Canada Continues To Underperform U.S. Equities

Well stocks continue their slide. While U.S. equities are in the red, globally there are some markets that are fairing a little worse than ours. In my TraderPlanet post for this week I compare Canada’s equity market ($EWC) to $SPY.

A piece:

The chart below shows the relationship between iShares Canada ($EWC) and S&P 500 SPDR ($SPY). When the green line is falling it means Canadian equities are falling more or rising less than U.S. stocks. Looking back at the last four months of 2012 we can see some deterioration in strength coming out of Canada.

Read the rest: Canada Continues To Underperform U.S. Equities (TraderPlanet)

Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+, Twitter, and StockTwits.

About Andrew Thrasher, CMT

Andrew Thrasher, CMT is a Portfolio Manager for an asset management firm in Central Indiana. He specializes and writes about technical analysis as well as macro economic developments.