The Canadian Stock Market outlook for Friday Jun 17 2016 was for the index to try to rally but end the day lower. Instead by the close the TSX Composite Index managed to hold a gain of 19.36 points for a small increase of 0.14% on the day.

TSX Composite Index Up 19.36 Points

The one minute TSX Composite Index chart below show the action on Friday. The TSX rallied in the morning at the open in an attempt to retake the 14,000 level. It touched 13957 before falling back to the 13900 level.

It held that level into the lunch hour and then rallied again the afternoon. By 3:45 the TSX Composite Index had pushed back above 13940 but then as the bigger US markets were falling, investors lost confidence and they sold the TSX lower. In the last 15 minutes on Friday the TSX Composite Index fell over 40 pints to close at 13901.77. It still though held the 13900 level.

TSX Intraday June 17 2016

TSX Intraday June 17 2016

TSX Composite Index Momentum

For most of the day on Friday momentum was positive. Only in the last 15 minutes did the TSX Composite Index turn negative…………..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.

TSX Composite Index – Canadian Stock Market Outlook for June 20 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.


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