TSX Composite Index – Canadian Stock Market Outlook and 2 Trade Ideas For Oct 12 2016

The Canadian Stock Market outlook for Tuesday Oct 11 2016, was mixed with oil stocks moving higher and much of the rest of the market moving lower. The bigger US markets fell in a one-day sell-off that was the worst since September 9. Toronto though seemed oblivious to the sell-off and closed down just 16.66 points.

TSX Composite Index Falls 16.66 Points

This was the third day of all losses by the close of the day although intraday the TSX Composite Index experienced larger intraday drops. Over the past 7 trading days the TSX Composite Index has had only 1 positive day.

Today the index closed at 14,549.60 still above the important 14,500 technical support level.

Here is the Canadian Stock Market outlook for Wednesday Oct 12 2016 and an update to the TSX Market Direction Portfolio along with 2 trade ideas for Wednesday……………………..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.

TSX Composite Index – Canadian Stock Market Outlook for Oct 12 2016

FullyInformed Members can log in through this link to read the latest Canadian Stock Market Outlook for tomorrow for the TSX Composite Index or they can sign in to the full members site here. Non-members can join here or review the benefits of a membership.

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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