FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
Canadian Technical Charts Potpourri
 December 5 2016 ( From TradingView)
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Three weeks ago, Canadian Stocks (XIU ETF) followed the Trumpification of
​Financial Markets as pro-growth and reflation theme within a protectionism
​bias repriced violently all Major Market Sectors. Sectors winners: Industrial
​and ​Financial, Sectors losers: ​Interest rates sensitive: Utilities and Bonds.

​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) tested back the Weekly Rising 
​Wedge ​Trendline on high Volume. (
See first chart below, Yellow trendlines)​​

2) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is still above
​the Major ​Resistance that started since June 2013; breakout mode. 
​(See second chart below - Grey Trendline)

​3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance​ since we broke the ​Weekly Rising Wedge that started  ​
​back since ​February 2016. Broke the Uptrend Channel. Careful here...
​(See third chart below - Left - Blue trendlines)​​


4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) Weekly New High
and broke the New ​Rising Wedge Resistance Trendline. (See 4rth chart below-Right-Yellow Trendline-Ellipse)

​​​5) Canadian Dollar/US$ (USDCAD) unable to break the Resistance of a Weekly Rising Wedge.
​(See fifth chart below - Blue Trendlines)​

6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke violently a Weekly Support Trendline that started back since November 2015 (See sixth chart below - Blue Trendline - Ellipse)​​ and still below the previous Breakout Trendline that started back since February 2015! (Grey Trendline)
​​
7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US VIX is falling since reaching the Resistance Zone. ​(See seventh chart below). Cdn stocks getting less Volatile than US.

8) Natural Gas Futures (NG2-NYMEX) broke back the Weekly Resistance from February 2014! (See eight chart below - Blue trendline - Ellipse).
​​9) Light Crude Oil Futures (CL2-NYMEX)  retested a Major Resistance Trendline and failed to break it yet.
​(See ninth chart below - Grey Trendline - Ellipse)​ Take note of the lower volume...

​​The XIU ETF is surprinsingly underperforming the SPY ETF (+2.3% vs +2.6%) since November 8 2016 with overweight in Financials (40.41% of XIU),  Energy (21.57%) and Base Metals (10.20%).


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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 Global Base Metal Index ( XBM ETF - Top Panel - Candles )
​​​
Financialiceberg.Com
Weekly Chart
​SPTSX Financials ( XFN ETF - Top Panel - Candles )
​XFN 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 SP500 Index Volatility (​ VIX )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​