TSX Market Direction Outlook For Oct 27 2014

The technical outlook for Friday for the Toronto Stock Exchange was for stocks to attempt to retake the 200 day moving average. While the recovery has been excellent for US Stocks, Canadian stocks have seen a less even recovery. Much of this has been caused by the rapid rise of the US dollar which has literally punished resource stocks, energy stocks in particular.

Instead the TSX continued to stumble around on Friday and closed below the 200 day moving average for yet a 4th day. On Oct 22 the TSX hit an intraday high of 14584.33 and has been unable to break through that level. Even on Friday, the TSX managed to reach 14,569.42 before closing down at 14,543.82. Overall while there has been a recovery, the TSX is definitely having trouble breaking into a full recovery mode and that is adding to technical pressure.

Here is the market direction for the TSX for October 27 2014. The rest of this TSX market direction outlook article is for members.

TSX Market Direction Outlook for Oct 27 2014

FullyInformed Canada Members can login directly through this link to read the market direction outlook for the Toronto Stock Exchange for Oct 27 2014 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.

Internal Stock and Option Trades Links

Portfolio Listing by Years

My Principal Stocks Index

Trade Ideas for Members

Trade Alerts for Members

Put Selling Strategies

Put Selling Strategies For Members

Covered Calls Strategies

Covered Calls Strategies For Members

Profit And Income Strategies Index

Stock and Option Strategies For Members

Stock And Option Trades Explained For Members

Ask A Question About A Trade You Are In

Sign My Guestbook

Visit My Shop

Join The Free Options Forum