TSX Trade Ideas and Afternoon Investing Strategy Notes For Sep 9 2014

Here are the afternoon investing strategy notes for the Toronto Stock Exchange for September 9 2014.

In my market direction outlook yesterday I indicated that either the market would react fundamentally or it would react technically. Technically the market is set to fall further but fundamentally it was down to the Middle Bollinger Band which is a 20 day simple moving average (SMA) and after 3 days of selling, a respite should have been in order. Therefore fundamentals are winning out so far today with the TSX bouncing off the Middle Bollinger Band. The bounce though is small and it may give way if the selling picks up in New York. If the SPX for example should fall below 1992 the TSX may give back most of today’s gains. I am not anticipating that.

The rest of this article is for FullyInformed Canada Members.

TSX Trade Ideas and Afternoon Investing Strategy Notes for Sep 9 2014

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