The outlook for Tuesday was for the index to try to climb higher despite weakness developing. Stocks on Monday had tried to break through the 100 day EMA but failed.
The two biggest stories were crude oil which rose 51 cents to $54.12 a barrel ahead of tomorrow’s US inventory numbers and gold which broke through $1200 again, to close at $1200.40. Oil though is down 50% from its 2014 high and gold looks to be set to finish off the year where it started. The Canadian dollar moved ahead buy 0.16 of a cent to 86.15 cents US. Energy stocks lagged as did Financials but Gold and base metals rose.
Here is my outlook heading into the final day of 2014. This TSX market direction outlook is for Canada Members.
TSX Market Direction Outlook for Dec 31 2014
FullyInformed Canada Members can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Dec 31 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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