TSX Market Direction Outlook and Strategy Notes For Dec 7 2015

Dec 6, 2015 | TSX Composite Index - Canadian Stock Market Outlook

For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Monday Dec 7 2015.

Friday, investors were tip toeing into the TSX but are ready to leave at any time. The big US markets roared higher on Friday while in Canada the TSX moved up just 34.10 points to $13,358.77.

The usual problems weighed on the TSX. Oil slipped which pushed the TSX energy sector lower by 2.3. percent. Raw materials producers rose 3 percent but the energy sector pretty well wiped out the raw materials gains.

Canadian Unemployment

On Friday while the US economy added another 211,000 jobs, Canada’s economy shed 35,700 jobs which pushed the unemployment rate up to 7.1 percent. Economists were looking for a decrease of 10,000 jobs so Friday’s number was a shocker for a lot of analysts.

All of this weighed on Toronto but the gains in US stocks helped keep the TSX from falling on Friday and that was as important as the small gain it made……. the rest of the TSX Market Direction Outlook is for FullyInformed Members.

TSX Market Direction Outlook for Dec 7 2015

FullyInformed Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange 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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