Toronto-Dominion Bank TDOPF

Is it a good sign?

[BSdetector2016]

The market boat anchor today is Shopify, otherwise it's a pretty good day. My gut feeling is that the Shorts are waiting for the other shoe to drop (massive fine news, whatever) to collect their gains. Right now their strategy is not working as the stock has been making higher lows.

[flamingogold]

I currently have no direct position here, although I do own a few ETFs and split funds that hold the banks. I would agree with your analysis except for the comment that the stock is printing higher lows. Actually, the opposite is true. Since the last 2 years, the chart shows lower highs and lower lows, not by much but definitely lower. This would explain the attraction and increase of shorts

[BSdetector2016]

I wasn't specific enough; I meant since the big drop, so on a daily basis since then. Normally you see a "sell first, ask questions later" reaction, followed by buying, then a down-trend resumption. In other words a dead-cat bounce. We haven't seen that with TD yet.