By Stan Heller, Consultant, VectorVest Canada
Markets on both sides of the border reacted positively to news that Federal Reserve members expressed concern last month that raising interest rates could pour cold water on the US economic recovery. However, the markets pulled back in the last hour. The CA TSX Composite finished the day down 76 points. The US S&P 500 finished flat, down only .08% in a fairly volatile trading session.
For a market review and a look at a few leading stocks, click here for the Canada Colour Guard Video Report: http://www.screencast.com/t/ofdiBnt3M
Today’s video is about 24 minutes as we take a look at the following:
- today’s best performing market indices
- today’s top price gainers and biggest price losers
- today’s Derby results as well as the best performing Buy and Hold strategies over the last 5-days
You can pause, fast forward and rewind by clicking in the slider bar at the bottom of the video.
Losses in oil stocks and the big banks led the way lower today. Gold stocks rose sharply immediately after the Federal Reserve minutes were released with the prospect of continuing low interest rates. Notice in the graph below that support is right at the 4-day moving average.