Always consider hidden risks
Canadian Technical Charts Potpourri
 December 12 2016 ( From TradingView)
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Four weeks 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 two weeks ago the Weekly
​Rising ​Wedge ​Resistance Trendline. (
See first chart below, Yellow trendlines)​​

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. Now into a Steep Uptrend Channel.
​​​(See second chart below - Red Trendlines)

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is still above
​the Major ​Resistance that started since June 2013; breakout mode.
​​(See third chart below - Left - Grey Trendline)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) No New Higg but broke
​last week the ​Rising Wedge Resistance Trendline. (See 4rth chart below-Right-Yellow Trendline-Ellipse)

​​​5) Canadian Dollar/ US$ (USDCAD) still into a Weekly Rising Wedge.
​(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 at the Support of 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) broke back the Weekly Resistance from February 2014! (See eight chart below - Blue trendline - Ellipse).
​​9) Light Crude Oil Futures (CL2-NYMEX)  retested a Major Resistance Trendline and failed to break it yet.
​(See ninth chart below - Grey Trendline - Ellipse)​ Take note of the Weekly Hanging Man Technical Pattern...

​​The XIU ETF is surprinsingly underperforming the SPY ETF (+4.3% vs +5.8%) since November 8 2016 with overweight in Financials (40.76% of XIU),  Energy (21.24%) and Base Metals (10.25%).


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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 )​​