Wednesday Feb 8 2017, saw the TSX move higher by 55.24 points following 6 days of trying to regain the 15500 level.
TSX Composite Index Rises 55.24 Points
The morning started off poorly as oil prices had pulled back which originally sent the energy sector lower.
But as the day wore on oil prices recovered and the energy sector recovered and moved up 0.2 percent by the close. While not all energy stocks joined in the recovery back, it was enough to push gold stocks and miners higher as high metal prices pushed the sector 0.9 percent higher.
Bombardier Stock rose 2 percent to $2.60 after the Federal government announced a $372.5 million dollar loan which caused Brazil to open a formal trade complaint.
By the end of the day the TSX Composite Index rose 0.36 percent to close at 15,554.04.
Here is the Canadian Stock Market outlook for Thursday Feb 9 2017. The outlook includes the latest update to the TSX Market Direction Portfolio and Market Breadth Outlook.
The rest of the Canadian Stock Market Outlook for tomorrow is for FullyInformed Members.
TSX Composite Index – Canadian Stock Market Outlook for Feb 9 2017
Members can sign in to the full members site here
Non-members can join here or review the benefits of a membership
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