TSX Index (S&P/TSX) (12,335)

During the month of October, I was hoping to see a brief short term setback in an otherwise healthy uptrend. Instead, we are nudging up against resistance at the high (12,494) established in July of this year.

I would not be surprised to see the TSX push through to intermediate uptrending channel resistance at the 13,000 area in the near term.

The intermediate term trend remains healthy.