August 17, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
On Thursday Aug 17 the TSX Composite Index pulled back 0.32% but saw nothing like the US markets witnessed. Part of the reason of course is that the TSX Composite Index is already down from its all-time high and down quite a bit. Another reason is that the economy at home is not actually all that bad. In fact most of today’s decline was the result of oil prices falling, at least until later in the afternoon when finally investors watching US markets tumble decided…
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August 16, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
On Wed Aug 16 2017 the TSX Composite Index was primarily in the green, trading positively although not in giant strides but it did manage to move above 15125 to reach 15173.38. But oil prices weighed on the index and then banking stocks turned weak and the index fell back through 15125 moving lower to close down slightly by 15.63 points. The day saw the TSX Composite Index end the trading day at 15097.84. Here is the Market Breadth Indicator outlook for Thursday Aug 17…
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August 16, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Tuesday saw gold prices pullback which took down gold stocks. Financials for the most part were steady which assisted the TSX Composite Index in closing with just a small loss on Tuesday. Here is the Market Breadth Indicator outlook for Wed Aug 16 2017 after the close of trading on Tue Aug 15 2017. The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members. TSX Composite Index – Market Breadth Outlook For Aug 16 2017 FullyInformed Members can read this article through…
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August 15, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Monday Aug 14 saw stocks jump as tensions with North Korea eased somewhat. The TSX Composite Index pushed higher but moved back toward the close to end the day up 86.53 points at 15,119.91 still within the 15125 support zone. Here is the Market Breadth Indicator outlook for Tue Aug 15 2017 after the close of trading on Mon Aug 14 2017. The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members. TSX Composite Index – Market Breadth Outlook For Aug 15…
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August 11, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
On Thursday Aug 10 2017, the TSX fell to a one month low forced lower by a decline in oil prices and investors fleeing stocks in the face of further tensions on the North Korea issue. Financial stocks were the biggest drag on the index with Manulife Financial Stock down 4.7 percent to $24.43 (C$) despite excellent earnings and all bank stocks lower with Royal Bank of Canada leading the move down with a loss of 1.5 percent to $91.88. The decline on Thursday was…
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August 10, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Wed Aug 9 2017 saw the TSX give back a bit more ground with a loss of 39.02 points to close at 15,217.33. Financial stocks were weak after just a few days of what looked like promising gains. Gold rose which pulled the precious metals higher but most of the market did not join in. Valeant Pharmaceuticals International Stock (VRX) which had risen on Tuesday by 3%, collapsed 9.5% on Wednesday to close at $17.85 and that weighed on the TSX Composite Index as well.…
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August 8, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Tuesday Aug 8 was the first day back for the TSX Composite Index after the long Civic Holiday weekend. The day opened with the index climbing thanks in large part to the financial sector which posted moderate gains. As well Valeant Pharmaceuticals International Stock (VRX) moved higher, jumping to $21.52 early in the day and then pulling back to close up 3.08% at $19.74. The Great Canadian Gaming stock (GC) rose 18% to $30 on news that Brookfield Business Partners would be acquiring key GC…
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August 4, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
T Thursday Aug 3 saw the TSX Composite Index give back Wednesday’s rally in a pullback that saw all 10 sectors of the index fall. The one bright spot was a jump of 3.4 percent by Canadian Natural Resources on better than expected quarterly results. However overall the energy group was down 1.2 percent. By the end of the day the TSX Composite Index had lost 73.67 points to close at 15,191.96. Here is the Market Breadth Indicator outlook for Fri Aug 4 2017 after…
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August 3, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Wednesday saw the TSX Composite Index reach a 5 week high, which is no small feat considering the amount of selling pressure the Canadian Stock Index has been under. Gains were made in 8 of the 10 sectors of the TSX Composite Index. Banks and energy were among the heavy lifters. By the close of the day, the TSX was up 63 points to close at 15,265.63. Here is the Market Breadth Indicator outlook for Thu Aug 3 2017 after the close of trading…
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August 2, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Tue Aug 1 2017 was a better day for the TSX with 8 of the 10 TSX sectors rising. It was also the second day in a row with a positive close. At the outset though it wasn’t pretty, with the TSX plunging to 15052 on the back of declining oil prices from a two month high. However with better earnings from Air Canada, Shopify, Thomson Reuters and West Jet the index recovered within half an hour and then spent much of the day holding…
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August 2, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Tuesday saw the TSX Composite Index advance by 58 points for a gain 3 times better than Monday’s, despite a drop in oil prices from a two month high. Imperial Oil stock (IMO) hit a new 52 week low on the drop in oil prices, reaching $35.77 at the close. Suncor Energy Stock (SU) fell 31 cents to close at $40.36. Stocks that moved in the opposite direction included Shopify that had a smaller loss than expected and Air Canada which had better revenues than…
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August 1, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Monday saw the TSX Composite Index regain a bit of its feet. The index closed positive on the day. It was not a big move higher, but it was not another day of selling such as we saw most of last week. The gains were just 15.22 points and the index closed at 15,143.87. Here is the Market Breadth Indicator outlook for Tue Aug 1 2017 after the close of trading on Mon Jul 31 2017. The TSX Composite Index Market Breadth Outlook for Tomorrow…
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July 29, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
For investors who like to follow market direction and the reviews, here is the market breadth indicator annual review by month for the TSX Composite Index. A new feature added is a look at the accuracy of the market breadth indicator daily predictions. For the month of July the accuracy rate was 70%. This brings the annual review up to Friday July 28 2017. The TSX Composite Index Annual Market Breadth Outlook Review is for FullyInformed Members. TSX Composite Index – Market Breadth Annual Outlook…
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July 29, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Friday saw a further decline in the TSX Composite Index. In the morning by 10:30 the index was down to 15,089.39. By the lunch hour it had managed to recover some ground and by the close the index pushed and closed above the 15125 support level, once more. It closed at 15,128.65. The problem on Friday was financial stocks which pulled back despite expectations of better returns ahead for shareholders as interest rates rise. Canada’s GDP grew 4.6 percent in May, well ahead of estimates…
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July 26, 2017
Categories: TSX Composite Index - Canadian Stock Market Outlook
Tuesday finally worked out for the TSX Composite Index. Oil prices had a big up day and copper prices hit their highest level in 2 years. Both of these events helped boost the TSX to close up half a percent at 15,202.37. It was one of the better days with increased volume and better market breadth numbers. Here is the Market Breadth Indicator outlook for Wed Jul 26 2017 after the close of trading on Tue Jul 25 2017. The TSX Composite Index Market Breadth…
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