The outlook for the TSX Composite Index for Monday was for weakness to continue.
TSX Composite Index Chart – Intraday Mar 28 2016
The intraday chart for the TSX Composite Index for March 28 shows the day’s action. The morning started with a drop as the price of oil declined further which sent the index lower.
But the move by 10:30 lower to below 13280 was enough to bring in buyers again. Oil climbed back higher and although it was still below $40 at the close it continued to show some strength. That and a move higher in the bank stocks was enough to push the TSX higher into the lunch hour.
By early afternoon the TSX Composite Index had moved above the 13360 level. Another wave of buying after 3:00 PM sent the index up to try to challenge the 13400 level.
TSX Composite Index Closed Up 32.08 Points
By the end of the day the index had turned positive and closed at 13,390.19, up 0.24% on the day.
TSX Composite Index Market Direction Outlook for Mar 29 2016
The rest of the TSX Composite Index looks in-depth at the technical indicators, the advance decline numbers and the outlook for tomorrow. There is also the market direction portfolio update and a look at the medium term trend.
FullyInformed Members can log in through this link to read the latest market direction 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.
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