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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (5079)10/23/2014 6:25:39 PM
From: Cush  Respond to of 5144
 
The S&P 500 and Canadian Small Caps. The S&P 500 did rebound as anticipated after yesterday's negative candle had retraced about half of the previous day's positive candle. And that was good for the long positions I entered yesterday afternoon. But I expected better. The Canadian Small Caps were stagnant. Not helped by the drop in the price of gold.

Both charts here. The S&P 500 first. Note how the close was right at a Resistance Line drawn through the middle of a pack of long candles, and back to a high on June 9th.

Tomorrow may give a better indication of whether this little rally is going to be sustained. And whether the Canadian Small Caps are going to rally some from here.

Cush






To: Cush who wrote (5079)10/28/2014 3:25:40 PM
From: Cush  Respond to of 5144
 
S&P 500 Daily - approaching another level of resistance.

So far, so good. The S&P has been rallying and I am hopeful the TSX Small Caps will eventually get some traction, too.

It will interesting to see if the 500 gets through this next level of resistance.



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