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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.


* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Art Deco Xmas Lady

Art Deco Xmas Lady



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Tuesday, April 10, 2012

Toronto's TSX Index Erases 2012 Gains and Re-enters 2011 Bear Market Territory

Further to my post of April 9th, Toronto's TSX Index closed below major support of 12000 today, as shown on the Daily chart below. All of 2012 gains (and some of 2011) have been erased after prices peaked in February. Price is, once again, back down at bear market levels seen immediately after S&P's downgraded the U.S. credit rating in August of 2011.

Furthermore, as shown on the graph below, the TSX has lost 16.26% from its March 2011 highs...also interesting to note is that Copper has lost 18.64% during this time, as well, and is well below that post-August 2011 credit rating downgrade level...note today's 3-year high volume spike on the Daily chart of Copper below...ones to watch.