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TSX Market Direction Outlook For July 28 2014

Jul 27, 2014 | Stock Market Outlook

My outlook for stocks on Friday was for the overbought condition of the Toronto Stock Exchange to push stocks to a lower close. Meanwhile the technical indicators pointed to the TSX moving higher and continuing the rally. The technical indicators were right and my outlook was wrong.

The morning saw the market direction push higher until by 12:30 the TSX was at 15503.40. Gold and Financial sectors pushed stocks up. This was a rise of 108.95 points pushing the TSX into another new all-time high. The afternoon though saw investors pullback a bit ahead of this week’s earnings. The TSX ended higher but dropped 47.46 points from the high. Still the close was another new closing high at $15,455.94.

TSX Market Direction July 25 2014

TSX market direction intraday July 25 2014

The rest of this article is for members only.

TSX Market Direction Outlook for July 28 2014

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