The outlook for the Canadian Stock Market for Tuesday was a bounce attempt that would not be very large. Unfortunately the price of oil fell as the result of OPEC being unable to come to terms on limiting oil output to try to control the price of oil. This left energy stocks lower. They were joined by other commodity stocks including gold stocks as the precious metal fell back following Monday’s first Presidential debate.
TSX Composite Index Falls 61.42 Points
The TSX Composite Index closed down 61.42 points on Tuesday ending the day at 14,558.04. Over the past 3 days of trading the TSX has now lost 238 points. Tuesday’s decline leaves the TSX within easy striking distance of falling below the important 14500 level.
Here is the Canadian Stock Market outlook for Wednesday Sep 28 2016 and an update to the TSX Market Direction Portfolio. I have also included 4 stocks I am considering trades in on Wednesday……………………..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.
TSX Composite Index – Canadian Stock Market Outlook for Sep 28 2016
FullyInformed Members can log in through this link to read the latest Canadian Stock Market Outlook for tomorrow for the TSX Composite Index or they can sign in to the full members site here. Non-members can join here or review the benefits of a membership.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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