Roger Biduk; Seven in a Row for Bay Street

Roger Biduk;

Toronto's S&P/TSX composite index closed 69.5 points higher to 8,629.1, up for a seventh session in a row and rising 15 per cent during that time.
The TSX Venture Exchange was ahead 12.59 points to 865.71.
The CDN$ also turned positive, up 1.43 cents to 80.24 cents US as the American currency weakened following the Fed announcement. It surged as high as 80.45 cents US.

As I’ve been saying for the last two weeks, the bear market rally’s here and is being led by the financials.
ETF’s in the financial sector in Canada & the U.S. have gone through the roof.
If you’re unfortunately just sitting in mutual funds or are with an advisor that doesn’t (or can’t) trade your account up to several times a day you probably haven’t noticed much, especially if you’re not in the right industry sector.
It’s been an incredible, volatile market and a great trading market to make money. In many cases I’ve been trading the same stock or ETF several times a day in the same client accounts and the profits have been incredible.
It should be the same as the market soon becomes overbought and profit-taking comes in to drive the market lower. That’s the time to buy leveraged ETFs that soar as the markets tank.
The Toronto rally has been especially beneficial for the financial sector (as you know the only sector I’ve been recommending but others are starting to also look good), which has soared 29.4 per cent over the last seven sessions.

The S&P/TSX Capped Financial Index gained 1.23%.
Global Uranium Fund Inc. (GUR) +22.29% to $2.14. Homburg Invest Inc. (HII.B) +21.50% to $7.29. Global 45 Split Corp. (GFV) +15.20% to $2.88. Copernican World Banks Split I (CBW.PR.A) +14.34% to $2.95. US Financial 15 Split Corp. (FTU.PR.A) +13.67% to $3.41.
EnerVest Energy&Oil Sands Tota (EOS.UN) -9.77% to $3.51. Kingsway Financial Services In (KFS) -9.42% to $2.50. Alaris Royalty Corp. (AD) -9.09% to $4.50. Dividend Growth Split Corp. (DGS.PR.A) -8.98% to $8.01. Connor, Clark & Lunn Global Fi (GFT.UN) -7.09% to $3.93.

Roger Biduk;
The April crude contract on the New York Mercantile Exchange lost 2.07% to $48.14 and natural gas sank 3.17% to $3.81 as the S&P/TSX Energy Index dropped 2.05%.
West Energy Ltd. (WTL) +10.70% to $2.38. North American Energy Partners (NOA) +10.53% to $3.15. Pacific Rubiales Energy Corp. (PRE) +7.65% to $5.49. Crew Energy Inc. (CR) +6.92% to $3.71. Addax Petroleum Corporation (AXC) +6.43% to $27.64.
Verenex Energy Inc. (VNX) -9.87% to $8.40. Calfrac Well Services Ltd. (CFW) -6.41% to $6.57. Suncor Energy Inc. (SU) -6.17% to $31.20.
Libya's National Oil Company says it will buy Canada's Verenex Energy Inc., (TSX:VNX), matching a US$394-million dollar bid by a subsidiary of the China National Petroleum Corp, although the Calgary company says it hasn't been able to confirm the report. Verenex has operations in Libya's Area-47, a region estimated to hold roughly 2.15 billion barrels in crude oil reserves. Its shares dropped 92 cents to C$8.40.

The S&P/TSX Global Gold Index soared 8.91% even though the April bullion contract in New York tanked $27.70 to US$889.10 an ounce.
Allied Nevada Gold Corp. (ANV) +16.00% to $6.09. US Gold Corporation (UXG) +15.96% to $2.47. Vista Gold Corp. (VGZ) +14.85% to $2.32. Kinross Gold Corporation (K.WT.B) +12.32% to $3.10. Minefinders Corporation Ltd. (MFL.WT) +11.76% to $4.750.
Silver Wheaton Corp. (SLW) +11.29% to $8.97. Red Back Mining Inc. (RBI) +9.95% to $7.18. Pan American Silver Corp. (PAA) +8.21% to $19.63. Forsys Metals Corp. (FSY) +6.89% to $3.26.
Quadra Mining Ltd. (QUA) -5.43% to $4.70.
Allied Nevada Gold Corp. (TSX:ANV), which is working to get the Hycroft project into commercial production, says its annual net loss increased last year to US$79.6 million, up from $11.3 million in 2007. The company reported no revenues for last year or the prior year and its shares rose 84 cents at $6.09.

Roger Biduk;
The S&P/TSX Capped Utilities Index gained .58%.

The S&P/TSX Consumer Discretionary Index was 1.75% higher and the S&P/TSX Consumer Staples Index gained 1.07%.
ZCL Composites Inc. (ZCL) +11.99% to $4.95. Gildan Activewear Inc. (GIL) +5.85% to $9.95.
Linamar Corporation (LNR) -8.70% to $2.10.

In Canadian economic news, wholesale sales declined 4.2 per cent to $41.1 billion in January. Statistics Canada said the drop was due largely to lower activity in the automotive products sector.

S&P/TSX Capped Diversified Metals & Mining Index was lower by .13% as aluminum gained .80%, copper dropped .44% and silver was 5.80% lower to $11.94.
Shares in Timminco Ltd. (TSX:TIM) slipped nine cents to $2.26 after it said Tuesday it will temporarily cut jobs and reduced production of silicon due to difficult market conditions and reduced demand.

S&P/TSX Capped Industrial Index rose .63%.

The S&P/TSX Capped Health Care Index was lower by 2.79%.

In the service sector:
Altus Group Income Fund (AIF.UN) +14.16% to $6.45. Mullen Group Income Fund (MTL.UN) +8.31% to $10.82. Transcontinental Inc. (TCL.A) +6.38% to $6.50. Empire Company Ltd. (EMP.A) +5.34% to $53.09. MacDonald, Dettwiler and Assoc (MDA) +5.05% to $23.32.
The S&P/TSX Capped Information Technology Index gained 1.29% and the S&P/TSX Capped Telecom Services Index lost .29%.

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