FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
Canadian Technical Charts Potpourri
 October 1 2017 (From TradingView)
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​​Canadian Stocks (XIU ETF) trading higher on Banks stocks..​
Stronger Canadian Economic data lately relative to the US will continue
​push the BOC to act on rates in 2018.
​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 16 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 and back above it
​last week. ​Broke the Weekly ​Downtrend
Channel Resistance 2 weeks ago. 
(See first chart below-Channel)​​.

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Broke a Weekly
Rising Wedge 10 weeks ago (Blue). Broke 2 weeks ago the Weekly Resistance
​Trendline (red) 
(See second chart below)​
​​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) Broke Violently
​a  Weekly Uptrend Channel 4 weeks ago. ​​
(See third chart below - Channel)​​
Bulls need to stay above previous Weekly Breakout Trendline (yellow)

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke 3 weeks ago
​Weekly Downtrend Channel​.
(See 4rth chart below - Channel)  Bears need to keep it
​below the previous Weekly Breakdown Trendline (yellow).​ Weekly Shooting Star.

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 14 weeks ago. (See fifth chart below - Blue Trendlines)​  Still Into a  Weekly Downtrend Channel.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 16 weeks ago a steep Weekly Rising Wedge Support Trendline. ​​(See sixth chart below - Yellow Trendlines)  Broke 4 weeks ago the Major Weekly Support Trendline that started back in October 2008! (Grey). Weekly Hammer at the Low.

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

8) Natural Gas Futures (NG2-NYMEX) still below the Previous Weekly Breakdown Trendline from March 2016, critical for Bulls to break. ​(See eight chart below - Blue trendline).  Still Into a tiny Weekly Uptrend Channel.​

​​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel that started since June 2017.  ​ (See ninth chart below - Channel)​.

​​The XIU ETF finally started to out perform the SP500 Index (SPY ETF) as the Bank of Canada softer tone last week bring the XIU back above the critical level of 22.78.


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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 )​​