The $TSX has recently started to outperform the $SPX.
THe Purple area is the SPURS. Relative Strength to the $SPX. It is pushing up. However, the $TSX is stuck in this channel. A breakout to the topside would mark a commodities breakout. A break down is very important. I think it goes lower on Energy weakness. But the chart holds the facts. Follow the chart.
Greg Schnell, CMT