The Market Direction Outlook for the Toronto Stock Exchange for Thursday was for any rally back up, to be suspect. With the 15000 level broken on Wednesday, the chance of an easy recovery on Thursday was not indicated by any of the technical indicators. In then end stocks did try a rally but failed and closed moderately lower by 59.57 to 14,869.80. Oil prices climbed on the back of the escalation of Middle East fighting and while this assisted some of the energy sector, in general the decline on Thursday was broad-based but not deep. With more analysts turning bearish on the TSX many now believe the TSX will reach 14000 by early to mid-summer.
The rest of this TSX Market Direction Outlook article is for FullyInformed Canada members.
For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for March 27 2015.
TSX Market Direction Outlook for March 27 2015
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