Thursday, March 12, 2009

Roger Biduk; Bay Street Higher on Financials and Energy

Roger Biduk;

As in the U.S., Canadian ETFs did great today and over the last five days.
Horizons BetaPro S&P/TSX Capped Fin Bull (HFU-T) +12.63% to $4.19 (+36% in 5 days!). Horizons BetaPro S&P/TSX 60 Bull (HXU-T) +7.91% to $9.69 (+21% in 5 days!). Horizons BetaPro S&P 500 Bull Plus ETF (HSU-T) +7.87% to $4.80 (+19% in 5 days!). Horizons BetaPro NASDAQ-100 Bull Plus ETF (HQU-T) +6.56% to $5.36 (+16% in 5 days). Horizons BetaPro MSCI Emerg Markets Bull+ ETF (HJU-T) +7.55% to $14.95 (+22% in 5 days!). Horizons BetaPro Nymex Crude Oil Bull (HOU-T) + 16.12% to $5.98. Horizons BetaPro S&P/TSX Cap Energy Bull+ ETF (HEU-T) +11.41% to $4.20.

A powerful stock-market buying spree has continued for a third day, yielding triple-digit index gains in Toronto and New York driven by ongoing advances in financial and energy shares.
Toronto's S&P/TSX composite index jumped 271.25 points or 3.4 per cent to 8,282.27 on Thursday, up by 715 points or 9.4 per cent in three sessions.
The TSX Venture Exchange added 19.52 points to 843.42 while the Canadian dollar advanced 0.43 of a cent to 78.18 cents US.

The S&P/TSX Capped Financial Index soared 5.58% and is up almost 21 per cent since Monday's close.
Life & Banc Split Corp. (LBS) +25.48% to $3.94. Crown Hill Fund (MYT.UN) +20.94% to $4.10. Scott's Real Estate Investment (SRQ.UN) +20.77% to $4.07. World Financial Split Corp. (WFS) +18.23% to $2.40. Canadian Life Companies Split (LFE) +18.14% to $2.41.
Plutonic Power Corporation (PCC) -5.53% to $2.05.

Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 11.10% to $47.03 and natural gas jumped 5.19% to $4.00 as the S&P/TSX Energy Index rose 5.02%.
Rumours swirled that Russia, which vies with Saudi Arabia as the world's largest oil producer, will join OPEC in slashing crude production.
Crew Energy Inc. (CR) +14.39% to $3.18. Paramount Energy Trust (PMT.UN) +13.65 to $3.08. Pacific Rubiales Energy Corp. (PRE) +13.49% to $4.88. Galleon Energy Inc. (GO) +13.04% to $2.60. Addax Petroleum Corporation (AXC) +11.70% to $24.35.

The S&P/TSX Global Gold Index jumped 3.61% as the April bullion contract in New York rose $13.30 to US$924.00 an ounce.
Vista Gold Corp. (VGZ) +11.37% to $2.35. Aquiline Resources Inc. (AQI) +8.61% to $2.90. Kirkland Lake Gold Inc. (KGI) +8.19% to $5.68. Markland AGF Precious Metals C (MPM) +6.16% to $6.38. International Minerals Corpora (IMZ) +5.00% to $3.15.

The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.32% as aluminum gained 1.24%, copper was flat and silver rose 1.12% to $12.94.
Teck Cominco Limited (TCK.B) +8.70% to $5.00. Uranium One Inc. (UUU) +8.21% to $2.24. Ivanhoe Mines Ltd. (IVN) +7.84% to $6.19.
Forsys Metals Corp. (FSY) -16.00% to $5.25.

The S&P/TSX Capped Industrial Index rose 2.92%.
Stella-Jones Inc. (SJ) +9.88% to $16.80. GLV Inc. (GLV.A) +9.32% to $6.10. JDS Uniphase Canada Ltd. (JDU) +8.11% to $3.60.

The S&P/TSX Capped Utilities Index lost .22%.
Superior Plus Corp. (SPB) +6.48% to $9.53.

Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 2.92% higher and the S&P/TSX Consumer Staples Index gained 1.43%.
Linamar Corporation (LNR) +11.36% to $2.45. Gildan Activewear Inc. (GIL) +7.59% to $9.21.

The S&P/TSX Capped Health Care Index was higher by 2.46%.
QLT Inc. (QLT) +9.89% to $2.00.

In the service sector:
TransForce Inc. (TFI) +13.76% to $3.39. Empire Company Ltd. (EMP.A) +7.48% to $49.98. Westshore Terminals Income Fun (WTE.UN) +7.01% to $8.55. Guardian Capital Group Ltd. (GCG.A) +6.36% to $3.51. TMX Group Inc. (X) +5.44% to $33.32.
Contrans Income Fund (CSS.UN) -23.81% to $3.20.

The S&P/TSX Capped Information Technology Index gained 1.76% and the S&P/TSX Capped Telecom Services Index was .36% lower.
Miranda Technologies Inc. (MT) +9.17% to $4.88. Celestica Inc. (CLS) +7.80% to $3.87. Aastra Technologies Limited (AAH) +7.01% to $17.25. Torstar Corporation (TS.B) +6.74% to $4.75.

Is your broker or financial advisor giving you or your clients this type of timely, daily information?
I can tell you the answer is most likely …..no!
Give me a call….

I am always looking to form a professional and mutually profitable relationship on a referral basis regarding our respective clients, friends & business associates.

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