Always consider hidden risks
Canadian Technical Charts Potpourri
 September 3 2017 ( From TradingView)
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​​Canadian Stocks (XIU ETF) consolidation continue on higher rates fear.​
Stronger Canadian Economic data lately relative to the US will continue
​push the BOC to act on rates going forward.
​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 12 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 that was critical 4 Bulls.
​Test and Rejected 4 weeks ago the Weekly ​Downtrend
Channel Resistance. 
(See first chart below-Channel)​​.

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Broke a Weekly
Rising Wedge 6 weeks ago (Blue). Tested and Rejected last week the
​Weekly Resistance Trendline (red) 
(See second chart below)​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) still Into a
​Weekly Uptrend Channel and testing Resistance. ​​
(See third chart below - Channel)​​
Back 6 weeks ago above previous Weekly Breakout Trendline (yellow)

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel​.
(See 4rth chart below - Channel)  Bulls lost ​control as we
​Broke ​the Weekly Support Trendline 14 weeks ago (yellow).​ 

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 10 weeks ago. (See fifth chart below - Blue Trendlines)​  Broke a Weekly Uptrend Channel Support last week. Strongest since June 2015.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 12 weeks ago a steep Weekly Rising Wedge Support Trendline. ​​(See sixth chart below - Yellow Trendlines)  Tested last week the Major Weekly Support Trendline that started back in October 2008! (Grey)

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is now above the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are getting 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).  Broke last week the a Weekly Downtrend Channel Resistance.​

​​​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 continue to underperform tremendously the SP500 Index (SPY ETF) as the Bank of Canada surprise us with a restrictive bias 13 weeks ago (mainly the interest sensitive sectors) and NAFTA renegociation started. 


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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 )​​