​​
​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