July 11, 2016
Categories: Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
The TSX Composite Index last week turned in a disappointing performance. The index started the week on Monday at 14200.05 and on Friday it closed the week at 14259.84. But what was important was the TSX Composite Index failed to fall back but instead trended sideways for the week. TSX Composite Index For The Second Week Of July 2016 Here is the TSX Composite Index outlook for the second week of July 2016 including trade tips and ideas. FullyInformed Members can login directly through this…
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March 13, 2016
Categories: Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
Last week the TSX Composite Index opened at 13,235.25 on Monday March 7. That was a big up day for the TSX Composite Index. The following day, March 8 the index was weak and closed lower at 13,311.05 and the closing candlestick on Tuesday indicated the market was extremely overbought which, considering that the TSX Composite Index had moved higher for 8 days in a row, was to be expected. The outlook remained positive despite the overbought condition and Wednesday was another up day for…
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February 28, 2016
Categories: Investing Strategy Notes, Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
Last week the TSX opened at 12,888.72 and spent the start of the week dropping and the final two days of the week recovering to close at 12,797.79 for a loss on the week of 90.93 points or 0.70%. In other words a fairly flat week for the TSX. However considering that by Wednesday intraday the TSX was down at 12,506.05, the recovery on Thursday and Friday was actually fairly positive for the index. Indeed on Friday the TSX reached 12,915.72 intraday before closing lower…..…
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February 15, 2016
Categories: Investing Strategy Notes, Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
Last week the TSX opened at 12,691.05 and on Thursday it reached the 11,985.68 just below the 12,000 support line. This is three-year support for the TSX and if it breaks the TSX will eventually move quite a bit lower. But on Thursday the TSX closed back above the 12,000 level and on Friday stages a strong rally of 293.87 points to close the week at 12,381.24 down 2.44% for the week….. the rest of TSX The Week Ahead article is for FullyInformed Members. TSX…
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January 10, 2016
Categories: Investing Strategy Notes, Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
It was quite a week for the TSX. The week started with a plunge at the open on Monday and then a rally which saw the TSX struggle to stay above 12900. The goal for the bulls was 13,000 to reclaim some semblance of a rally. The bulls tried for two days but the high was set on Monday at 12,954.89 in the mid-afternoon. By the close of the week, the TSX was down 509 points for a loss of 3.93% on the week. It…
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December 14, 2015
Categories: Investing Strategy Notes, Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
I held off writing the TSX The Week Ahead article until Monday as I wanted to see if the TSX would bounce on Monday or fall lower before reflecting on the upcoming week. With the move lower in the TSX today, it hit a new low for 2015 and is trading at levels investors have not seen since Sept 2013. The TSX Week Ahead for this week, is of importance for investors who follow both US and Canadian markets. While the Canadian market is small…
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November 30, 2015
Categories: Investing Strategy Notes, Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
The Toronto Stock Exchange cannot get any kind of upside action. The index needs more than one day of rising stocks. It needs a few weeks. With the US dollar continuing to dominate the currency markets, the TSX Index is being held hostage as commodities continue to stay under severe pressures. With commodity prices so low, many of Canada’s large mining and energy stocks are floundering. The Canadian economy has been “here” before but that still does not make it pleasant to watch. Here is…
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November 22, 2015
Categories: Investing Strategy Notes, Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
The past week on the Toronto Stock Exchange saw the index basically reverse the prior week’s losses but close still lower than last week. This week despite the rally, the TSX closed at 13,433.49 which was down from the close two weeks ago of 13,556.00. The TSX on Friday tried to take the 13,500 level as it stretched to 13,514.77 but it failed and closed lower at 13,433.49. Problems and More Problems All the problems facing the Toronto Stock Exchange have not gone away. Oil…
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November 15, 2015
Categories: Investing Strategy Notes, Trade Alerts and Ideas, TSX Composite Index - The Week Ahead
The past week on the Toronto Stock Exchange saw the index open Monday at 13,556 and close the week at 13,075. This was a drop of 481 points for a loss of 3.54% on the week. This also leaves the TSX on the verge of breaking through 13000. The TSX Index is in full retreat but unfortunately all the reasons for the decline in the TSX are not in the hands of Canada. They are a result of many factors, from the rise of the…
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June 20, 2015
Categories: Investing Strategy Notes, Stock Market Outlook - The Week Ahead, TSX Composite Index - The Week Ahead
The past week on the Toronto Stock Exchange was significant. Technically the Toronto Stock Exchange has been unable to recover the all-time high of 15,685.13 which was made on September 3 2014. This week the TSX broke its support level set in January 2015 which was tested and held in March 2015. The chart since January 2 2015 below shows the extent of the continuing decline on the Toronto Stock Exchange. While for the past few days I had been hopeful that the TSX was…
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May 17, 2015
Categories: Investing Strategy Notes, TSX Composite Index - The Week Ahead
The biggest supporter right now of the TSX is the declining US dollar. This is something to be aware of. Just as last fall and winter the rapid rise in the US dollar hammered Canadian stocks, the weakness the US dollar has been experiencing is pushing the TSX up. TSX Daily Chart Looking at the past couple of weeks and in particular this past week, it is obvious the market is struggling to hold the 15000 level. A lot of the strength in the TSX…
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December 6, 2014
Categories: Investing Strategy Notes, TSX Composite Index - The Week Ahead
Toronto Stocks have been literally hammered by the rise of the US dollar and the ensuing collapse of oil and many other commodities. It will at some point change but the recent US unemployment numbers on Friday point to further strength in the US dollar while the Canadian unemployment report points to more weakness in the Canadian dollar. Here is the outlook for the second week of December for stocks. In this issue I look at where I think stocks may bottom in the present…
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August 17, 2014
Categories: Investing Strategy Notes, TSX Composite Index - The Week Ahead
For the Toronto Stock Exchange, the pullback of last week is almost forgotten as the Toronto stock exchange barely scratched the surface of the 50 day moving average. Instead the Toronto Stock Exchange remains one of the more bullish global indexes sitting almost 13% higher for the year to date. Analysts are beginning to voice concerns about overvaluation within the stocks of the Toronto Stock Exchange. Here is my outlook for the 4th week of August 2014 and what I am expecting as stocks continue…
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