The outlook for the Toronto Stock Exchange for Monday was for weakness to continue but stocks to rally back late in the day and close slightly higher. Instead stocks sold off at the outset with yet another decline in oil and gold prices as the US dollar continued to rally.
TSX Market Direction Intraday for Sept 8 2014
The market first fell to the 15510 level and then staged a short-lived rally shortly after 11:00 AM. Stocks then bumped along the 15510 level and finally around 1:00 PM they fell lower down to 15482.36 before closing back up to the 15510 level.
Often during the day an investor can watch the intraday chart and see daily support levels. Today’s market move in the morning down to 15510 became an obvious choice when by the noon hour stocks were still trending along that valuation.
The rest of this TSX market direction outlook article is for members.
TSX Market Direction Outlook for Sept 9 2014
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