The outlook for Friday for the TSX Composite Index was for the Canadian Stock Market to pop higher at the open but then drift lower and end negative on the day.

Instead the TSX Composite Index jumped higher and reached 13428.81 intraday before closing up 130.29 points to 13,396.73

TSX Composite Index Chart Intraday Apr 8 2016

The TSX Composite Index Intraday chart below shows the morning jump which took the Canadian Stock Market to 13362 within the first minute of trading. From there a strong rally commenced that within 10 minutes had the TSX up to the high of the day almost to 13430, within 70 points of the 13500 resistance level.

The market was unable to hold the high and drifted lower until 2:30 when selling pushed the index back to the opening jump of 13360. The final 20 minutes of the day saw heavier volume and a move back to close just shy of the 13400 level at 13,396.73 for a gain of almost 1%.

Momentum for the day was fairly mixed after the morning high was reached, but the last 20 minutes saw positive momentum which could assist the TSX Composite Index for Monday morning’s open.

TSX Composite Index Chart for Apr 8 2016

TSX Composite Index Chart for Apr 8 2016

TSX Composite Index – Canadian Stock Market Outlook for April 11 2016

FullyInformed Members can log in through this link to read the latest Canadian Stock Market Outlook 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.

Internal Stock and Option Trades Links

Portfolio Listing by Years

My Principal Stocks Index

Trade Ideas for Members

Trade Alerts for Members

Put Selling Strategies

Put Selling Strategies For Members

Covered Calls Strategies

Covered Calls Strategies For Members

Profit And Income Strategies Index

Stock and Option Strategies For Members

Stock And Option Trades Explained For Members

Ask A Question About A Trade You Are In

Sign My Guestbook

Visit My Shop

Join The Free Options Forum