks traded at the NYSE today was 863,125,364, or 5% less when compared to the volume of 907,426,461 traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There were five Advancers for every two Decliners during the market session or a more exact ratio of 2.70-to-1.0. In actual numbers, 3,235 Advancers to 1,194 Decliners with 206 Unchanged.
Today, there were 94 new 52-Week Highs and 47 new 52-Week Lows. By comparison, yesterday there were 85 new 52-Week Highs and 64 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 8,533,266,754, or 6% less when compared to the volume of 9,039,728,960 shares traded yesterday.
Oil Price: U.S. crude oil futures jumped 4.8% to $73.96 a barrel last week. Oil price is $73.95 as at the time (Sunday Jan 5, 10:15pm) of this post update.
10 –year Treasury Yield: The 10-year Treasury yield fell two basis points to 4.6% on Friday. The 10-yield had been inching up steadily the last three weeks.
Market Roundup Report: Nasdaq was down for four consecutive sessions as of market close on Thursday. However, the index never went below 50 day line. Nasdaq is above the 50 day line but the other two indexes are below that line. On Thursday, we mentioned that the market was currently not robust enough for adventurous or aggressive trading. The market was all positive today. However, one market session is not enough to confirm a change in trend. It is also relevant to note that Nasdaq had a big gain today but on lower volume compared to previous market session. We currently have a “Caution on New Purchases” market outlook. Given the volatility earlier in the week and other indicators, the cautionary outlook will remain. A change in market sentiment may be around the corner, however, we strongly advise our readers to trade the market not hope.
.
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 posts 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.
