Canada Stocks Close Lower; All Sectors Down; Geopolitical Tensions Spook Markets

By
A A A

Canada stocks closed lower on Thursday, driven down by geopolitical tensions. All sectors were lower, with Info Tech the biggest loser.

Near mid-day stocks turned lower, as news that Russian troops were massing near the Ukrainian border. The yen began to increase in value reflecting the tone of the geopolitical tensions, while gold prices held up well benefitting from investor trepidation.

Negative momentum continues to increase as the MACD (moving average convergence divergence) index is printing in negative territory after generating a sell signal earlier in the week.


The RSI (relative strength index) is declining with price action, reflecting accelerating negative momentum while printing at 61, which is in the upper end of the neutral range coming off overbought territory on Wedneday.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Top Home Financing Myths
Top Home Financing Myths            

Stocks

Referenced

Most Active by Volume

64,655,493
  • $17.88 ▼ 1.38%
53,363,101
  • $18.51 ▼ 6.98%
42,789,793
  • $94.01 ▼ 1.26%
40,818,762
  • $121.30 ▼ 0.87%
38,086,152
  • $23.28 ▼ 9.17%
36,103,930
  • $14.20 ▼ 0.77%
31,870,696
  • $14.83 ▼ 1.79%
29,019,850
  • $46.70 ▼ 0.38%
As of 7/31/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com