Ottawa Investment Advisor John Bruce

Technical Analysis Report week ending June 26 2009

June 29, 2009

DJIA

  • Ended the week lower then previous week and closed below 14 day and 21 day moving averages. Price action is turning negative and there is now concern that the 50 day moving average has been broken and that the Relative Strength Index (RSI) is rising. Prices are going sideways, and the trend is still negative. A close above 8540 is needed or new lows could be made.

TSX

  • A choppy ride with a low of 9727 being hit, but managed to reverse and close higher on the week.as the 50 day moving average has become the next level of support . The up trend has gone from negative to positive , short- term trend moving higher. Again it was Energies and Financials that supported the index by week end, and seems to be picking up momentum – Relative Strength Index (RSI) has started to rise but is still in neutral territory , more upside can occur with out over extending itself. The market needs to have more good news to fundamentally support the price action.

*To find out how Technical Analysis can be used in your portfolio, call John Bruce 866-860-4190.

John S. Bruce
Investment Advisor
Mackie Research Capital
Direct Line- 613-425-3732
Toll Free- 866-860-4190

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (“MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

Technical Analysis Report for week of June 19

June 19, 2009

DJIA

  • Ended the week lower then previous week and closed below 14 day and 21 day moving averages. Price action is turning negative and there is now a need to hold the 50 week moving average or face a possible test of previous lows. Long-term trend still negative, short-term trend becomeing negative.

TSX

  • A choppy ride with a more negative tone as the 50 day moving average has become the next level of support . The up trend has gone from neutral to negative, short- term trend moving lower. Decreasing Energies , Financials and Precious Metals are pulling down on the chart , and seems to be picking up momentum – Relative Strength Index (RSI) has started to drop into neutral territory but has not entered over sold (30-) which leaves room for more selling without becoming over sold.

*To find out how Technical Analysis can be used in your portfolio, call John Bruce 866-860-4190.

John S. Bruce
Investment Advisor
Mackie Research Capital
Direct Line- 613-425-3732
Toll Free- 866-860-4190

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (“MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

Technical Analysis Report for week of May 29

June 3, 2009

Technical Analysis Report for week ending May 29 , 2009

DJIA

  • Ended the week higher then previous week and closed above 14 day and 21 day moving averages. Price action is stalling and needs to hold the levels achieved or face a possible test of previous lows. Long-term trend still negative, short-term trend flatting.

TSX

  • Another strong week and maintained it’s close above 200 day moving average and has consolidated above it. Long term trend has gone from negative to neutral, short- term trend moving higher. Increasing Energies , Financials and P recious M etals are helping to strengthen the upward movement , back to levels not seen since the October declines gained momentum. – Relative Strength Index (RSI) has started to rise from neutral territory but has not entered over bought level (70+) which is used by bearish traders as a sell signal .

*To find out how Technical Analysis can be used in your portfolio, call John Bruce 866-860-4190.

John S. Bruce
Investment Advisor
Mackie Research Capital
Direct Line- 613-425-3732
Toll Free- 866-860-4190

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (“MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

Opportunity Strikes: Thoughts on 2009

June 1, 2009

The year of 2008 was no doubt a trying time for anyone paying attention to market fluctuations. Since March 9, 2009, the Canadian market, as measured by the S&P/TSX has increased by approximately 20%. Whether this is the beginning of a bull market or a bear market rally remains to be seen. Regardless of what it is, please remember this: Even though this time is difficult, our plans were built to last through market corrections like this. Moreover, because we have a plan, situations like this are actually an excellent opportunity to build your resources for the future.

Let me explain: When markets are riding high, each dollar you invest buys fewer mutual fund units or company shares, because each unit costs more. When the market falls, it takes unit prices with it – the cumulative effect of this is unfortunate and it’s a shock for some, but markets do in fact recover, given enough time. The shares you are holding today, hopefully, will eventually recover some, if not all, of their value as markets recover.

In the meantime, shares are cheap, making this an excellent opportunity to buy and invest more for your future. Those of you who invest automatically every month are already taking advantage of this opportunity: Dollar cost averaging is a strategy that allows us to acquire more shares while prices are low. If you’d like to increase your contribution to your Group RRSP plan in order to enable you to buy more units, please fill out the attached form and return it to your Group plan administrator.

Whether you’d like to increase your contribution to your Group RRSP plan, take advantage of the new tax-free savings accounts to shelter your future gains or even use some leverage to invest (interest rates are low right now), the conditions today are good.

Of course, all of these options need to be considered within the context of your overall financial plan. Please call my office and set up an appointment if you have any questions or would like to review your current situation.

Best regards,

John S. Bruce
Investment Advisor
Mackie Research Capital
Direct Line- 613-425-3732
Toll Free- 866-860-4190

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (“MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des épargnants.

Mackie Research Capital Corporation (MRCC) makes no representations whatsoever about any other website which you may access through this one. When you access a non-MRCC website please understand that it is independent from MRCC and that MRCC has no control over the content on that website. The content, accuracy, opinions expressed, and other links provided by these resources are not investigated, verified, monitored, or endorsed by MRCC.

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