Mr lawn mavreick..

I called a green close at 10:15AM this morning in my posting to RONZ..

If I do it every day ..one day it is going to happen..Today is the day..

Here is the latest..

TORONTO - An afternoon rebound led North American markets into triple-digit positive territory as they struggled to hold onto gains amid negative U.S. economic news and wavering commodity prices.

The S&P/TSX composite index moved up 110.67 points to 9,033.24, still well below its level before Wednesday's 500-point drop on the Toronto Stock Exchange.

The Dow Jones industrials in New York rose 249.45 to 8,532. The Nasdaq composite index increased 42.14 to 1,541 while the S&P 500 ticked up 28.03 to 880.

Both Toronto and New York were struggling against a strong tide of dismal U.S. unemployment claims and more weak corporate earnings.

The U.S. Labour Department said the number of newly laid-off people seeking unemployment benefits jumped to a seven-year high, rising by 32,000 to a seasonally adjusted 516,000.

That is the highest total since just after the Sept. 11 terrorist attacks, and above the 484,000 projected by analysts.

The Canadian dollar was at 81.71 cents US, up 0.90 of a cent. Statistics Canada said that Canada's trade surplus declined to $4.5 billion in September from $5.6 billion in August, as exports declined and imports rose.

On the TSX, the gold sector rose 4.9 per cent, as the December bullion contract closed down $13.30 to US$705 an ounce.

Consumer staples were up 1.9 per cent headed by Loblaw Cos. Ltd. (TSX:L) which reported a 32.5 per cent rise in third-quarter net income to $155 million, as sales grew 3.9 per cent. Its shares were up nine per cent, or $2.56, to $29.50.

The energy sector moved ahead three per cent as the price of crude oil for December delivery rose $2.18 to $58.34 a barrel.

On the downside were information technology stocks which dropped 2.3 per cent. Research in Motion (TSX:RIM) lost 2.2 per cent, or $1.25, to $52.35.

Nortel Networks Corp. (TSX:NT) stocks moved up 23 per cent, or 16 cents, to 85 cents.

An RBC Capital markets analyst said that Nortel facing bankruptcy "is a distinct possibility down the road," as he released a report that marked down the company's share-price target to zero.

Traders are digesting slack outlooks from the world's biggest retailer, Wal-Mart Stores Inc., and the biggest maker of personal-computer chips, Intel Corp.

On the positive side for stocks, there are hopes that ongoing gloomy economic and corporate news will extract further interest-rate reductions from the U.S. Federal Reserve and other central banks.

The Organization for Economic Co-operation and Development said that economic activity is likely to fall 0.3 per cent in 2009 among its 30 member democracies with market economies. The OECD predicts the U.S. economy will shrink next year by 0.9 per cent, Japan's by 0.1 per cent and the euro area by 0.5 per cent.

Wal-Mart, seen as an index of consumer spending, reported a 10 per cent rise in third-quarter profit that surpassed analyst expectations, but it downgraded its expectations for full-year earnings. And Intel cut more than US$1 billion from its sales forecast - further evidence that the technology sector faces a deep slump.

Sino-Forest Corp. (TSX:TRE), one of China's largest lumber suppliers, posted an 18.6 per cent rise in net income to US$75.2 million from US$63.4 million. Shares in the company moved down 11 per cent, or 83 cents, to $6.85.

Toy maker Mega Brands Inc. (TSX:MB) reported a third-quarter net loss of US$122.1 million, pulled down by a $150-million writedown of goodwill. Sales fell 12.6 per cent to $160.9 million and its shares were even at $1.45.

And Lundin Mining Corp. (TSX:LUN) is suspending zinc production at two Portuguese mines in response to plunging base-metal prices. Its stock rose four per cent, or six cents, to $1.56.

Pan American Silver Corp. (TSX:PAA) shares were down 48 cents to $11.76 after the company said it's cutting 500 jobs, rolling back executive salaries by 10 per cent and reducing exploration and capital spending. The moves are intended to deal with lower profits and revenues and a drop in prices of silver and zinc, its key metals.

Flight training and simulator firm CAE Inc. (TSX:CAE) said second-quarter profit climbed to $48.7 million from year-earlier $38.9 million, while revenue improved to $406.7 million. Its shares were down five per cent, or 33 cents, to $6.80.