The Canadian Stock Market on Friday was set to move higher as strength returned to the technical indicators for the TSX Composite Index.
TSX Composite Index Rises 34.83 Points
On Friday the Canadian Stock Market opened flat on light volume. By 10:20 the TSX Composite Index had fallen to 14,546.57 which sparked a rally attempt. That rally failed but the pullback was not as deep as the 10:20 morning low and this seemed to draw in investors. By 12:30 the TSX Composite Index was up at 14,584 and looked prepared to try to take out 14600. By 3:25 the TSX had reached 14,605.25 which proved to be the high for the day. Into the close the TSX Composite Index slipped slightly to close at 14,600.66 marking another new 11 month high and placing the index within 22 points of breaking the 52 week high…………..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.
TSX Composite Index – Canadian Stock Market Outlook for July 25 2016
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