3000 Points above his call to BUY… the TSE has more to go

Posted by Mark Liebovit and Don Vailoux's TSE charts

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Excerpt from Mark Leibovit’s extensive morning VR Silver Newsletter which includes detailed reports and recommendations on Stocks, Gold, Bonds, Crude Oil, US Dollar, TSE Uranium and TSE Venture – Mark turned bullish after the close March 4th/-09 before this rally HERE for a trial Subscription, a great value.


Rising oil and metal prices lifted Canada’s Energy and Materials sectors to nice gains on Friday, in turn lifting the entire Canadian market to a modest gain. The TSE rose 43.83 or 0.44% to 9993.42. Not only did the TSE outperform the US market on Friday, the Canadian market gained just over 2.4% on the week while the US market rose just 0.5%.

The rally continued yesterday, where Canadian markets were open, though the US market was closed. Strength in Financials led the market higher. The TSE rose 76.08 or 0.76% to 10069.50.

Volume Reversal ™ technical projections theoretically point the TSE to 11,300, but such a rally could come following a correction and not necessarily from current levels. We will know ‘in the fullness of time’.

The TSE hit a recovery high of 10365.39 on May 20, which was highest level since October 14 and up nearly 3000 points from the 7479.96 low on March 6 where I initially flashed a ‘Buy’ signal for equities via TIMER DIGEST. The trend remains up, but a decline in the US market along with a pullback in oil prices would hurt the Canadian market as well.


Charts and commentary from Don Vailoux of Timing the market….

No TSX Composite stocks broke resistance or support Monday.


The TSX Composite Index improved 230.57 points (2.36%) last week. Intermediate trend is neutral. Support is at 7,479.96. MACD, RSI and Stochastics are short term overbought and have rolled over. Strength relative to the S&P 500 Index has returned to positive.


Percent of TSX Composite stocks trading above their 50 day moving average increased last week from 78.60% to 80.00%. However, percent reached an intermediate peak two weeks ago and is showing early signs of rolling over.


Percent of TSX Composite stocks trading above their 200 day moving average rose last week from 39.07% to 42.33%. Percent could be showing early signs of reaching an intermediate peak.


Marks VRTrader Silver Newletter covers Stock, TSE Stocks, Bonds, Gold, Base Metals, Uranium, Oil and the US Dollar.

Mark was named the #1 Gold Timer for the one-year period ending March 25, 2008 by TIMER DIGEST.

More kudos – Mark Leibovit was named the #1 Intermediate Market Timer for the 10 year period ending in 2007; the #1 Intermediate Market Timer for the 3 year period ending in 2007; the #1 Intermediate Market Timer for the 8 year period ending in 2007; and the #8 Intermediate Market Timer for the 5 year period ending in 2007. NO OTHER ANALYST SURVEYED APPEARED IN ALL FOUR CATEGORIES FOR INTERMEDIATE MARKET TIMING AS PUBLISHED IN TIMER DIGEST JANUARY 28, 2008!
For a trial Subscription of The VR Silver Newsletter covering Stocks, Bonds, Gold, US Dollar, Oil CLICK HERE

The VR Gold Letter is available to Platinum subscribers for only an additional $20 per month, while for Silver subscribers the price is only an additional $70.00 per month. Prices are going up very shortl, so act now! Separately, the VR Gold Letter retails for $1500 a year! The VR Gold Letter is published WEEKLY. It is 10 to 16 pages jam-packed with commentary and charts. Please call or email us right away. Tel: 928-282-1275. Email: mark.vrtrader@gmail.com .


Another incredible monday morning analysis of 48 charts including the unusual chart of the Dow in Canadian Dollars. The whole works HERE.

Don Vialoux has 37 years of experience in the Investment Industry. He is a past president of the Canadian Society of Technical Analysts (www.csta.org) and a former technical analyst at RBC Investments.  Now he is the author of a daily letter on equity markets available free on the internet. The reports can be accessed daily right here at www.dvtechtalk.com.

Impossible! That’s what institutional investors say about “Timing the Market”. Mr. Vialoux will explain that, indeed, it can be done with the appropriate analysis. He also will explain why timing the market will be important during the next decade. Buy and Hold strategies are not working anymore; Investors are looking for alternatives. Mr. Vialoux will demonstrate four techniques that can be used to time intermediate stock market swings lasting 5-15 months. The preferred investment vehicles for investing in intermediate stock market swings are Exchange Traded Funds.

Comments in Tech Talk reports are the opinion of Mr. Vialoux. They are based on technical, fundamental and/or seasonal data that is believed to be accurate. The comments are free. Mr. Vialoux receives no remuneration from any source for these services. Comments should not be considered as advice to buy or to sell a security. Investors, who respond to comments in Tech Talk, are financially responsible for their own transactions.