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Canadian Technical Charts Potpourri
May 01 2017 ( From TradingView)
May 01 2017 ( From TradingView)
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Canadian Stocks (XIU ETF) still into the Trumpification of Financial Markets
(pro-growth and reflation theme within a protectionism bias) but the NAFTA
turnaround and the Home Capital Group story bring Volatility to the Canadian
Market.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Bulls need to stay over Previous
Weekly Double Top Breakout Trendline at 22.78. Broke seven weeks ago the
Weekly Support of an Uptrend Channel (See first chart below, Yellow trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) broke last week the
Major Weekly Support Trendline from February 2016. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke two weeks
ago the Weekly Support Trendline. (See third chart below - Left - Blue)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below - Channel) Bulls need to protect
the Weekly Support Trendline at all costs (yellow)
5) Canadian Dollar/ US$ (USDCAD) weakest level since February 2016 on the Home Capital Group story. Still into a Weekly Megaphone Technical Pattern. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke six weeks ago the Previous Weekly Break Out Technical Pattern from February 2 2015 week!... (See sixth chart below - Grey Trendline) Broke last week the steep Weekly Uptrend Channel; bulls need to break the 52 weeks moving average (green line).
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is spiking and getting above the resistance zone. (See seventh chart below - Grey Trendline). Canadian stocks are getting more Volatile than US stocks on the Home Capital Group Story.
8) Natural Gas Futures (NG2-NYMEX) is unable to get back above the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. (See eight chart below - Blue trendline).
9) Light Crude Oil Futures (CL2-NYMEX) still into the Old Weekly Rising Wedge Pattern
(See ninth chart below - Grey Trendline - Ellipse) and tested again last week the Support Trendline.
The XIU ETF is under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Home Capital Group Story...
(pro-growth and reflation theme within a protectionism bias) but the NAFTA
turnaround and the Home Capital Group story bring Volatility to the Canadian
Market.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Bulls need to stay over Previous
Weekly Double Top Breakout Trendline at 22.78. Broke seven weeks ago the
Weekly Support of an Uptrend Channel (See first chart below, Yellow trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) broke last week the
Major Weekly Support Trendline from February 2016. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke two weeks
ago the Weekly Support Trendline. (See third chart below - Left - Blue)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below - Channel) Bulls need to protect
the Weekly Support Trendline at all costs (yellow)
5) Canadian Dollar/ US$ (USDCAD) weakest level since February 2016 on the Home Capital Group story. Still into a Weekly Megaphone Technical Pattern. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke six weeks ago the Previous Weekly Break Out Technical Pattern from February 2 2015 week!... (See sixth chart below - Grey Trendline) Broke last week the steep Weekly Uptrend Channel; bulls need to break the 52 weeks moving average (green line).
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is spiking and getting above the resistance zone. (See seventh chart below - Grey Trendline). Canadian stocks are getting more Volatile than US stocks on the Home Capital Group Story.
8) Natural Gas Futures (NG2-NYMEX) is unable to get back above the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. (See eight chart below - Blue trendline).
9) Light Crude Oil Futures (CL2-NYMEX) still into the Old Weekly Rising Wedge Pattern
(See ninth chart below - Grey Trendline - Ellipse) and tested again last week the Support Trendline.
The XIU ETF is under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Home Capital Group Story...
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"To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting."
-Sun Tzu, the Art of War
-Sun Tzu, the Art of War
Canadian Technical Charts Potpourri $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #bonds #gold #vix
Weekly Chart ( Candles )
XBB ETF ( iShares Canadian Universe Bond Index ETF )
Volume ( Bottom Blue Area )
XBB ETF ( iShares Canadian Universe Bond Index ETF )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart
SPTSX60 Index ( XIU ETF - Top Panel - Candles )
XIU ETF Volume ( Bottom Panel - Blue Area )
SPTSX60 Index ( XIU ETF - Top Panel - Candles )
XIU ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
Natural Gas Futures ( NG2 )
Volume ( Bottom Blue Area )
Natural Gas Futures ( NG2 )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart ( Candles )
Canadian Dollar/USD pair ( USDCAD )
Canadian Dollar/USD pair ( USDCAD )
Financialiceberg.Com
Weekly Chart
SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
Financialiceberg.Com
Weekly Chart
SPTSX Base Metal ( XBM ETF - Top Panel - Candles )
XBM ETF Volume ( Bottom Panel - Blue Area )
SPTSX Base Metal ( XBM ETF - Top Panel - Candles )
XBM ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart
SPTSX Energy ( XEG ETF - Top Panel - Candles )
XEG ETF Volume ( Bottom Panel - Blue Area )
SPTSX Energy ( XEG ETF - Top Panel - Candles )
XEG ETF Volume ( Bottom Panel - Blue Area )
RATIO - Weekly Chart ( Candles )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP100 Index Volatility ( VXO )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP100 Index Volatility ( VXO )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
