FINANCIAL ICEBERG
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 TECHNICALS
Canadian Technical Charts Potpourri
 July 02 2017 ( From TradingView)
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​Canadian Stocks (XIU ETF) consolidation continue on higher rates fear.​
​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 3 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 that was critical 4 Bulls.
​Still into a Weekly ​Downtrend
Channel  (See first chart below, Channel)​​

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Still into a Weekly
Downtrend Channel and tested the Resistance Trendline.​ 
(See second chart below - Channel)

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke 3 weeks
​ago the Weekly Support Trendline. Retest of it. ​​
(See third chart below - Left - Yellow)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel​.
(See 4rth chart below - Channel)  Bulls losing control as we
​Broke ​the Weekly Support Trendline 6 weeks ago (yellow).​

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone
​Support Technical Pattern.
(See fifth chart below - Blue Trendlines)​ 

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 3 weeks ago a steep Weekly Rising Wedge Support Trendline. ​​(See sixth chart below - Yellow Trendlines)  Below the 52 weeks moving average (green line).

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is back at the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are getting less Volatile than US stocks on Warren Buffet investing in Home Capital Group last week but balanced with the BOC hawkish bias.

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 Weekly Downtrend Channel.​

​​​9) Light Crude Oil Futures (CL2-NYMEX) Since breaking the Old Weekly Rising Wedge Support Pattern Trendline three weeks ago, into a Weekly Downtrend Channel. ​(See ninth chart below - Grey Trendline)​.

​​The XIU ETF broke a Major Weekly Support as the Bank of Canada surprise us with a restrictive bias 3 weeks ago. Interest sensitive sectors (Utilities, REITs, Bonds...) under tremendous pressure.


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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 )​​