TSX Market Direction Outlook For Mar 3 2015

The TSX continues to have difficulty with holding rallies. Today though, the afternoon give back in the TSX did not send the TSX index back to the early morning lows. Instead the afternoon dip in the TSX sent it just to the 15240 level which was the opening for the TSX. Overall the problem is one of cautious investors who are selling for small gains at any opportunity as they remain uncommitted to longer term holding of trades. This is continuing to keep the TSX choppy.

TSX Intraday Chart for Mar 2 2015

You can see all the action for today in the chart below. The opening took the TSX immediately to 15240 on the index. From there a rally commenced which sent the TSX to 15280. Two attempts to break that level failed and by 1:00 PM stocks entered the usual early afternoon sell-off. Today though stocks fell just to the morning open at 15240 and then in the last half hour of trading pushed higher closing just below the low. The problem though was this is a small move of just 29.71 points in the index or 0.20%. The market would have to sustain these types of rallies for a full five days to get up almost 1%.

TSX Intraday chart to Mar 2 2015

TSX Intraday chart to Mar 2 2015

The rest of this TSX Market Direction Outlook article is for FullyInformed Canada members.  … read more.

For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for Tuesday Mar 3 2015.

TSX Market Direction Outlook for Mar 3 2015

FullyInformed Canada Members can login through this link to read the market direction outlook for the Toronto Stock Exchange for March 3 2015 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.


Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.

Internal Stock and Option Trades Links

Portfolio Listing by Years

My Principal Stocks Index

Trade Ideas for Members

Trade Alerts for Members

Put Selling Strategies

Put Selling Strategies For Members

Covered Calls Strategies

Covered Calls Strategies For Members

Profit And Income Strategies Index

Stock and Option Strategies For Members

Stock And Option Trades Explained For Members

Ask A Question About A Trade You Are In

Sign My Guestbook

Visit My Shop

Join The Free Options Forum