The outlook today had been for stocks to rally or bounce. Instead they sold off down to 14001 and then rallied back up. I had not expected the TSX would fall back to 14000 again today after reaching it yesterday.
Part of the problem was the decline in European stocks and Chinese stocks which set a downtrend before the markets opened. Then when New York opened lower, the TSX followed their lead. However oil seemed to stabilize and that was enough to get stocks back up in Toronto.
The rest of this TSX market direction outlook and trade ideas is for Canada Members.
TSX Market Direction Outlook for Dec 10 2014
FullyInformed Canada Members can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Dec 10 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.
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