For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Tuesday Mar 1 2016.
The outlook for the Toronto Stock Exchange on Monday was for some weakness but a positive close. By the end of the day stocks had put in quite the performance and closed up 62.56 points at 12,860.35.
Toronto Stock Exchange Rises 62.56 Points
Energy, Gold and Financial stocks moved higher on Monday while Valeant Pharmaceuticals International Stock collapsed yet again. Valeant Pharmaceuticals International Stock fell 14 percent on rumors that the SEC has a probe underway in the stock. As well the company cancelled the release of fourth-quarter earnings, withdrew their 2016 financial guidance and announced the return of Michael Pearson from apparently suffering from severe pneumonia. Whatever is happening, these are not the signs of a quality company worthy of risking capital in. The company seems in total disarray and is typical of companies that often implode at some point in time.
TSX Intraday Chart Feb 29 2016
The one minute intraday chart shows quite the day for the TSX. The morning saw a decent rally which pushed the TSX above 12900. When American stocks began to decline around 2:00 PM, Toronto followed and the index collapsed below 12800 and turned negative by 3:00 PM. Buying the in the last hour of the day managed to push the TSX back to positive readings but it was a wild day on the TSX…….the rest of this article is for FullyInformed Members.
TSX Market Direction Outlook for Mar 1 2016
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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