FINANCIAL ICEBERG
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 TECHNICALS
Canadian Technical Charts Potpourri
 December 3 2017 (From TradingView)
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​​Canadian Stocks (XIU ETF) trading higher on Bank stocks.​

​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 25 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 and back above it
​10 weeks ago. ​Broke the Weekly ​Downtrend
Channel Resistance 11 weeks ago. 
(See first chart below-Channel)​​. Broke a weekly Uptrend Channel 4 weeks ago.
Weekly Shooting Star 2 weeks ago.​


2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)  Tested New High
​Ever. ​
Broke 11 weeks ​ago the Weekly Resistance ​Trendline (red). Tested and
​Rejected Violently Previous Weekly Breakdown Trendline 4 weeks ago.
​Weekly Shooting Star 2 weeks ago.  
(See second chart below-blue)​
​​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​Still within a
Major ​​Weekly Wedge (red) from July 2014. ​​
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke 12 weeks ago
​Weekly Downtrend Channel​.
(See 4rth chart below - Channel)  Broke above the
​previous Weekly Breakdown Trendline (yellow) that Bulls failed to protect
​3 weeks ago.​ Into a Weekly Uptrend Channel and testing the Support Trendline.

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 23 weeks ago. (See fifth chart below - Blue Trendlines)​  Broke a  Weekly Uptrend Channel 2 weeks ago. Into a New Weekly Downtrend Channel.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 25 weeks ago a steep Weekly Rising Wedge Support Trendline. ​​(See sixth chart below - Yellow Trendlines)  Back 4 weeks ago above 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 below the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are now less Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) False Breakout 4 weeks ago. ​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 17 weeks ago a Weekly Uptrend Channel Resistance that started since August 2017.  ​ ​(See ninth chart below - Channel)​.

​​The XIU ETF finally started to perform as the Bank of Canada softer tone 11 weeks ago bring the XIU back above the critical level of 22.78. Banks Weekly Shooting Star a Warning 2 weeks ago.


​​




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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 )​​