TSX Market Direction Outlook For Nov 26 2014

The sell-off on Monday did not break the trend for the TSX.  The outlook for Tuesday was for stocks to move higher and they did by 58 points but stocks failed to recover all of Monday’s loss.

Retails sales rose by 0.8 percent in September led once again by auto sales. Auto sales have remained strong for months. The Canadian dollar finally move up by 0.29 of a cent to 88.87 cents US. A prediction by the Organization for Economic Co-Operation and Development forecast the Canada’s inflation rate by Spring 2015 will be up to 2 percent and the Bank of Canada will raise interest rates. They predicted rates would rise in May 2015.

Crude oil was back in the picture on Tuesday as OPEC meets to decide on oil production. Crude sold lower by $1.69 to $74.09 a barrel. My personal outlook is crude will eventually fall to around $65 a barrel but that’s just a prediction which is not based on any technical outlook.

The rest of this TSX market direction outlook article is for Canada Members.

TSX Market Direction Outlook for Nov 26 2014

FullyInformed Canada Members can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Nov 26 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.

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