04/19/2009 Canadian Market Report

Like US market, the TSX is overbought both intermediate-term and short-term so I believe it will pullback along with the US market.

1.4.0 S&P/TSX Composite Index (Daily), possible Bearish Rising Wedge is in the forming, overbought and negative divergence on TOAD and TOUD, ChiOsc bellow is a little bit too high.

TSXDaily

1.4.1 S&P/TSX Composite Index (Weekly), STO is way overbought.

TSXWeekly

1.4.4 TSE McClellan Oscillator, negative divergence on TSE McClellan Oscillator, also TSXA50R is way too high which in the past was likely a market top even in a bull market.

TOAD

10 Comments on "04/19/2009 Canadian Market Report"
  1. #
    Comment left on:
    April 19, 2009 at 10:12 pm
    Prince says:
  2. #
    Comment left on:
    April 19, 2009 at 10:15 pm
    Cobra says:
  3. #
    Comment left on:
    April 19, 2009 at 11:10 pm
    Anonymous says:
  4. #
    Comment left on:
    April 19, 2009 at 11:12 pm
    Cobra says:
  5. #
    Comment left on:
    April 19, 2009 at 11:37 pm
    Anonymous says:
  6. #
    Comment left on:
    April 20, 2009 at 2:19 am
    Anonymous says:
  7. #
    Comment left on:
    April 20, 2009 at 9:20 pm
    Me XMan says:
  8. #
    Comment left on:
    April 20, 2009 at 9:21 pm
    Me XMan says:
  9. #
    Comment left on:
    April 21, 2009 at 2:58 am
    Anonymous says:
  10. #
    Comment left on:
    April 21, 2009 at 3:00 am
    Anonymous says:
Comments have been disabled here. This discussion has ended.
© 2013 Cobra's Market View — All Rights Reserved.