The Canadian Stock Market Outlook for Thursday June 30 was for the market to dip but still close higher.
The TSX Composite Index did dip in the morning, falling below 14000 but then rallying back to close up 27.80 points.
Friday the TSX Composite Index was closed for the Canada Day National holiday.
TSX Composite Index Rises 27.80 Points
Thursday was the final day before the long Canada Day holiday weekend. The TSX had rallied both Tuesday and Wednesday after hitting a low on Monday of 13609.58 intraday.
TSX Composite Index Chart
On Thursday the index fell at the open, breaking easily below 14000 and falling to 13,967.61. This though, sparked a rally from buyers and by 11:00 AM the TSX Composite Index was above 14060. From there the index continued to climbed until mid-afternoon it was above 14100. Two attempts to push higher failed as there was not enough volume ahead of the long weekend break. The TSX Composite Index the fell back and closed at 14064.54 up 27.80 points on the day.
TSX Composite Index Chart for June 30 2016
Momentum was maxed with the heaviest negative and positive momentum early in the morning. By the noon hour with volume falling, the market trended sideways. The strongest move was into the close when investors sold share in the final half hour pressuring momentum to turn negative…………….the rest of the Canadian Stock Market Outlook for Tomorrow is for members.
TSX Composite Index – Canadian Stock Market Outlook for July 4 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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