Canadian Penny Stocks Blog

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Entries Tagged ‘market outlook’

Canadian Stock Market Outlook

Reviewing the Toronto Stock Exchange 6-month chart from a technical analysis perspective.  The analysis shows that the recent channel upward has been significantly broken by last week’s dramatic fall in prices. Market prices have broken through two lower support levels and are now heading towards a 3rd support level.  Barring anything significant news on Greece, […]

TSX Downtrend In Focus

More downward motion in the stock markets over the past week. There was a lot of good news released during the week but the few misses were enough to scare off investors. I haven’t done any technical analysis on the site here in a while so I thought that with this clear trend downward we […]