No Surprise The S&P/TSX Composite jumped 2.2 per cent for the trading week ending with Friday’s close and now stands 6.4 per cent higher for 2023. The benchmark’s Relative Strength Index (RSI) of 60 puts it in the upper reaches of technically neutral territory, much closer to the overbought sell signal of 70 than the oversold, technically attractive RSI buy signal of 30.
There are two index constituents trading below the 30 buy signal this week – Aritzia Inc. and Telus Corp.