After finding key support at the $11.50 support level, the iShares CDN LargeCap Index Fund (XIU) has started a robust rally.  We are now overdue for a profit taking cycle.  The key over the next week is that the bulls need to contain the selling and defend this past weeks rally.  If any sell cycle is contained above the $11.50 lows, then we may be setting up for a potential multi month rally. Watch our Canadian Market Minute for more details.

http://www.optionsource.net/mediaplayercanadian.php

For more information on the XIU options, click on the link below:

http://www.m-x.ca/nego_cotes_en.php?symbol=XIU*&image.x=12&image.y=9

Regards,

Patrick Ceresna