The Canadian Stock Market on Tuesday traded in a very tight range between a low of 13956.88 and 14049.22.
TSX Composite Index Down 2.82 Points
The TSX Composite Index traded almost exclusively sideways following an early morning rally that started at 9:30 with the index at the low of the day which by 11:30 had risen to 14033.95. The rest of the day most of the trading stayed just above the 14000 level.
By the end of the day the TSX Composite Index slipped to close just above the 14000 level at 14012.32 for a small loss of 2.82 points.
TSX Composite Index Momentum
Once the TSX Composite Index turned reached the morning high, momentum stayed positive until the last 20 minutes of the day.
TSX Composite Index Chart – 2 Day
Looking at the two-day chart below you can see the morning low and then the rally into mid-morning. The morning rally above 14000 did not reach the highs from Monday however.
Most of the day the TSX pushed sideways staying above 14000 but then as momentum turned negative into the close the TSX fell back.
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TSX Composite Index – Canadian Stock Market Outlook for June 22 2016
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