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TMX Group Inc. signage is displayed on a screen in the broadcast center of the Toronto Stock Exchange (TSX) in Toronto, Ontario, Canada, on Monday, Oct. 31, 2011. A takeover of Toronto Stock Exchange owner TMX Group Inc. by a group of Canadian banks and pension funds is "significantly" more likely to succeed after TMX's board endorsed the C$3.73 billion ($3.73 billion) offer, analysts said. Photographer: Norm Betts/Bloomberg
TMX Group Inc. signage is displayed on a screen in the broadcast center of the Toronto Stock Exchange (TSX) in Toronto, Ontario, Canada, on Monday, Oct. 31, 2011. A takeover of Toronto Stock Exchange owner TMX Group Inc. by a group of Canadian banks and pension funds is "significantly" more likely to succeed after TMX's board endorsed the C$3.73 billion ($3.73 billion) offer, analysts said. Photographer: Norm Betts/Bloomberg
(Norm Betts/Bloomberg)

The TSX’s most overbought and oversold stocks

The S&P/TSX composite index climbed 0.6 per cent Thursday to Thursday despite some horrendous beatings for oil patch stocks. The Relative Strength index, my favoured short-term technical indicator, sees the domestic equity market in reasonably safe territory at 60 but the benchmark is creeping up on the 70 sell signal again.