The outlook for Toronto was for stocks to try to squeak out another gain on Monday. That obviously did not happen. The decline in oil to the lows of April 2009, stunned a lot of investors who had believed analysts who felt a bottom was in place for oil prices. Investors moved quickly to dump energy shares sending the sector down 6.5 percent. Even my Suncor Stock which had held up well was dumped to a decline of 4.36%. The selling spilled over into all sectors sending the TSX down over 400 points intraday. By the close the Toronto Stock Exchange was down 360.95 points, falling 2.5% marking the biggest one day decline in 20 months.
This TSX market direction outlook is for Canada Members.
TSX Market Direction Outlook for Jan 6 2015
FullyInformed Canada Members can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Jan 6 2015 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.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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
