TSX Market Direction Outlook For July 14 2014

The outlook for Friday was for the TSX to remain stuck primarily sideways with a slight bias to the downside. For much of the morning the index traded sideways with a bias to the negative. In the afternoon gold bullion fell $1.80 but copper remained steady. Crude oil however fell $2.10 to close at $100.83. With commodity prices mixed stocks on the TSX went both ways with some commodity stocks falling and others like Barrick Gold Stock rising. Financials too were completely mixed with most moving sideways. Telecommunications stocks were also mixed with BCE stock rising, Telus almost unchanged and Rogers up slightly. All in all, the day ended stuck sideways with a small gain.

With the TSX at an all-time high, many analysts are worried that the index will fall, taking stocks lower. If that were indeed the case, then keeping capital out of the TSX would be the correct action to take. Tonight’s market direction technical analysis looks for the clues as to whether capital should be placed at risk in the TSX or drawn out of the market.

TSX Market Direction Outlook for July 14 2014

FullyInformed Canada Members can can login directly through this link to read the market direction outlook on the Toronto Stock Exchange for July 14 2014 or FullyInformed Canada Members can sign in to the full 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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