TSX Composite Index – Market Breadth Outlook For Oct 11 2017

TSX Composite Index Market Breadth Outlook

On Tue Oct 10 2017 it was the financial sector which lead the TSX Composite Index higher. The financial sector closed at a record high on Tuesday. The index is now at its highest level since April 25 having climbed 5 percent in just over a month.

As well, data on Tuesday showed that Canada’s housing market has not slowed as dips in housing starts was lower than analysts had expected. Bank stocks should continue to do well.

The TSX Composite Index ended the day up 42.04 to close at 15,770.36.

TSX Composite Index Up 0.27%

The higher close of the TSX on Tuesday was probably also impacted by the holiday Monday and investors returning from the long weekend. Historically investors have pushed stocks higher after the Thanksgiving weekend.

Here is the Market Breadth Indicator outlook for Wed Oct 11 2017 after the close of trading on Tue Oct 10 2017.

Tonight’s Market Breadth Indicator outlook includes a few trade ideas for the TSX Composite Index.

The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members.

TSX Composite Index – Market Breadth Outlook For Oct 11 2017

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