Always consider hidden risks
Canadian Technical Charts Potpourri
 December 10 2017 (From TradingView)
If you would like to receive our free daily markets updates, please Sign-up

​​Canadian Stocks (XIU ETF) trading higher on Bank of Canada dovishness.​

​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 26 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 and back above it
​11 weeks ago. ​Into a Weekly Megaphone. 
(See first chart below)​​.

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)  New High ​Ever. ​
Broke 12 weeks ​ago the Weekly Resistance ​Trendline (red). Tested and
​Rejected Violently Previous Weekly Breakdown Trendline 4 weeks ago.
(See second chart below-blue)​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​Still within a
Major ​​Weekly Wedge from July 2014. ​​
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke last week a
​Weekly Uptrend Channel​. Into a Weekly Downtrend Channel.

(See 4rth chart below - Channel)  

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone
​Support Technical Pattern 24 weeks ago.
(See fifth chart below - Blue Trendlines)​  
Broke a  Weekly Uptrend Channel 3 weeks ago. Into a New Weekly Downtrend Channel.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Into 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) False Breakout 5 weeks ago. Broke a Weekly Wedge last week. 
​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 18 weeks ago a Weekly Uptrend Channel Resistance that started since August 2017.  ​ ​(See ninth chart below - Channel)​.

​​The XIU ETF finally started to perform as the Bank of Canada softer tone 12 weeks ago continue to bring the XIU back above the critical level of 22.78.


tatisticCode" src="Scripts/stats-tracking.js">
"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 )​​