On Friday Feb 2 stocks were in a broad-based decline that, by the end of the day, had all sectors falling. Resource and marijuana shares started the decline which spread through the day until 90% of all stocks were falling. By the close of the day the TSX Composite Index was back at its lowest point in 4 months after a 254.89 point decline for a drop of 1.61%. Only a handful of stocks were saved from the decline.
Here is the Canadian Stock Market outlook for Mon Feb 5 2018, along with a review of the Market Breadth Indicators from Fri Feb 2 2018.
I have also included a number of trade ideas I am watching and included comments on how to trade within the present volatile sell-off.
The outlook for the next trading day includes the latest technical review of the prior trading day’s action on the TSX Composite Index.
It also includes the advance decline numbers for the Canadian Stock Market including new 52 week highs and lows, up and down volumes for the day and the percentage of advancing and declining stocks.
It outlines the support levels to be aware of and discusses key aspects of the TSX Composite Index which when combined with the Market Breadth Indicators for the day, assess what investors should anticipate for the next trading day.
The rest of the Canadian Stock Market Outlook for tomorrow is for FullyInformed Members.
TSX Composite Index – Canadian Stock Market Outlook for Mon Feb 5 2018
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