TSX: May Be Looking for a Longer-Term Sell-off in Feb/March
The TSX has broken out of its range clearly, in early 2020 where the TSX has risen quite comfortably and has been one of the better performing indices thus far in 2020, around the world.
The TSX will likely fall at some point in the near future to roughly 17400, however, the reaction of whether it follows its current longitudinal channel and thus bounces off that level or sinks back to a secondary channel is possible and yet to be seen.
It appears Gold and Silver are close to breaking out and this will be at the expense of markets around the world falling likely due to the coronavirus that continues to ravage China's growth.
This is not the time to be buying large lots of equities on any index unless a correction happens and/or the virus is contained.
For those who still want to invest, Enbridge, TRP and Constellation Software and some of the more lower beta stocks when volatility hits.
- zSplit
The TSX will likely fall at some point in the near future to roughly 17400, however, the reaction of whether it follows its current longitudinal channel and thus bounces off that level or sinks back to a secondary channel is possible and yet to be seen.
It appears Gold and Silver are close to breaking out and this will be at the expense of markets around the world falling likely due to the coronavirus that continues to ravage China's growth.
This is not the time to be buying large lots of equities on any index unless a correction happens and/or the virus is contained.
For those who still want to invest, Enbridge, TRP and Constellation Software and some of the more lower beta stocks when volatility hits.
- zSplit
