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RRG and Bullish Percent Indexes for TSE
In The StockCharts Outlook Webinar - 2017-05-13, Julius introduces an interesting discussion on using $BPSPX as the benchmark for looking at sector rotation precursors using sector bullish percent indexes ($BPDISC, $BPSTAP........).
In Canada we have the $BPTSE to use as the Bullish Percent Index for the TSE. Can that be useful as a benchmark for looking at possible rotation for Canadian sectors? As there do not appear to be bullish percent indexes available for TSE sectors, is there any meaningful information to be had if one were to use Canadian sector ETF's (such as XMA.TO for example) in the RRG with $BPTSE as the benchmark? Or would there be any meaningful comparisons to result from using $BPTSE as the benchmark and the available S&P bullish percent indexes (such as $BPMATE) instead?