Futures and the DAX are negative, indicating a negative open. The market bias indicators are neutral and the market condition scans have a downward bias. Oil futures are down, indicating a bearish day for the TSX.
Canadian GDP numbers for August were lower than expected actually contracting by 1% which may also contribute to downward pressure on the Canadian exchanges.
As we go into the Halloween weekend, the markets look like they will return to the choppy slip sliding downward price action.
Have a terrifically scary weekend!
| Index | Change | %Change | Level | Phase |
| TSX | +269.89 | +2.50% | 11075.22 | Warning |
| DJIA | +199.89 | +2.05% | 9962.58 | Bullish |
| Nasdaq | +37.94 | +1.84% | 2097.55 | Bullish |
| SP 500 | +23.48 | +2.25% | 1066.11 | Bullish |
| Russell 2000 | +13.86 | +2.45% | 580.22 | Bullish |
| NYSE | +189.62 | +2.80% | 6955.31 | Bullish |
Source: Telechart
Short Term market outlook:
Bias: Scans showing a slightly negative bias
Energy: weak to moderate
Primary Trend: sideways
| Sector | Phase |
| Consumer Staples | Bullish |
| Healthcare | Warning |
| Technology | Bullish |
| Utilities | Warning |
| Energy | Bullish |
| Financials | Warning |
| Industrials | Bullish |
| Materials | Warning |
| Consumer Discretionary | Bullish |
Source: Telechart
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