The Canadian Market is Overdue for Some Selling
- Posted by Patrick Ceresna on March 27, 2009 filed in Options Market
The iShares CDN LargeCap Index Fund (XIU) is now running on a 12-day rally right into some formidable overhead resistance. Even though we cannot rule out one more push higher, we are overdue for a healthy profit taking cycle back down to the 12.50-13.00 support. 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

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