The Canadian Press
Globe editors have posted this research report with permission of Phases & Cycles Inc.. 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:
A relatively mild and healthy pullback in early March triggered a resurgence of pessimism, but did not reverse the major trend of the current bull market. There may even be a change for Toronto, where upside surprises could also occur.
At the same time, investors should increasingly focus on individual stocks and avoid the "basket" philosophy due to the increased segmentation of the market. Some stocks are already working on their topping patterns, while others are breaking out to new highs.
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Ron Meisels