Take Profits in the Canadian Energy Sector

Posted by Don Vialoux - Timing the Market

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The Canadian energy sector experienced a difficult period of seasonal strength this year. The trade proved to be slightly profitable based on classic technical and seasonal indicators. Struggling economic growth, weakening of fundamentals in the eurozone, and the utter ridiculousness surrounding the BP oil disaster were enough to put significant pressure on this space. The period of seasonal strength has just ended. What should investors do now?

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