Intermediate trend is sideways for the TSX Index
When the major trend is down, and the intermediate trend is sideways; the best trading decision is to raise cash levels, and stay out of the market.
Reference last weeks analysis of the TSX Index: not much has changed.
What are the critical support levels for the TSX Index?
What is a Double Top Reversal Pattern identified in the above chart?
- Is this a Double Top Reversal for the S&P/TSX index? – posted April 14, 2011
- Is this the start of a Double Top Pattern on the weekly chart? – posted April 24, 2011
- What is the downside risk for the TSX Index? – posted May 6, 2011
- Next support level for the TSX is 12,500 – posted June 18, 2011
Relevant articles picked from the Web:
- 10 best stocks for 2012 – Fortune – Dec 12, 2011
- A requiem for European Union in need of intervention – Globe Investor – Dec 12, 2011
- Bleaker reality hits Quebec’s economy – FP – Dec 12, 2011
- Five things Wall Street doesn’t want you to know – FP – Dec 12, 2011
- Mark Cuban invests 1 billion dollars and 17 cents’ in Toronto’s Brotips.com – FP – Dec 13, 2011
- Potash Corp., Crescent Point, Suncor and TD Bank among top picks for 2012 – FP – Dec 13, 2011
- General Electric Co. expects a double-digit increase in 2012 profit – FP – Dec 13, 2011
- High yield expected to remain a sweet spot in 2012 – FP – Dec 14, 2011
- Deutsche Bank’s top oil stock picks – FP – Dec 14, 2011
The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.
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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