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Sunday, December 5, 2010

The TSX closed up another 0.12% to end the week Friday at 13179. The sectors leading the rise were metals &; mining, and healthcare. Holding it back were telecom and financials.

The finance sector was down 0.83% to endhttp://tmx.quotemedia.com/marketsca.php?locale=EN the week at 181.

RY.TO took a huge hit today (too bad I'm holding it in another portfolio of mine right now, cause I'd buy it tomorrow if I wasn't:) offset by a huge gain in BNS. Probably due to the fact that BNS posted a record year for profits  in 2010.http://www.tradingmarkets.com/news/press-release/bns_bns_scotiabank-reports-record-year-with-2010-net-income-of-4-2-billion-1345693.html


SymbolPriceChange% Change
TD.TO72.23-1.06-1.45%TORONTO-DOMINION BANKChart for TORONTO-DOMINION BANK
BNS.TO55.63+1.66+3.08%BANK OF NOVA SCOTIAChart for BANK OF NOVA SCOTIA
BMO.TO59.89-0.95-1.56%BANK OF MONTREALChart for BANK OF MONTREAL
CM.TO78.50-0.81-1.02%CANADIAN IMPERIAL BANK OF COMMEChart for CANADIAN IMPERIAL BANK OF COMME
RY.TO53.25-2.47-4.43%ROYAL BANK OF CANADAChart for ROYAL BANK OF CANADA
NA.TO69.37+0.02+0.03%
http://ca.finance.yahoo.com/


The best buys by far for tomorrow are RY.TO and TD.TO. They're low risk just given their magnitude. The losses in the latter part of the week were overshadowed by the media and focus on financial reports. The charts show that they're reaching support levels, suggesting a bounce in the days ahead.
http://stockcharts.com/scripts/php/candleglance.php?bns.to,%20bmo.to,%20ry.to,%20cm.to,%20na.to,%20td.to

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