Sunday, November 16, 2008

Canadian Banks - Update for 11.16.2008

BANK OF NOVA SCOTIA - BNS

Monthly chart continues to show weakness, with price well below its key moving averages. No buy signal/pattern evident on this timeframe. Look for lower still.

TORONTO DOMINION BANK OF CANADA - TD

Monthly chart continues to show weakness with price well below all key moving averages on this timeframe. No buy signal/pattern evident on this timeframe. Look for lower still.

BANK OF MONTREAL - BMO

Monthly chart continues to show weakness with price below all key moving averages. No buy signal/pattern evident on this timeframe. Look for lower still.

ROYAL BANK OF CANADA - RY

Monthly chart continues to show weakness and price remains below all key moving averages. No buy signal/pattern evident on this timeframe. Look for lower still.

CIBC (Canadian Imperial Bank of Commerce) - CM
Monthly chart continues to show weakness, with price well below all key moving averages on this timeframe. No buy signal/pattern evident on this timeframe. Look for lower to come.

No comments: