The past week on the Toronto Stock Exchange saw the index basically reverse the prior week’s losses but close still lower than last week.
This week despite the rally, the TSX closed at 13,433.49 which was down from the close two weeks ago of 13,556.00.
The TSX on Friday tried to take the 13,500 level as it stretched to 13,514.77 but it failed and closed lower at 13,433.49.
Problems and More Problems
All the problems facing the Toronto Stock Exchange have not gone away. Oil continues to slide and looks precarious as it sits around the $40 valuation. A drop down to $35.00 may happen over the next couple of weeks and that will definitely impact the Energy sector, which means the TSX will have trouble climbing higher.
Here is the outlook for the Toronto Stock Exchange for the fourth week of November 2015 along with a review of last week’s market, trades done and a list of new trades I am planning for the 4th week of November…… the rest of The Week Ahead article is for FullyInformed Members.
TSX – The Week Ahead – 4th Week Of Nov 2015
Members can login directly through this link to read the investing strategy notes and trade ideas for the week ahead or they can sign in to the full members site here. Non-members can join here or read about the benefits of a membership.
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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