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Wednesday, 18 May 2011

Futures Firming Up, Commodities Higher, Pointing to Higher Open


US Futures were up 3/10 of 1%, while the Commodities complex was up just over 1%. This is great news for Canadian stocks as I am sure they will get a nice pop at the open from stronger oil and metal prices. Yesterday I put to sleep the price drop in Canadian stocks, and gladly bought the dip the entire way down. I still have plenty of cash on the sidelines just in case a nuclear explosion or earthquake, or both should occur and send stocks stumbling in a freefall once again.

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