TSX Market Direction Outlook For April 8 2015

Apr 7, 2015 | TSX Composite Index - Canadian Stock Market Outlook

The Market Direction Outlook for the Toronto Stock Exchange for Tuesday Apr 7 2015 was for stocks to push higher and possibly pullback a bit from an overbought condition, but still end the day higher. This is exactly what happened as the TSX rose to 15,266.62 before pulling back but still closing up 88.19 points to 15,188.84.

The biggest push came from rising oil prices which help to elevate other commodities although gold pulled back. Financials were big gainers with Royal Bank Of Canada Stock and Bank Of Nova Scotia Stock both up 1 percent and Toronto-Dominion Bank Stock up 0.8 percent.

After a great run-up yesterday for gold stocks a slip today was expected with Barrick Gold Corp falling 1.8 percent and Goldcorp pulling back 1.2 percent.

Meanwhile Encana was up 3.8 percent, Canadian Natural Resources rose 2 percent and my favorite, Suncor Energy stock was up 0.67% by the close although intraday it reached $39.42. The Canadian dollar fell just 0.17 of a cent to close at 79.97 cents US.

For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for Wed April 8 2015.

TSX Market Direction Outlook for April 8 2015

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