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TSX Market Direction Outlook For July 11 2014

Jul 10, 2014 | Stock Market Outlook

The outlook today for the TSX was for the index to continue to move sideways with a bias to move higher. This did not happen and stocks opened lower by more than 100 points. The decline today was just 0.66% but all 10 sectors declined. Surprisingly declining issues made up just 54% of the volume while advancing issues was still at 33%. There were 55 new highs and 17 new lows so while the overall market direction was lower, the number of new highs continues to point to strength in the market place.

Gold meanwhile moved higher, climbing 1.1 percent to a 3 month high of $1339.20.

TSX Market Direction Outlook for July 11 2014

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