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Get Long the Market!
Doom and gloom may be around the next corner but for now one needs to be long in the market (in Canada at least). Shanghai looking strong, back up above the 200d. Copper up, oil at $80, even TIPs are hanging in there. GMP back above the 200d although Canaccord is lagging now. Of course the world looks great this morning in Canada thanks to the BEST EVER SHOWING FOR GOLD MEDALS IN A WINTER OLYMPICS!! The off the charts GDP reading in Canada sure helped as well.
Next test is the old high, 12,000 on the TSX, 10,700 on the Dow. If we can't break that then get short with all you can. For now, we've got some near term upside for the longs!
Go Canada!
Markets. Business. Life. by LoneRngr (screen name) is licensed under a Creative Commons Attribution 2.5 Canada License. Based on a work at marketsbusinesslife.blogspot.com.
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