For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Friday Nov 13 2015.
For a seventh straight day the Toronto Stock Exchange moved lower on Thursday. This is now the longest string of steady drops in the TSX since before the summer pullback started August 7 and is the lowest point in 2 months.
I had thought sellers would be tiring by now but today they proved me wrong as they pushed the TSX down 214 points leaving it within 127 points of falling to 13000.
All sectors moved lower but financials, energy and health care led the decline. The TSX Index has truly been awful this year for buy and hold investors. Many have seen their portfolios decimated by the decline in mining and energy stocks as well as the collapse of Valeant Pharmaceuticals International Stock which fell again today, down 6.2 percent.
Included in tonight’s market direction outlook are 4 trade ideas for Friday. While the market has been tough on many investors, my portfolio is doing well as I tend to not trade in many commodity related stocks but stay with stronger stocks that have the type of chart pattern I prefer to trade against …….the rest of this article is for FullyInformed members.
TSX Market Direction Outlook for Nov 13 2015
FullyInformed Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange or they can sign in to the full members site here. Non-members can join here or review the benefits of a membership.
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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