Please refer to investopedia.com for clarification on any of the technical words mentioned below. Companies listed in the S&P/TSX Energy, Materials and Financials can be found at tsx.com. U.S. companies listed in Consumer Staples and Health Care can be found at bigcharts.com, Industries.

1) Trend & Volume

• Two trading ranges: late August to late October early November (overlap into next range) and mid-November till present. Hit 13,000 three times since December…is this minor uptrend breakout for real or will it retreat back into the trading range.  January volume is average with a couple of exceptions…is it enough to push the Exchange up and stay above the 13 level?  Price volatility is low indicating a top or consolidation. The S&P/TSX has had a nice run since the first week of January and due for a pullback.
  

2) Support & Resistance

            Support                                              Resistance 
            Minor:  12,500                                      Minor:        
            Major:  11,500                                       Major:

 3) Trend Indicators – they turn after trends reverse: coincident or lagging indicators. Works best when markets are moving but give bad and dangerous signals when the markets are flat.

• Exponential Moving Average (EMA): uptrend
• Moving Average Convergence-Divergence (MACD): uptrend
• Weekly chart: price and MACD are in uptrends.

4) Momentum Indicators – these oscillators help identify turning points: are leading or coincident indicators and often turn ahead of prices; momentum. It catches turning points in flat markets but gives premature and dangerous signals when the markets begin to trend.

• Stochastic: neutral to overbought
• Relative Strength Index: neutral
• Force Index:

• S&P/TSX Advance / Decline Line: uptrend. tse70
• S&P/TSX On Balance Volume: uptrend. tse71
• Per cent of TSX stocks above 50-day moving average: 71% = overbought.
  Source: stockcharts.com: $TSXA50R
• Per cent of TSX stocks above 200-day moving average: 67% = overbought
  Source: stockcharts.com: $TSXA200R
• Bullish Per cent Index: 65% = uptrend/neutral
  Source: stockcharts.com: $bptse

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