TSX Composite Index Chart – Intraday – The Midday – Gold, Oil, Banks, Dollar – May 4 2016

For FullyInformed members, here is the TSX Composite Index Midday Intraday Chart Analysis for May 4 2016 at 1:00 PM

The pullback in the TSX Composite Index continues at midday. The Canadian dollar is declining, many commodities including gold are declining, Canadian banking stocks are taking a whack and oil has turned weak. All of these are weighing on the TSX Composite Index chart this morning.

The economic news that Canada saw its largest recorded trade deficit in March weighed on the dollar and investors in general. Obviously Canada has a struggle ahead to keep the economy moving forward. The next unemployment report may show weakness spreading in other parts of the country.


The rest of this TSX Composite Index analysis includes a number of trade ideas and information on the latest change to the TSX Market Direction Portfolio……the rest of this TSX Midday analysis is for FullyInformed Members

TSX Composite Index – Midday for May 4 2016

FullyInformed Members can login directly through this link to read the latest midday intraday chart analysis for the TSX Composite Index or members can sign in to the full members site here. Investors can join FullyInformed or read about the benefits of being a member through this link.

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.

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