Thursday morning radio Advice

North American markets are solidly in the green so far this morning. European markets are flat and Asian markets finished up over 1%. Key reports driving markets today are US weekly jobless claims, which declined from last week and the index of pending home resales, which rose for July. Investors are waiting on reports on productivity and factory orders out today. Tomorrow, key monthly jobs numbers are out in the US.

In the CC&L outlook, institutional investor confidence has been only mildly positive while retail investors are highly skeptical. This lack of conviction by a wide spectrum of investors is dampening market returns causing the market to trade in a range. Investor sentiment has as much to do with the recovery in markets as economic data. Technical indicators can be important in identifying when momentum shifts in the market. For more on using technical analysis call me at 868-5525 or visit yourlifeyourplan.ca.