Canada’s TSX 60 index found strong support at 700. Rising 13-week Twiggs Money Flow signals buying pressure. Recovery above 720 would indicate a primary advance to 820*; follow-through above 730 would confirm.
* Target calculation: 720 + ( 720 – 620 ) = 820
Canada’s TSX 60 Index found support at 700, above the rising trendline. Respect of the zero line by 13-week Twiggs Money Flow indicates a primary up-trend. Recovery above 720 would confirm an advance to 790*.
* Target calculation: 720 + ( 720 – 650 ) = 790
Canada’s TSX 60 index found support at 700. 13-Week Twiggs Money Flow, holding above zero, continues to indicate buying pressure. Recovery above 720 would signal a primary advance to 790*.
* Target calculation: 720 + ( 720 – 650 ) = 790
The TSX 60 Index is testing the new support level at 720 on the weekly chart. Failure would indicate a test of 700, while respect would confirm the primary up-trend. Breach of 700 is unlikely but would warn of a correction to primary support at 650. 63-Day Twiggs Momentum above zero continues to favor a primary up-trend.
* Target calculation: 720 + ( 720 – 650 ) = 790
The TSX 60 broke through resistance at 720, signaling a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal. Expect retracement to test the new support level, but target for the advance is 790*.
* Target calculation: 720 + ( 720 – 650 ) = 790
The TSX 60 index is consolidating in a narrow band between 700 and 715. Upward breakout is likely and would signal a primary up-trend. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal. Target for the initial advance is 790.
* Target calculation: 720 + ( 720 – 650 ) = 790
A screen of stocks with low Momentum but high buying pressure, as indicated by 21-day Twiggs Money Flow, reveals a list of 93 potential breakouts (after filtering out stocks with daily Value/Turnover traded of less than $1 million). Husky Energy [HSE], Crew Energy [CR] and Bank of Nova Scotia [BNS] are three that look interesting.
Canada’s TSX 60 index retreated to test support at 700. Failure would warn of trend weakness, while recovery above 715 would confirm the primary up-trend.
* Target calculation: 715 + ( 715 – 645 ) = 785
Canada’s TSX 60 index broke resistance at 715 to signal a primary up-trend. Rising 13-week Twiggs Money Flow indicates buying pressure. Target for the initial advance is 785*.
* Target calculation: 715 + ( 715 – 645 ) = 785
Canada’s TSX 60 index is stronger,with rising 13-week Twiggs Money Flow indicating buying pressure. Breakout above resistance at 715 would complete a higher trough, signaling a primary up-trend. Target for the initial advance would be 770*.
* Target calculation: 710 + ( 710 – 650 ) = 770
Resources markets are recovering, with Canada’s TSX 60 index testing resistance at 715 after breaching the descending trendline. Breakout would complete a higher trough, signaling a primary up-trend. Target for the initial advance would be 800*. Rising 13-week Twiggs Money Flow indicates buying pressure.
* Target calculation: 720 + ( 720 – 640 ) = 800
Brazil’s Bovespa broke through 60000, signaling a primary up-trend with an initial target of 65000*.
* Target calculation: 60 + ( 60 – 55 ) = 65
South Africa’s JSE Overall Index broke clear of 33000, signaling a primary up-trend. Bullish divergence on 13-week Twiggs Money Flow strengthens the signal. Initial target for the advance is 35000*, with a long-term mark of 37000.
* Target calculation: 33 + ( 33 – 31 ) = 35
