For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Friday Oct 23 2015.
Despite further selling in Valeant Pharmaceuticals International Stock all 10 sectors of the TSX were higher today.
TSX 3 Month Daily Chart
Looking at the 3 month daily chart of the Toronto Stock Exchange we can see that despite Thursday’s rally, the TSX is actually moving sideways. It is not rising but it is also not dropping. It continues to cling to hope of retaking 14000 on the TSX. Meanwhile the big rally which had generated strong positive momentum is now stalled and is facing a loss of momentum.
With momentum reading 100.07 it is on the verge of turning negative. This had been the strongest positive momentum in many months and the loss of that upside momentum is disappointing.
But there are also signals that should be ………the rest of this article is for FullyInformed members.
TSX Market Direction Outlook for Oct 23 2015
FullyInformed Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange or they can sign in to the full members site here. Non-members can join here or review the benefits of a membership.
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