The Market Direction Outlook for the Toronto Stock Exchange for Thursday was for weakness but I was still anticipating a positive close, even if only slightly. Instead the market drifted lower for much of the day. Most sectors pulled back in what was a broad push lower. While technically not much damage was done, it was disappointing to see another day or no follow through from Wednesday’s rally. Instead once again, investors took profits and repositioned themselves. This is very much a trader’s market.
The decline in oil continued on Thursday as oil is now down 14% in just the past 8 trading sessions. The US dollar also rose sending out dollar down almost a full cent to 78.58 cents by Thursday’s close.
The USA SPX Market Direction Outlook was expanded this evening. I have included the expanded US article BELOW the TSX Market Direction Outlook.
The rest of this TSX Market Direction Outlook article is for FullyInformed Canada members.
For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for March 20 2015.
TSX Market Direction Outlook for March 20 2015
FullyInformed Canada Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange 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