Investment Advice on the Radio

Markets in North America sold off late in the day yesturday on news of Germany imposing bans on naked shortselling. Investors around the world aren't taking it lightly today either. Risk aversion is dominating investor sentiment so commodities and the Canadian dollar are lower. It appears as though the Euro is a catalyst for TSX performance. The Euro is driving the US dollar so the Canadian dollar and commodities are getting whipsawed. The Canadian dollar is trading just above 95 cents and the TSX is about 11,660. Yesturday I mentioned the TSX bounced off it's 100 day support level, well that changed by the end of the day. The TSX broke through it's 100 day support level to the downside. The next level of support is at about 11,550. Maybe it's time to review your positions and take some profits or buy if appropriate as this volatility appears to be extending itself. For investment management visit yourlifeyourplan.ca.