Tuesday saw the TSX Composite Index move higher above 15,000. This is the highest level in 17 months and the highest level for the past 52 weeks. The all-time high for the TSX Composite Index was set back on September 3 2014 when the index reached 15,685.13 intraday.
TSX Composite Index Chart – 3 Years
The 3 year TSX Composite Index Chart below shows the high back in September 2014. From there we can see the bear market the TSX entered in 2014 as it fell back over 30% to reach a low on Jan 20 2016 of 11,531,22.
From that low the TSX Composite Index has now risen 30.9% to reach 15100.38 today, Nov 22 2016.
TSX Composite Index Chart 3 years to Nov 22 2016
TSX Composite Index Rises 60.51 Points
Tuesday saw the index build on the back of Monday’s huge gain. Today’s move higher returned another 0.40% to end the day at 15,100.38. It has been a remarkable year from the lows of January 2016 to today.
Canadian retail business showed a sales increase of 0.6% in September, which is the biggest gain since April. The only sectors today that failed to rise were energy and Telecoms. Financials moved slightly higher again today along with metals and mining which posted some strong gains.
Here is the Canadian Stock Market outlook for Wednesday Nov 23 2016.
The rest of the Canadian Stock Market Outlook for Tomorrow is for members.
TSX Composite Index – Canadian Stock Market Outlook for Nov 23 2016
Members can sign in to the full members site here
Non-members can join here or review the benefits of a membership
Internal Stock and Option Trades Links
Put Selling Strategies For Members
Covered Calls Strategies For Members
Profit And Income Strategies Index
Stock and Option Strategies For Members
Stock And Option Trades Explained For Members
Ask A Question About A Trade You Are In