Captains Log, Stardate 2202.12 - Toronto Stock Exchange (TSX) continues to show signs of strength

High commodity prices are really helping to fuel the gains the Toronto Stock Exchange (TSX) have been pulling out day after day. The Toronto Stock Exchange (TSX) has managed to hold and continue to trade above its 12,600 resistance level and what was impressive today was that it held onto its closing levels from the previous session and finished off the trading day higher! Not to mention Toronto Stock Exchange (TSX) is trading above its 200 day moving average.

The Dow Jones Industrial Average (DJIA) continues to flirt with its 13,000 level and the S&P 500 (SPX) is currently trading below its key resistance of 1,360. Nasdaq (COMPX) has moved lower away from Nasdaq 3,000 and with all these further downgrades from Moodys and the likes of other rating firms too come that I foresee, the pull back we all been waiting for might just be coming.

(Click on Charts to Enlarge)