FINANCIAL ICEBERG
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Canadian Technical Charts Potpourri
Apr 08 2018 (From TradingView)
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Canadian Stocks (XIU ETF) trading better than US stocks mainly on oil stocks.
Canadian Markets way 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 9 weeks ago the Major
Weekly Rising Wedge Support Trendline. Into a Weekly Downtrend Channel.
(See first chart below). 2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) False Breakout
with Weekly Bearish Engulfing 11 weeks ago. (See second chart below-grey) Bulls
failed to protect the previous weekly breakout trendline 10 weeks ago (blue).
Broke 3 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 16 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) Broke 5 weeks
ago a Weekly Falling Wedge. Retesting it. (See 4rth chart below - Blue) 5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 40 weeks ago. (See fifth chart below - Blue Trendlines) Broke 2 weeks ago a Weekly Uptrend Channel. Into a Weekly Downtrend Channel.6) XBB ETF (iShares Canadian Universe Bond Index ETF) Still into a Weekly Uptrend 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 below the Support zone. (See seventh chart below - Grey Trendline). Canadian stocks are now way less 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 way less 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 )
