FINANCIAL ICEBERG
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Canadian Technical Charts Potpourri
January 07 2018 (From TradingView)
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Canadian Stocks (XIU ETF) trading higher on higher oil and commodity prices.
Very strong employment number caught the bond market by surprise.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 30 weeks ago the Previous
Major Weekly Double Top Breakout Trendline at 22.78 and back above it
13 weeks ago. Broke last week a Weekly Megaphone Resistance.
(See first chart below). 2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)
Broke 16 weeks ago the Weekly Resistance Trendline (blue). Near the Weekly
Resistance of a Major Resistance Trendline.
(See second chart below-grey)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF)
Broke a Major Weekly Resistance 3 weeks ago from a Weekly Wedge that
started from July 2014. Bulls need to protect at all costs.
(See third chart below - Red Trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke 5 weeks ago a
Weekly Uptrend Channel. Now Into a Weekly Downtrend Channel.
(See 4rth chart below - Channel) 5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone
Support Technical Pattern 28 weeks ago. (See fifth chart below - Blue Trendlines)
Broke a Weekly Uptrend Channel 7 weeks ago. Into a tiny Weekly Downtrend Channel.6) XBB ETF (iShares Canadian Universe Bond Index ETF) Broke 3 weeks ago a Weekly Uptrend Channel.
(See sixth chart below - Channel) 7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is back above the resistance zone. (See seventh chart below - Grey Trendline). Canadian stocks are now more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) Into a Weekly Downtrend Channel within a Weekly Falling Wedge.
(See eight chart below -Yellow trendline). 9) Light Crude Oil Futures (CL2-NYMEX) Still Into a Weekly Uptrend Channel that started since July 2017.
Broke the Resistance of a Major Weekly Rising Wedge so critical for Bulls to stay over (becomes Support).
(See ninth chart below - Channel).
The XIU ETF finally performing well on higher commodity prices.
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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 )
