FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
Canadian Technical Charts Potpourri
 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 W​eekly ​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

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 )​

Financialiceberg.Com
Financialiceberg.Com
Weekly Chart
​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 )​​

Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
 ​​Weekly Chart ( Candles )
​Canadian Dollar/USD pair ( USDCAD )

Financialiceberg.Com
Weekly Chart
​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 )​​
Weekly Chart
​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 )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​