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Why the TSX has all the right ingredients to begin a major rally

Open this photo in gallery:

A tote board displays TSX numbers in Toronto, on Dec.31, 2012.

The Canadian Press

Olaf Sztaba and Ron Meisels
NA-Marketletter
Special to The Globe and Mail

This article was published more than 5 years ago. Some information in it may no longer be current.

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Globe editors have posted this research report with permission of NA-Marketletter. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:

The S&P/TSX composite has spent the last six months in the waiting room of this bull market. With a strong technical base and heavy weighting in late-cycle leaders, the Toronto index has all the right ingredients to break the bullish monopoly of U.S. indexes.

Its firm grip on the 15,000 level suggests the S&P/TSX has already set its sights on the recent all-time high of 15,685.

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