Showing posts with label SPX bear market rally Jacoline Loewen Money Magnet Loewen Partners. Show all posts
Showing posts with label SPX bear market rally Jacoline Loewen Money Magnet Loewen Partners. Show all posts

Canadians watch the US bear market rally

With such a large part of Canada's GDP dependent on the American economy's health, I find private equity investing is being held hostage to he stats south of our border. As of this moment, the USA general market is still only showing a bear market rally.
The benchmark index had three instances of testing the 875-877 resistance area. The index tried again this week and traded as high as 871 on Friday but fell just short of a real test of last week's close. This area appears to be a strong resistance level and Americans need to see more strength in the coming week(s) to rise above this important level and lead the way higher.

Posted by Jacoline Loewen, Loewen & Partners and author of Money Magnet.