The Market Direction Outlook for the Toronto Stock Exchange for Thursday was for stocks to bounce at the start, then sell lower. Mid-morning I was expecting a rally back but then I was expected a slightly higher close.
It was interesting to see how the anticipated Market Direction Outlook for Thursday unfolded. In the morning at the outset stocks bounced and reached the day’s high of 15,454.25. From there stocks plunged 130 points in a matter of half an hour. The selling brought in buyers who pushed the market slowly higher through the lunch hour until around 2:00 PM when the market was positive again. From there I had expected the market to drift sideways and keep a slightly higher close. Instead the market sold lower, at one pointing breaking through 15360, but then turning up but closing negative nonetheless. Still though the TSX closed well off the lows for the day ending down 64.10 points.
For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for Friday Apr 17 2015
TSX Market Direction Outlook for April 17 2015
FullyInformed Canada Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange 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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