The TSX Composite retreated below 12800, indicating hesitancy on the part of investors. Expect retracement to test support at 12500. Failure of support would signal a bull trap. Long-term buying pressure remains strong, with rising 13-week Twiggs Money Flow; another trough above zero would confirm the primary up-trend. Recovery above 12800 would signal an advance to the 2011 high at 14300*.
* Target calculation: 12800 + ( 12800 – 11300 ) = 14300
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
Dear Sir/Madam
Is it possible to have the 30 day free trial? Downloading has failed me. Would love to view it. I shall ring
With thanks. Lance Westerman
Yes sure. Just ask Customer Support.
Check out tsx today live tsx chart dow jones TSX-Today.com TSX Today http://www.youtube.com/watch?v=41M6xge3tUE
Absolutely fantastic at tsx today stock markets today canadian dollar today tsx today live TSX-Today.com TSX Today http://www.youtube.com/watch?v=UA8x41Htq4
This is amazing: tsx today globe and mail gold price cnn tsx today dollar tsx open today TSX-Today.com TSX Today http://www.youtube.com/watch?v=H5NHB94KSC
Absolutely fantastic at tsx today stock markets today canadian dollar today tsx today live TSX-Today.com TSX Today http://www.youtube.com/watch?v=UA8x41Htq4Q