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TSX Market Direction Outlook and Strategy Notes For Dec 2 2015

Dec 1, 2015 | TSX Composite Index - Canadian Stock Market Outlook

For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Wednesday Dec 2 2015.

The rally from Monday bled over into Tuesday and the TSX moved up by 1.2% to 13,636.06.  Financials led the rally with all the bank stocks moving higher on the back of solid profits from Bank of Montreal and Bank of Nova Scotia. As well Valeant Pharmaceuticals International Stock rose for a second straight day up 9.59% to $131.89.

On Wednesday we get revenue numbers from Royal Bank and National Bank. On Thursday we hear from CIBC and TD Bank along with the smaller Canadian Western Bank.

Economic news also helped the TSX today as the Canadian economy grew by 2.3 percent in the third quarter, the first gain in three-quarters. The last impetus to the upside was the decline of the US dollar today which aided the advance of US stocks as well……. the rest of the TSX Market Direction Outlook is for FullyInformed Members.

TSX Market Direction Outlook for Dec 2 2015

FullyInformed Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange or they can sign in to the full members site here. Non-members can join here or review 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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