TThe Canadian Stock Market on Monday spent the day bumping up against 14,530 until it finally broke through late in the day. It is now well within reach of the 52 week high of 14,630.51.
TSX Composite Index Rises 49.98 Points
By the end of the day the TSX Composite Index had risen to 14,514.52, but it was a choppy day of trading.
TSX Composite Index Chart – Intraday July 18 2016
The market opened in rally mode and quickly pushed beyond 14500. By 10:45 the market was bumping against 14530. Several attempts for almost half an hour were met by sellers. Eventually the rally faltered and the TSX Composite Index pulled back. However the 14500 level did not break despite a number of retests of that level. This lead to another rally attempt which spanned the afternoon and by the close, saw the TSX Composite Index above 14530. The close was 14532.40 a gain of 0.35%.
TSX Composite Index Chart – Momentum
Momentum for the day was almost completed positive. The TSX Composite Index closed within 100 points of the 52 week high of 14,630.51………..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.
TSX Composite Index – Canadian Stock Market Outlook for July 19 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.
Internal Stock and Option Trades Links
Put Selling Strategies For Members
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