Australia and Canada Also Weak
08/27/2010 10:17 am EST
Two of the economies that are thought to have come out of the financial crisis better than most are Australia and Canada. Both are heavily dependent on commodity prices and even though some commodity markets are strong, both of these stock markets are under pressure like the US market. Australia looks weaker as it is well below the February lows, while Canada is holding above these lows. A move above the August highs is needed to turn the charts positive.
Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.