FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
Canadian Technical Charts Potpourri
 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...


​​




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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 SP100 Index Volatility (​ VXO )

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