​​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.


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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