TSX Market Direction Outlook For Oct 30 2015

Oct 29, 2015 | TSX Composite Index - Canadian Stock Market Outlook

For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Friday Oct 30 2015.

Toronto has had a pretty good month but the best part of the rally start at the beginning of the month and then within days turned sideways. The TSX has been unable to recover the 14000 level.

TSX October 2015 Chart

On October 1 the index opened at 13,362.53 and in less than 2 weeks it was at 14,053.19 on Oct 9. This was a gain of 690.66 points for a return of 5.1%. Since then though you can see that the rally has stalled out and the market is drifting sideways. Today (Oct 29) it closed at 13,791.88 down 261.31 points from the Oct 9 high. The market continues to show signs of weakness and is unable to move above the 14000 level.

TSX October 2015 Rally to Oct 29

Yesterday the TSX roared higher and seemed to indicate that stocks were set to finally punch through 14,000 in a more concentrated effort. Today instead, stocks gave back about half of yesterday’s gain……..the rest of this article is for FullyInformed members.

TSX Market Direction Outlook for Oct 30 2015

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