Always consider hidden risks
Canadian Technical Charts Potpourri
 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%).


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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 )​

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 )​​

 ​​Weekly Chart ( Candles )
​Canadian Dollar/USD pair ( USDCAD )

Weekly Chart
​SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
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 SP500 Index Volatility (​ VIX )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​