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
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