Always consider hidden risks
Canadian Technical Charts Potpourri
 April 10 2017 ( From TradingView)
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Canadian Stocks (XIU ETF) still into the Trumpification of Financial Markets
​(pro-growth and reflation theme within a protectionism ​bias) but details of his
action plan are scarce and the geopolitical risks fails deals a blow to the rest
​of his ​agenda.​ That is starting to weight on the stock market.
​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Bulls need to stay over Previous
​Weekly ​Double Top Breakout Trendline at 22.78. Broke four weeks ago the  
​Weekly Support of an ​Uptrend Channel (
See first chart below, Yellow trendline)​​

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Euphoria Phase
​is over as we made a new weekly ​high seven weeks ago that was rejected
​violently with a Weekly Bearish Engulfing Pattern.​ (See second chart below)

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) tested last week 
​the Previous Weekly BreakdownTrendline. ​​(See third chart below - Left - Red)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel​. (See 4rth chart below-Right-Channel) 

​​​5) Canadian Dollar/ US$ (USDCAD) is keep testing a Weekly Downtrend Resistance Trendline that started from January 18 2016 week that Bulls need to protect.  (See fifth chart below - Yellow Trendline)​

6) XBB ETF (iShares Canadian Universe Bond Index ETF) still above the Previous Weekly Break Out Technical Pattern from February 2 2015 week!... (See sixth chart below - Grey Trendline)​​ 
7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is falling as Financials consolidate and away from resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are getting less Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) is back testing the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. ​(See eight chart below - Blue trendline).

​​​9) Light Crude Oil Futures (CL2-NYMEX) back two weeks ago into the Old Weekly Rising Wedge Pattern
​(See ninth chart below - Grey Trendlines)​ and tested last week the resistance.

​​The XIU ETF is out performing the SP100 Index as the Energy and Material Sectors are bouncing back technically speaking...


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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 SP100 Index Volatility (​ VXO )

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