Always consider hidden risks
Canadian Technical Charts Potpourri
 July 1 2018 (From TradingView)
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​​​Canadian Stocks (XIU ETF) trading better than US stocks mainly on commo
and oil​ ​stocks. ​Canadian Markets more volatile than US peers as energy and
​commodities stocks less volatile then US tech stocks. ​

Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Back above the Major Weekly ​
​Rising Wedge Resistance Trendline 3 weeks ago.
(See first chart below - yellow trendline)​​.

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)   ​
Broke 14 weeks ago the Major Weekly Support Trendline (orange).​ Weekly
Shooting Star 6 weeks ago. Broke the 
Weekly Uptrend Channel 5 weeks ago.​
​(See second chart below)​

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​
Broke a Major Weekly Resistance 27 weeks ago from a ​Weekly Wedge that
​started from July 2014. Bulls need to protect that at all costs. ​​
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF)
​Broke 8 weeks ago the Weekly Falling Wedge Resistance that started in December 2016. Weekly Bullish Engulfing Pattern 2 weeks ago. 
​​​ (See 4rth chart below - Blue)  

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Falling Wedge Resistance Technical Pattern 3 weeks ago. (See fifth chart below - Yellow Trendlines)​  ​.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Still Into a Weekly Falling Wedge (red) and testing the Resistance. ​​​(See sixth chart below)  

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is above the Support zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are now less Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) Strong Price Compression within a Weekly Falling Wedge and tested many weeks the resistance and was rejected. ​​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 4 weeks ago a Weekly Uptrend Channel Support and back into it. (See ninth chart below - Yellow Trendlines)​.

​​The XIU ETF still into a high uncertainty as the Trade War is weighting tremendously on the Canadian FInancial Markets. Canadian stocks less volatile than US stocks lately on energy and commo stocks.


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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 )​

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 )​​

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

Weekly Chart
​SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
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 )​​