The Bottom Line: TSX Composite Trend Remains Down

Posted by Don Vialoux: Timing the Market

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Other than selected sectors (Utilities, Consumer Staples, Consumer Discretionary, Health Care), U.S. equities and most equity markets outside of the U.S. have passed an intermediate peak. Taking profits in seasonal trades expiring near mid-April makes sense.

The TSX Composite Index added 5.74 points (0.05%) last week. Trend remains down. The Index remains below its 20 and 50 day moving averages. Strength relative to the S&P 500 Index remains negative. Technical score based on the above data remains 0.0. Short term momentum indicators are oversold.

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