The main Canadian index showing a nice path for the stock market

TSX:TSX   S&P/TSX Composite Index
The main Canadian index shows a very nice picture telling us to expect sideways action before another upleg materialize to end the advance from the January low. A very nice rally that is running out of steam pretty much like the US market.

A good target is around the 14K             mark. We will keep an eye on it and we think the top is in, we will let you know.

This index has a strong bias towards Financials, Energy and Gold             miners thus even if I think it is a good proxy for the overall direction of all markets, it is an even better indicator for those three sector and especially Energy and miners.

We see this rally and the upcoming pullback as part of a bigger rally. In other word, we are bullish long term until further notice
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out