Always consider hidden risks
Canadian Technical Charts Potpourri
 June 05 2017 ( From TradingView)
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​Canadian Stocks (XIU ETF) still feel the weight of the downgrade three weeks
ago of the major Canadian Banks and the Home Capital Group story.
​  ​
​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Bulls need to stay over Previous
​Weekly ​Double Top Breakout Trendline at 22.78. Still into a Weekly ​Downtrend
Channel  (See first chart below, Channel)​​

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) tested again
​previous Major W​eekly ​Breakout Trendline from June 2007.​ 
(See second chart below)

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke 7 weeks 
​ago the Weekly Support Trendline. ​​
(See third chart below - Left - Blue)​​

​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 Broke the
​Weekly Support Trendline 2 weeks ago (yellow).​

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

6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke 11 weeks ago the Previous Weekly Break Out Technical Pattern from February 2 2015 week!... (See sixth chart below - Grey Trendline)
​Still into a steep Weekly Rising Wedge; closed 2 weeks ago above the 52 weeks moving average (green line).
Highest level since the US Election.​
7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is bove the resistance zone. ​
(See seventh chart below - Grey Trendline). Canadian stocks are still more Volatile than US stocks on the Canadian Banks downgrade Story three weeks ago.

8) Natural Gas Futures (NG2-NYMEX) still below the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. ​(See eight chart below - Blue trendline).

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

​​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Canadian Banks downgrade Story three weeks ago and the weakness of the oil sector...


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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 )​​