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Before the Bell: Bears unable to mount counterattack Add to ...

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The Before the Bell report is compiled by editors of The Globe and Mail and is updated throughout the morning to reflect latest developments. Colin Cieszynski, Chartered Financial Analyst and Chartered Market Technician, is chief market strategist with CMC Markets.

Wednesday’s positive momentum has continued overnight and into this morning’s trading, although the pace of gains has slowed somewhat. Mixed news overnight appears to have dampened bullish spirits a bit but not crushed them. Meanwhile, bears remain unable to use negative news to mount a counterattack, a sign of exhaustion on their side. 

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