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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