TSX Composite Index Market Breadth Outlook

On Monday the TSX Composite Index start to the day seemed promising. But investor concerns south of the border over the ability of the President to push through his healthcare bill to replace Obamacare, resulted in many investors worrying that any tax reforms would not come about. In short it was a day when investors lost confidence in the ability of the Trump administration to get their key platforms of tax reform, banking deregulation and repatriation of overseas profits into reality. Considering that it is estimated that US companies are hold over $2 trillion dollars overseas, it was not all that surprising that the rally that has been stuck sideways for months, finally gave up and drop.

That drop led to selling on the TSX Composite Index and by the close the Canadian Stock Market was down 129.19 points to close at 15,313.13.

Let’s take a look at the market breadth indicators from March 21 2017 and view the outlook for Wednesday Mar 22 2017.

The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members.

TSX Composite Index Market Breadth Outlook for Mar 22 2017



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