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Tuesday, November 23, 2010

Trade 2 of 187 on my Quest to Invest to a Million

Doing nothing does not equate to inaction when it comes to do-it-yourself (DIY) investing. It's part of the strategy that leads to the goal. It's not glamourous or exciting, but achieving substantial significant results rarely is.

The TSX was down 1.1% today. Metals and mining lead the decline, followed by energy, industrials and financials. Financials were down 1.3%.


SymbolPriceChange% Change
TD.TO73.87-0.60-0.81%TORONTO-DOMINION BANKChart for TORONTO-DOMINION BANK
BMO.TO59.89-0.11-0.18%BANK OF MONTREALChart for BANK OF MONTREAL
BNS.TO53.33-0.87-1.61%BANK OF NOVA SCOTIAChart for BANK OF NOVA SCOTIA
CM.TO77.25-1.41-1.79%CANADIAN IMPERIAL BANK OF COMMEChart for CANADIAN IMPERIAL BANK OF COMME
RY.TO54.00-0.83-1.51%
http://ca.finance.yahoo.com/


Financials 5-day performance:

http://tmx.quotemedia.com/marketsca.php?locale=EN


All the Canadian and US central banks are on a down trend.

The only one that might be ready to bounce is the Bank of America (NYSE: BAC) Check it out at:
http://stockcharts.com/scripts/php/candleglance.php?C,JPM,WFC,BAC,RY,TD,BNS,$DJUSBK

Monday, November 22, 2010

Trade 2 of 187 on my Quest to Invest to a Million

The indispensable first step to getting what you want out of life is this: Decide what you want.

I've decided. I want a million dollars. And a million dollars is what I will get.

All 5 big banks closed in the red today. That's not how I'll make a million, but at least I'm facing the facts:)

SymbolPriceChange% Change
BMO.TO60.00-0.33-0.55%BANK OF MONTREALChart for BANK OF MONTREAL
CM.TO78.66-0.39-0.49%CANADIAN IMPERIAL BANK OF COMMEChart for CANADIAN IMPERIAL BANK OF COMME
RY.TO54.83-0.49-0.89%ROYAL BANK OF CANADAChart for ROYAL BANK OF CANADA
BNS.TO54.20-0.45-0.82%BANK OF NOVA SCOTIAChart for BANK OF NOVA SCOTIA
TD.TO74.47-0.34-0.45%

The main watch tomorrow is BNS.TO as we see how the markets react to the purchase of Dundee Wealth, which will serve as the fourth leg to the 4th largest bank in Canada.