13 ordspråk av Joe Ismail

Joe Ismail

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The metal cycle is still intact, with commodity prices holding very well.

The sector is meandering sideways.

They have been devastated for quite a while, so if you see bargain hunters stepping in here, it's a little bit positive. The sentiment on the street is still negative (toward lumber issues), but the aggressive accounts will probably nibble here a little bit.

Energy, as usual, it's carrying on forward.

Crude prices remain volatile and that is where the Canadian market will carry on from yesterday's gains.

We will have carry through from yesterday. But after three days of strong gains, I think it will probably slow down a little bit.

We've had a lackluster market in the past several days, so we might see the market at least get a grip on itself and try to muster a little bit of a short term upswing here.

Any corrective phase that will come in the near term could be a shallow one.

As the week progresses, we might see a bit of short-term strength with window-dressing before the end of the quarter.

Gold is not quite ready yet to move in the upward bias.

Since gold prices are stuck in that range, gold-mining stocks are not going to move very much either.

We have a good short-term bounce here, but until we retest the 12,080 mark, we may see a bit of profit-taking coming in again because of the nervousness on the market.

Every time we have about three days of downtrend, you get one or two days of positive moves in the short trend.

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