FINANCIAL ICEBERG
Always consider hidden risks
 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 )​​