TSX update

tsx april 18 2012

The anticipated triangle is still possible but not very plausible. Even so the direction may still be the correct one. A lot of noise in the markets very little is clear. India lowered it’s rates, Canada may raise them earlier than expected. GS earnings were good, then again they are a lot lower than they used to be. Mr Carney is going to Threadneedle Street and Spain borrowed another 1/2 trillion from the ECB but yesterday’s 4 bln. new issue went well. Obama is going so stop the bad oil speculators and natural gas keeps making new lows, but is hardly used for transportation this side of the pond.