The TSX Composite Index started the day with a jump to the 15500 level but then gave it all back by 11:00 and was down to 15,450.
It tried heading into the lunch hour to rally back but by 1:45 it was down to 15422 which was nearing the important pivot level of 15400.
From there it is trying to rally back to the 15500 level which has held the rally for sometime but has also been a tough valuation to break through.
These dips are opening up a number of opportunities, particularly as today, even the banking stocks are down.
These trades are done on the TSX Composite Index in Canadian dollars.
The rest of this trade alert and ideas article is for FullyInformed Members.
TSX Trade Alerts and Ideas for Mar 10 2017
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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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