The outlook for the Canadian Stock Market on Wednesday Apr 27 2016 was for the index to continue its advance. With oil moving above $45 a barrel on Wednesday the TSX moved higher in a broad advance. 7 of the 10 sectors of the TSX Composite Index moved higher on Wednesday.
TSX Composite Index Rises 78.22 Points
The TSX Composite Index rallied from the open and shortly after 10:00 AM it was up to 13,891.20. The rest of the day the TSX Composite Index moved sideways but kept a bullish pattern with each dip being bought into. The late afternoon rally shot the index above 13,900 to 13,902. A slight drop at the close of the day left the index at 13,887.66 up 0.57% for the day and well within range of 14,000 again.
Canadian National Railway Stock (CNR)
Yesterday I discussed CNR stock which had its worst one day drop in over a year. Today, April 27 the stock bounced higher and closed at $79.04 near the high of the day which was $79.14.
With support at $74 the bounce today was……the rest of the Canadian Stock Market Outlook for Tomorrow is for members.
TSX Composite Index – Canadian Stock Market Outlook for April 28 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.
Internal Stock and Option Trades Links
Put Selling Strategies For Members
Covered Calls Strategies For Members
Profit And Income Strategies Index
Stock and Option Strategies For Members
Stock And Option Trades Explained For Members
Ask A Question About A Trade You Are In