TSX Index in a lateral trading band
The TSX Index is still trading in a lateral band between 12,300 and 12,600. The Relative Strength Index (RSI) has a negative technical profile. The YTD gain of 3.7% pales in comparison to the 12.0% gain for the S&P500.
Reference the last chart analysis for the TSX Index.
Relevant articles picked from the Web:
- Oil price salvation won’t be found in the Bakken — Globe Investor — April 6, 2012
- Flying the flag may not be best investment strategy for Canadians — Fianacial Post — April 6, 2012
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
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