It was good to see gold and silver join in the fun and hopefully we’ll get that correction in the metals market I’ve been expecting. The TSX has gone from being very strong to technically a train-wreck. Given that we’re at the 40 level on the RSI and near the uncompleted bottom trendline, we could bounce a little, but the short term for this index is very bleak. Volume, MACD, and the -DI on the ADX are all confirming the move, and I wouldn’t touch Canadian stocks at this time.
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