TSX Composite Index – Canadian Stock Market Outlook for Apr 19 2016

Apr 18, 2016 | TSX Composite Index - Canadian Stock Market Outlook

The Canadian Stock Market Outlook for Monday was missed as I spent most of the weekend with the software programmers as we get closer to releasing the beta for members to test. A lot was accomplished on the weekend. The intraday outlook from Friday though, pointed to the TSX Composite Index as continuing to advance.

TSX Composite Index Rises 82.62 Points.

The TSX Composite Index Chart for the past 5 trading days shows the valuations investors need to pay attention to. The morning saw the TSX Composite Index pullback to 13548.83 as the initial reaction to the failed oil conference shook investors. The drop in oil prices though was mute by the time markets opened and continued to regain its footing and moved higher throughout the day. Although it still closed lower, the move up in oil prices during the day recover the early norning sell-off and volume quickly shifted to the upside. The drop in the morning was deep enough that many investors could jump into some trades.

The early morning drop was anticipated but when it held well above the 13500 level, stocks quickly regained their footing and moved higher. By the close, the TSX Composite Index had pushed above 13700 to close at 13719.82. Intraday on Monday the TSX set a new high for 2016, reaching 13730.59 intraday.

TSX Composite Index Chart to April 18 2016

…..the rest of the Canadian Stock Market Outlook for Tomorrow is for members.

TSX Composite Index – Canadian Stock Market Outlook for April 19 2016

FullyInformed Members can log in through this link to read the latest Canadian Stock Market Outlook for tomorrow for the TSX Composite Index or they can sign in to the full members site here. Non-members can join here or review the benefits of a membership.

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