TSX Market Direction Outlook For May 7 2015

May 6, 2015 | TSX Composite Index - Canadian Stock Market Outlook

The Market Direction Outlook for the Toronto Stock Exchange for May 6 was for stocks to attempt a bounce to start off the day and then more selling to erupt and a lower close. The market did not start the day with a bounce but instead fell rapidly and by 9:50 it had already broken through the 15000 level which was the 100 day moving average. A small rally brought the TSX back to 15000. From there into the mid-afternoon the market drifted sideways until by 2:47 it was down to around the 14960 level again. This brought in traders who pushed stocks higher ending the day down 150.05 points at 15,023.89 as traders held the 15000 level and kept the 100 day moving average intact.

For FullyInformed Canada members, here is the Market Direction Outlook for the Toronto Stock Exchange for Thursday May 7 2015.

TSX Market Direction Outlook for May 7 2015

FullyInformed Canada Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange or members can sign in to the full Canada members site here. Investors can join FullyInformed’s Canada section or read about the benefits of being a member through this link.

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