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TSX Market Direction Outlook and Trade Ideas For Nov 21 2014

Nov 20, 2014 | Stock Market Outlook

The outlook for the Toronto Stock Exchange for Thursday was for stocks to move higher. The slight pullback in the US dollar was enough to get stocks moving higher with resource stocks moving up despite data which showed Europe was possibly slipping into recession and Chinese manufacturing was down to a 5 month low in November.

But all it took today was for the Canadian dollar to rise 0.35 of a cent and that brought in some buyers who are convinced commodity stocks, especially energy may have bottomed.

Tonight’s outlook contains one trade idea for a stock that I have traded on and off for several years on the Toronto Stock Exchange.

The rest of this TSX market direction outlook article is for Canada Members.

TSX Market Direction Outlook for Nov 21 2014

FullyInformed Canada Members can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Nov 21 2014 or members can sign in to the full Canada members site here. Investors can join FullyInformed’s Canada section or read about the benefits of being a member through this link.

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