tag:blogger.com,1999:blog-5311226784054647521.post3242326206915947600..comments2023-10-07T05:30:20.042-04:00Comments on Market Chat With Getting Technical: Rob Carrick Loves Active ETFsGettingtechnical.comhttp://www.blogger.com/profile/10433679012281173538noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5311226784054647521.post-25416999095998877172010-03-30T19:20:45.720-04:002010-03-30T19:20:45.720-04:00Hello Student
Yes you are correct - the average b...Hello Student<br /><br />Yes you are correct - the average bull is at least 30 months now we could argue the origin of the current bull was somewhere between Nov'08 and Mar'09. This bull is different because it is a rare Rebound Bull such as we had in 2003. The Rebound Bull will follow a Granddaddy Bear and is normally short and of great magnitude without any corrections - the following bear is also short and shallow with the next bull taking us to new highs - Bill CarriganGettingtechnical.comhttps://www.blogger.com/profile/10433679012281173538noreply@blogger.comtag:blogger.com,1999:blog-5311226784054647521.post-29846600593243922412010-03-30T14:41:38.352-04:002010-03-30T14:41:38.352-04:00Hi Bill, can you please clarify on your comments ...Hi Bill, can you please clarify on your comments to Joe that we are in the late stages of a bull market? I thought the average bull market runs 30 - 48 months (we are just 12 months into this one) and looking at the long term MA's (65 week) on the indices they are sloping up and price is well above. In addition, a high percentage of stocks are trading above their 200 day moving averages and out-pacing decliners.Trading Studenthttps://www.blogger.com/profile/11941896247466942338noreply@blogger.comtag:blogger.com,1999:blog-5311226784054647521.post-4127696601367597082010-03-30T08:58:30.452-04:002010-03-30T08:58:30.452-04:00Joe – that is a very good question because when yo...Joe – that is a very good question because when you look at 10-years of trading history the owners of the publicly traded fund managers (the shareholders) have done better than the customers (the fund or unit buyers) and so I did take a look at Jovian Capital (JOV on the TSX) and see a neutral to poor technical picture.<br /><br />Firstly is peer group – the other wealth managers and the banks have had a big run and are beginning to display some decay on a relative basis. In fact there are only three issuers in the sector displaying any sector out perform – Onex, Intact Financial and IGM Financial. Yesterday’s collapse of Sprott Inc is not a good omen. The other problem for JOV is the poor trading liquidity and the fact they are in a risky leveraged business and finally we are at the late stages of a bull market and the next bear will – one again, crush the sector. <br /><br />Bill CarriganGettingtechnical.comhttps://www.blogger.com/profile/10433679012281173538noreply@blogger.comtag:blogger.com,1999:blog-5311226784054647521.post-9066647160159340662010-03-28T12:42:55.259-04:002010-03-28T12:42:55.259-04:00Thank you for another good article filled with poi...Thank you for another good article filled with points worth remembering. <br /><br />Don't know whether it continues to be true, but there was a time when it was better to own shares of the Fund companies than the funds they sold. I believe that the Horizon Funds are a division of Jovian (JOV on the TSX). After a significant share consolidation last year, they seem to have bottomed and are breaking out. Any thoughts on this strategy and whether it is time for JOV to 'soar'?joe manyhatzhttps://www.blogger.com/profile/16825160663113953332noreply@blogger.com