SYNOPSIS
We keep repeating it, but the major US indexes are still hitting new record levels, while volatility remains incredibly low.
PTP… Our ProfiTrend Portfolio APAR (annualized price appreciation rate) pulled back to 259% from 306% last week. The S&P/TSX Composite Index APAR rose to 38%; but the S&P 500 APAR jumped up to 47% from 18% last time. We sold one stock from the PTP last week.
S&P/TSX Venture Index, which fell a minuscule -0.1%. The Russell 2000 US small cap index leaped +5.6% over the week, after losing -2.4% the week earlier. It maintains it’s spot at the top of the index trend rankings.
PTA Perspective… Did You Know That There’s a Canadian Securities Exchange? Do You Care?
Most people know of the Toronto Stock Exchange (TSX) and the Toronto Venture Exchange (VEN). Both are managed by TMX Group. But how many of you know about the Canadian Securities Exchange (CSE)? This smaller player bills itself as “The Exchange for Entrepreneurs”. It’s constituents are micro-caps… mostly tiny companies that can’t get a listing on the S&P/TSX Venture Exchange, let alone the S&P/TSX Composite. This week we tell you all about it, so that you can decide for yourselves whether you’d consider taking a chance investing in companies that small.