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Canadian Technical Charts Potpourri
January 09 2017 ( From TradingView)
January 09 2017 ( From TradingView)
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Two months ago, Canadian Stocks (XIU ETF) followed the Trumpification of
Financial Markets as pro-growth and reflation theme within a protectionism
bias repriced violently all Major Market Sectors. Sectors winners: Industrial
and Financial, Sectors losers: Interest rates sensitive: Utilities and Bonds.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) broke last week the Weekly
Double Top Resistance Trendline at 22.78. (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance since we broke the Weekly Rising Wedge that started
back since May 2007. Still into a WeeklyUptrend Channel.
(See second chart below - Red Trendlines)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is still above
the Breakout Trendline that started since October 2016.
(See third chart below - Left - Blue Trendline - Ellipse)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) is still into a Weekly
Rising Channel since breaking the Rising Wedge Resistance Trendline. (See 4rth chart below-Right-Yellow Trendline-Ellipse)
5) Canadian Dollar/ US$ (USDCAD) still into a Weekly Rising Wedge and Testing the Support side of it.
(See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke violently a Weekly Support Trendline that started back since February 2015 (See sixth chart below - Grey Trendline) and now in Dead Cat Bounce Mode from a Weekly Downtrend Channel. (Red Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US VIX is over the Resistance Zone.
(See seventh chart below). Cdn stocks getting more Volatile than US.
8) Natural Gas Futures (NG2-NYMEX) tested back the Weekly Trendline from February 2014! (See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) still above the Weekly Breakout Trendline that Bulls need to protect.
(See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is surprinsingly underperforming the SPY ETF (+5.8% vs +6.1%) since November 8 2016 with overweight in Financials (40.89% of XIU), Energy (21.39%) and Base Metals (10.47%).
Financial Markets as pro-growth and reflation theme within a protectionism
bias repriced violently all Major Market Sectors. Sectors winners: Industrial
and Financial, Sectors losers: Interest rates sensitive: Utilities and Bonds.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) broke last week the Weekly
Double Top Resistance Trendline at 22.78. (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance since we broke the Weekly Rising Wedge that started
back since May 2007. Still into a WeeklyUptrend Channel.
(See second chart below - Red Trendlines)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is still above
the Breakout Trendline that started since October 2016.
(See third chart below - Left - Blue Trendline - Ellipse)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) is still into a Weekly
Rising Channel since breaking the Rising Wedge Resistance Trendline. (See 4rth chart below-Right-Yellow Trendline-Ellipse)
5) Canadian Dollar/ US$ (USDCAD) still into a Weekly Rising Wedge and Testing the Support side of it.
(See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke violently a Weekly Support Trendline that started back since February 2015 (See sixth chart below - Grey Trendline) and now in Dead Cat Bounce Mode from a Weekly Downtrend Channel. (Red Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US VIX is over the Resistance Zone.
(See seventh chart below). Cdn stocks getting more Volatile than US.
8) Natural Gas Futures (NG2-NYMEX) tested back the Weekly Trendline from February 2014! (See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) still above the Weekly Breakout Trendline that Bulls need to protect.
(See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is surprinsingly underperforming the SPY ETF (+5.8% vs +6.1%) since November 8 2016 with overweight in Financials (40.89% of XIU), Energy (21.39%) and Base Metals (10.47%).
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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
-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 )
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 )
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 )
Natural Gas Futures ( NG2 )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart ( Candles )
Canadian Dollar/USD pair ( USDCAD )
Canadian Dollar/USD pair ( USDCAD )
Financialiceberg.Com
Weekly Chart
SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
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 )
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 )
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 SP500 Index Volatility ( VIX )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP500 Index Volatility ( VIX )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
