Here are the afternoon investing strategy notes for the Toronto Stock Exchange for Apr 2 2015.
The outlook for the TSX for today was for the market to continue in a see-saw type environment with a negative bias. Instead the TSX advanced to reach the important technical 15000 level which has remained a major stumbling block for the index all this year. Despite the drop in oil, energy stocks as a sector moved higher while the big move today was in the Telecom stocks and financials. Toronto is also entering a full trader’s market and many analysts are expressing caution. The latest came from David-Rea vice chairman Douglas Davis who indicated that the TSX was “entering a waffling period here. I’m pretty cautious.” On oil he commented that while oil looked like it was trying to make a bottom “it’s not necessarily going to hold”.
This TSX afternoon investing strategy notes are for FullyInformed Canada Members.
TSX Afternoon Investing Strategy Notes for Apr 2 2015
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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.
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