The Canadian Stock Market outlook for Wednesday was for weakness to creep into the TSX Composite Index. However any dip is expected to be quickly bought into by investors. A positive close was expected.

TSX Composite Index Rises 16.13 Points

The Canadian Stock Market moved slightly higher on Wednesday to close at 14,493.80.

TSX Composite Index Chart

The 5 minute intraday chart shows Wednesday’s action. You can see in the chart the weakness in the morning. The index slipped falling 100 points and reaching 14420. This was the first dip in 4 days of rallying. The dip was bought into as expected and you can see the momentum in the afternoon turned positive. Investors pushed the index back to 14500 and closed the day at 14,493.80.

TSX Composite Index Chart - July 13 2016

TSX Composite Index Chart – July 13 2016

Momentum was strongly negative in the morning but turned positive in the afternoon. By the close of the day momentum was neutral………………..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.

TSX Composite Index – Canadian Stock Market Outlook for July 14 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.


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