|Click On Chart To Enlarge|
I am still watching energy, gold, agriculture and natural gas, with natural gas just now starting to show signs of what might be a shorter-term reversal of the long slide lower.
The return I am showing for XIU (iShares TSX 60 ETF ) remains at the same level as July (when it crossed the 200-day moving average) since it continues to be at a price below its 200-day moving average.
Eight month return for TSX @ August 31, 2011 = -4.83 percent
Does anyone think we have seen a bottom, yet?