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Canadian Technical Charts Potpourri
March 06 2017 ( From TradingView)
March 06 2017 ( From TradingView)
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Canadian Stocks (XIU ETF) still into the Trumpification of Financial Markets
(pro-growth and reflation theme within a protectionism bias) repriced violently
all Major Market Sectors. Three weeks ago, Trump announced that tax cut
details are 1 week from now. That led the market to new high ever!
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) Bulls need to stay over Previous
Weekly Double Top Breakout Trendline at 22.78. Level tested last week and
rebounded.Still into a Weekly Uptrend Channel (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Euphoria Phase
over as made a new weekly high two weeks ago that was rejected violently
with a Weekly Bearish Engulfing Pattern. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) rebounded from
previous Weekly breakout zone. (See third chart below - Left - Grey Trendline)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below-Right-Channel)
5) Canadian Dollar/ US$ (USDCAD) testing a Weekly Downtrend Resistance that started from January 18 2016 week. Could become a reversal... (See fifth chart below - Yellow Trendline)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Tested a Major previous breakdown Trendline that started since February 2015! and was rejected. (See sixth chart below - Grey Trendline)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is still near the Resistance Trendline. (See seventh chart below - Grey Trendline). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) broke back the Previous Weekly Breakout Trendline from February 2014 three weeks ago but Hammer Candle two weeks ago week. (See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) consolidation near the previous Weekly Breakout Trendline that Bulls need to protect at all costs. (See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is still more volatile (VIX60C) than the SP500 Index (VIX); maybe because Financials within the XIU ETF (42.1%) made a Weekly Bearish Engulfing Technical Pattern two weeks ago...
(pro-growth and reflation theme within a protectionism bias) repriced violently
all Major Market Sectors. Three weeks ago, Trump announced that tax cut
details are 1 week from now. That led the market to new high ever!
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) Bulls need to stay over Previous
Weekly Double Top Breakout Trendline at 22.78. Level tested last week and
rebounded.Still into a Weekly Uptrend Channel (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Euphoria Phase
over as made a new weekly high two weeks ago that was rejected violently
with a Weekly Bearish Engulfing Pattern. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) rebounded from
previous Weekly breakout zone. (See third chart below - Left - Grey Trendline)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below-Right-Channel)
5) Canadian Dollar/ US$ (USDCAD) testing a Weekly Downtrend Resistance that started from January 18 2016 week. Could become a reversal... (See fifth chart below - Yellow Trendline)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Tested a Major previous breakdown Trendline that started since February 2015! and was rejected. (See sixth chart below - Grey Trendline)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is still near the Resistance Trendline. (See seventh chart below - Grey Trendline). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) broke back the Previous Weekly Breakout Trendline from February 2014 three weeks ago but Hammer Candle two weeks ago week. (See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) consolidation near the previous Weekly Breakout Trendline that Bulls need to protect at all costs. (See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is still more volatile (VIX60C) than the SP500 Index (VIX); maybe because Financials within the XIU ETF (42.1%) made a Weekly Bearish Engulfing Technical Pattern two 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
-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 )
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 )
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 )
Natural Gas Futures ( NG2 )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart ( Candles )
Canadian Dollar/USD pair ( USDCAD )
Canadian Dollar/USD pair ( USDCAD )
Financialiceberg.Com
Weekly Chart
SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
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 )
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 )
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 )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP100 Index Volatility ( VXO )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
