June 28, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Wednesday was a better day for the TSX Composite Index. While not as strong a rally as was seen south of the border, the TSX moved higher on the strength of the banking sector. Investors are betting on the Bank of Canada raising interest rates soon, which they believe will benefit the banking sector. The banking sector rose almost a full percent. Oil futures rose the most in more than a week on reports that US production had decreased. By the close of the day…
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June 28, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
The TSX Composite Index pulled back on Tuesday June 27 as gold stocks fell back while energy stocks rose. Meanwhile when US stocks started to move lower, investors on the TSX started to take some profits which led to further profit-taking. By the close the TSX Composite Index was down slightly on the day. This article looks at the market breadth indicators from June 27 2017 and views the outlook for Wed Jun 28 2017. The TSX Composite Index Market Breadth Outlook for Tomorrow is…
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June 27, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Once again resource stocks fell on Monday sending the TSX Composite Index lower. Gold stocks as a sector saw the biggest losses with most down over 1% including Barrick Gold Stock (ABX) which closed at $21.65. Gold is now at in order to see lowest level in 6 weeks so perhaps a small bounce might be coming soon. Oil moved higher on Monday but overall analysts are remaining bearish citing the large number of US oil rigs which are now at their highest level in…
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June 26, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
The TSX Composite Index had its best week in over two months. It also ended the week higher with a gain of 127 points, a large point gain for the index. The TSX Composite Index was oversold early in the week but it was the stabilization of the price of oil by week’s end that actually got the TSX Composite Index rising. By the close, the TSX Composite Index ended the week at 15,319.56. This article looks at the market breadth indicators from June 23…
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June 22, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
The TSX Composite Index at one point on Thursday, was up triple digits. However the rally was on the back of a rise in the price of oil and this is just a bounce in oil prices in my opinion. By the close, the TSX Composite Index still managed to hold onto almost a half percent gain, closing up 71 points to end the day at 15,219.90. This article looks at the market breadth indicators from June 22 2017 and views the outlook for Friday…
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June 22, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
With oil prices holding ground this morning, the TSX Composite Index is pushing higher. This morning’s intraday chart analysis updates the outlook for the TSX Composite Index and offers some trade tips for today. Here is the morning intraday TSX Composite Index Chart analysis to 11:50 on Thu Jun 22 2017. It includes the outlook for the midday, afternoon and close. The rest of the Canadian Stock Market Outlook for tomorrow is for FullyInformed Members. TSX Composite Index – Intraday Chart Analysis Morning of Jun…
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June 22, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Wed Jun 21 2017 saw the TSX fall to the Lower Bollinger Band and then rebound to reach 15246 intraday. However sellers arrived as oil fell lower and the index was pushed back down. The loss was contained to just 1.07 points for the TSX Composite Index to close at 15,148.53 but the bigger rally was fully lost for the day. Here is the Canadian Stock Market outlook for Thu Jun 22 2017. The outlook for the next trading day, includes the latest technical review…
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June 21, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Tue Jun 20 2017 saw another decline in the TSX Composite Index. The decline of 116 points was the result of a further decline in the price of oil. Here is the Canadian Stock Market outlook for Wed Jun 21 2017. The outlook for the next trading day, includes the latest technical review of the prior trading day’s action on the TSX Composite Index. It outlines the support levels to be aware of and updates the TSX Market Direction Portfolio. The rest of the Canadian…
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June 20, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
The TSX Composite Index was smacked again with a drop in oil prices which sent the energy sector lower. With investors continuing to bail on energy stocks, the index is seeing much of the market dragged lower in sympathy. Even today, financial stocks were higher at one point only to pullback midway through the day. By the close today the TSX was down 116 points. This wiped out Monday’s gain of 73 points. Between last week and the first two trading days this week, the…
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June 16, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
The outlook for Thursday June 15 2017 was for a further drop down to around the 15125 level for the TSX Composite Index and then a bounce attempt. Instead, early in the day the TSX Composite Index slipped below 15125 to reach 15,077.95 before the expected bounce arrived. Buyers returned and the index pushed back to close down just 9.71 points at 15,160.42. This leaves the TSX Composite Index at its lowest level in over 6 months and wipes out all gains for 2017. Energy…
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June 15, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Wed Jun 14 2017 saw the biggest one day drop since May 17 in the TSX Composite Index. By the close of the day 85% of all volume being traded was to the downside. This article looks at the market breadth indicators from June 14 2017 and views the outlook for Thu Jun 15 2017. The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members. TSX Composite Index Market Breadth Outlook for June 15 2017 FullyInformed Members can read this article through…
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June 12, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Monday June 12 2017, saw the continuation of more selling on the TSX Composite Index. The start was decent with a run up to 15,594.17 but then selling erupted which by 11:30 had wiped out the jumped above the 15,500 level and the morning’s gains. By the close of trading the TSX Composite Index had lost 89.41 points for a drop of 0.58%. The close saw the TSX Composite Index end the day at 15,383.80. Once again the TSX found itself struggling and unable to…
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June 7, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Tuesday saw commodity prices finally rise, including gold which moves to its highest level in 7 months. By the close of trading the TSX Composite Index had added 54.78 points to close at 15,464.56. This article looks at the market breadth indicators from June 6 2017 and views the outlook for Wed Jun 7 2017. The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members. TSX Composite Index Market Breadth Outlook for June 7 2017 FullyInformed Members can read this article through…
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June 5, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Monday saw the TSX spend most of the morning falling as energy prices fell and home sales in Toronto for May plummeted which sent financial stocks lower. The afternoon saw energy stocks struggle back and even financial stocks climbed back. By the end of the day the index was down just 32.97 points, but it was still another negative day for the TSX. The Canadian dollar during the day gained 0.11 cents which helped the TSX Composite Index. This article looks at the market breadth…
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June 5, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Friday June 2 saw stocks slips from the open. The TSX Composite Index by the early morning was down to 15,419.44 and looked set to try to break below 15400. Instead, buyers stepped in and pushed the index back up. By 1:30 the index looked like Ti might try to move still higher when sellers returned and sent the index back down. The close saw mild losses with the TSX Composite Index ending the day at 15,442.75, down 27.16. This article looks at the market…
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