Futures and the DAX are positive this morning suggesting an up open. The market condition scans are showing a slightly positive bias, but the market bias indicators are neutral. The Canadian market closed slightly down on Friday along with the Nasdaq. In general, the markets tend to be positive prior to the Christmas holiday, and may sell off in January. Gold is up today along with silver but oil is down. Natural gas is up due to the severe winter weather hitting parts of Canada.
The Royal Bank sees Canadian GDP rising 2.6% next year.
Index
| Change
| % Change
| Level
| Phase
|
TSX
| -40.64 | -0.35% | 11423.93 | Bullish
|
DOW
| +65.67
| +0.63%
| 10471.50
| Bullish
|
SP500
| +4.06
| +0.37%
| 1106.41
| Bullish
|
Nasdaq
| -0.55 | -0.03% | 2190.31 | Bullish
|
Russell 2000
| +4.99 | +0.84% | 600.37 | Bullish
|
NYSE
| +20.62 | +0.29% | 7125.12 | Bullish |
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