Today in the markets
U.S. stocks fell Monday as investors chose a slow news day to take profits following recent gains.
Canadian stocks also came under pressure from weak Japanese data that sent mining and energy stocks lower.
The TSX composite index closed down 52.56 to 11,838.33, while the TSX Venture Exchange bucked the trend, rising 6.37 to 1,197.37.
Among active stocks, TMX Group Inc. (TSX: T.X, Stock Forum) was down 6% to $47, in a move that was attributed to arbitragers divesting their positions in the new Toronto Stock Exchange owner. Canadian Natural Resources Ltd. (TSX: T.CNQ, Stock Forum) eased 3% to $30.15.
Here’s a quick rundown of the top news on Stockhouse for Monday and a look ahead to Tuesday’s trading.
Today on Stockhouse
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Frank Curzio reports on a natural gas play with enormous upside potential.
Clif Droke wonders if fear can refuel the investment demand for gold.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Top Bullboards post:
“It was great to see a keen buyer. But why was there a big seller? Do they know something or did their nerves get the better of them?’’ writes BiglsBest in the Bold Ventures Inc. (TSX: V.BOL, Stock Forum) post.
Top Bullboard: Intertainment Media Inc. (TSX: V.INT, Stock Forum) received the highest number of reads and posts.
Astex Pharmaceuticals Inc. (NASDAQ: ASTX, Stock Forum) has been uptrending for three months, writes Mission IR in the MissionIR small-cap Blog. The stock has been consolidating after its recent highs and holding support. The indicators have reset and look like they could be turning back bullish, which will have the eyes of technical traders looking for a potential run to the first resistance at $2.60.
To view the chart, visit the following link: http://www.missionir.com/videos.html
Word on Wall Street
“Investors are choosing a slow news day to cash out some of their gains from the past several weeks,” said Doug Sandler, chief equity officer at RiverFront Investment Group, during an interview with MarketWatch.