The outlook for Friday for the Toronto Stock Exchange was for stocks to rally or bounce after such heavy selling on Thursday, but close either lower or little changed. By the close that is what had happened with the TSX. Stocks bounced a bit but closed up just 3.75 points.
TSX Below 200 Day Moving Average
With the Toronto Stock Exchange closing below the 200 day exponential moving average (EMA) for the second day, stocks look technically weaker. Here is the outlook for Monday for the TSX.
The rest of this TSX market direction outlook and trade ideas is for Canada Members.
TSX Market Direction Outlook for Dec 8 2014
FullyInformed Canada Members can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Dec 8 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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