Wednesday Morning Radio Spot

North American stocks are flat in the US and lower by over 1/2% at this point in Canada. Japan’s move to drive down the value of the yen pushed the U.S. dollar higher and manufacturing activity slowed more than expected. Manufacturing has been a bright spot up until now expanding 13 straight months. In Canada, gold continues to shine but a higher US$ is causing a retreat in oil to the $75 range. Commodities are also under pressure over worries on Chinese demand.

In terms of seasonal trading opportunities,natural gas tends to outperform the last 5 months of the year. Since the tail end of hurricaine season is in the autumn and distributors accumulate natural gas for the winter heating season, the price tends to rise during this period. For some great natural gas investment ideas call me at 868-5525 or visit yourlifeyourplan.ca.