When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
ZCAN - Bear Market Bounce (aka Short-Covering And Sucker's Rally)
SPDR Solactive Canada ETF
A lot of shorts got covered Monday across most risk assets and yields and this has driven yet another dramatic rebound day. These are expected given the rapid price declines between Feb 19 and March 23.
On March 31st, my partner Cory Venable highlighted 2625 to 2725 as a rebound test for the S&P 500 (pink band below). At 2661 Monday afternoon, we are nicely into the zone.
For Canada’s TSX, resistance is the 13750 to 14250 area (pink band below in Cory’s chart). At 13505 Monday afternoon, further headroom remains. It should be noted