Always consider hidden risks
Canadian Technical Charts Potpourri
 Aug 05 2018 (From TradingView)
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​​​Canadian Stocks (XIU ETF) underperforming US stocks mainly on commo
and oil​ ​stocks. ​Canadian Markets starting to be more volatile than US peers
​as ​commo stocks more volatile then US tech stocks. ​

Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Unable yet to stay above the
​Major ​Weekly ​Rising Wedge Support Trendline.
(See first chart below - orange trendline)​​.

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)   ​
Broke 19 weeks ago the Major Weekly Support Trendline (orange).​ Tested
again ​last week the Falling Wedge Resistance Trendline.
​(See second chart below)​

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​
Broke a Major Weekly Resistance 31 weeks ago from a ​Weekly Wedge that
​started from July 2014. Bulls need to protect that at all costs. ​​
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF)
​Broke 13 weeks ago the Weekly Falling Wedge Resistance that started in December 2016. Tested and Rejected 4 weeks ago the Resistance of a Falling Wedge. 
​​​ (See 4rth chart below - Blue)  

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Falling Wedge Resistance Technical Pattern 8 weeks ago. Still Into a Weekly Downtrend Channel. (See fifth chart below - Yellow Trendlines)​  ​.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Still Into a Weekly Falling Wedge (red); tested 3 weeks ago the Resistance. ​​​(See sixth chart below)  

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

8) Natural Gas Futures (NG2-NYMEX) Strong Price Compression within a Weekly Falling Wedge and tested many weeks the resistance and was rejected. ​​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 2 weeks ago the Weekly Uptrend Channel Support.
(See ninth chart below - Yellow Trendlines)​.

​​The XIU ETF still into a high uncertainty as the Trade War is weighting tremendously on the Canadian FInancial Markets. Canadian stocks more volatile than US stocks lately on bank stocks.


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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 )​​