Toronto Stocks have been literally hammered by the rise of the US dollar and the ensuing collapse of oil and many other commodities. It will at some point change but the recent US unemployment numbers on Friday point to further strength in the US dollar while the Canadian unemployment report points to more weakness in the Canadian dollar.
Here is the outlook for the second week of December for stocks. In this issue I look at where I think stocks may bottom in the present pullback and what signals could advise that this could eventually turn into a bear market for the Toronto Stock Exchange.
The rest of this article looking at the week ahead for the TSX is for FullyInformed Canada members.
TSX – The Week Ahead for 2nd Week Of Dec 2014
FullyInformed Canada Members can can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for the 2nd week of December 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.
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.
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