The Toronto stock market is starting the week stuck below where it started the year and analysts say the TSX has some tough obstacles to overcome before it can end 2010 with a positive showing.

And with the main index down 79 points or 0.67 per cent year to date, it’s pretty challenging.

In the short term, investors should probably brace for more selling pressure.

“With all the good news known, and the bad news not fully comprehended, (stock) prices probably need to come down,” said John Johnston, chief strategist, The Harbour Group at RBC Dominion Securities.

He noted that “a lot of people are targeting a level of 950 on the S&P 500 index, which I think works out to about 10,000 on the TSX, which puts it at a 22 per cent decline (from highs registered in April).”