FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
Canadian Technical Charts Potpourri
 January 30 2017 ( From TradingView)
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Canadian Stocks (XIU ETF) followed the Trumpification of Financial Markets
​(pro-growth and reflation theme within a protectionism ​bias) repriced violently
​all Major Market Sectors. What have changed since the Trump fever is that the
​US Dollar is falling now and already some deglobalization impacts (NAFTA,TPP)
Please fasten your seat belt as 2017 will make Volatility Great Back Again!

​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) tested the Previous Weekly
​Double Top Breakout Trendline at 22.78. (
See first chart below, Red trendline)​​

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance​ (new high last week) since we broke the ​Weekly Rising
​Wedge that started  ​​back since ​May 2007. Still into a Weekly Uptrend Channel.
​​​(See second chart below - Red Trendlines)

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke a Weekly
Wedge three weeks ago.
​​(See third chart below - Left - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke two weeks ago the Weekly Rising Wedge Support Trendline. (See 4rth chart below-Right-Red Trendline) Was so critical for Bulls...

​​​5) Canadian Dollar/ US$ (USDCAD) broke a Weekly Rising Wedge Support Trendline on huge trading Volume after a false breakout two weeks ago. ​(See fifth chart below - Blue Trendlines)​

6) XBB ETF (iShares Canadian Universe Bond Index ETF) Tested a Weekly Downtrend Channel Resistance Support Trendline that started back since September 26 2016 (See sixth chart below - Red Trendlines)​​ 
​​
7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US VIX is over the Resistance Zone. ​
​(See seventh chart below). Canadian stocks are more Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) tested back again the Weekly Trendline from February 2014!
​(See eight chart below - Blue trendline - Ellipse).

​​​9) Light Crude Oil Futures (CL2-NYMEX) tested again the Weekly Breakout Trendline that Bulls need to protect. (See ninth chart below - Grey Trendline - Ellipse)​ 

​​The XIU ETF is surprisingly more volatile (VIX60C) than the SP500 Index (VIX); maybe because we have more Financials in the XIU ETF and US foreign policies uncertainties...


​​




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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 SP500 Index Volatility (​ VIX )

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