The outlook for the Toronto Stock Exchange for Friday was for a move to the downside although the possibility of a bounce off the 50 day simple moving average (SMA) was possible. Indeed on Friday that’s what happened to the TSX.
With the US Markets bouncing back from being oversold just below the 100 day moving average, the Toronto Stock Exchange followed with a bounce off the 50 day simple moving average (SMA).
While much of the move higher was due to the easing of tensions between Russia and Ukraine, many analysts believe the bounce back was also a result of the oversold nature of the market itself and analysts were split on whether the advance was simply a large bounce or the start of another rally. Meanwhile most analysts believe the Ukraine, Russia issue is far from over.
The rest of this article is for members.
TSX Market Direction Outlook for August 11 2014
FullyInformed Canada Members can can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for August 11 2014 or members can sign in to the full Canada members site here. Investors can join FullyInformed’s Canada section or read about the benefits of being a member through this link.
Internal Stock and Option Trades Links
Put Selling Strategies For Members
Covered Calls Strategies For Members
Profit And Income Strategies Index
Stock and Option Strategies For Members
Stock And Option Trades Explained For Members