Daytrading, Eminis, Forex trading, Swing Trading Market Analysis - 493427

The choppy trading came as some traders were reluctant to make significant moves ahead of the release of the U.S. employment report.

The S P/TSX Composite moved more firmly into positive territory in afternoon trading, benefiting from significant strength in the heavily weighted financial sector. Health care and gold stocks also posted notable gains. Energy stocks may help to lead the S P/TSX Composite higher in early trading, with a notable increase by the price of oil likely to generate some buying interest.

Crude for January delivery is currently up $0.92 at $63.41 a barrel.

The price of gold is also moving higher, which may contribute to continued strength among gold stocks. Gold for February delivery is currently up $3.10 at $640.

10 an ounce after ending the previous session up about $1 an ounce. The market may also benefit from the release of a report from the U.S.

Labor Department that showed that the U.S. economy added more jobs in November than economists had expected.

The job growth was largely due to a continued increase in service sector jobs. In Canadian economic news, a report from Canada Mortgage and Housing Corp. showed that Canadian housing starts rose 0.

8 percent to a seasonally adjusted annual rate of 225,000 units from a 223,200 unit rate in October.