FINANCIAL ICEBERG
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TECHNICALS
Canadian Technical Charts Potpourri
May 06 2018 (From TradingView)
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Canadian Stocks (XIU ETF) trading worst than US stocks mainly on bank stocks.
Canadian Markets less volatile than US peers as less technology stocks
within the stock indices.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 12 weeks ago the Major
Weekly Rising Wedge Support Trendline. Into a Weekly Uptrend Channel.
(See first chart below). 2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) False Breakout
with Weekly Bearish Engulfing 14 weeks ago. (See second chart below-grey) Bulls
failed to protect the previous weekly breakout trendline 13 weeks ago (blue).
Broke 6 weeks ago the Major Weekly Support Trendline (orange). Into a
Weekly Downtrend Channel.
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF)
Broke a Major Weekly Resistance 19 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) Into a Weekly Uptrend Channel. Broke 2 weeks ago the Weekly Falling Wedge Resistance that started in December 2016. (See 4rth chart below - Blue) 5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 43 weeks ago. (See fifth chart below - Blue Trendlines) Into a Weekly Falling Wedge (yellow).6) XBB ETF (iShares Canadian Universe Bond Index ETF) Broke 3 weeks ago a Weekly Uptrend Channel. Now into a new Weekly Downtrend Channel. Still Into a Weekly Falling Wedge (red). (See sixth chart below - Channel) 7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is above the Support zone. (See seventh chart below - Grey Trendline). Canadian stocks are now as Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) Strong Price Compression within a Weekly Falling Wedge.
(See eight chart below -Yellow trendline). 9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel.
(See ninth chart below - Red Trendlines).
The XIU ETF still into a high uncertainty as the NAFTA negociations is weighting tremendously on the Canadian FInancial Markets. Canadian stocks as volatile than US stocks lately.
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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 )
