Always consider hidden risks
Canadian Technical Charts Potpourri
 November 14 2016 ( From TradingView, CNN Money )
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Last week, 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)  is into a Weekly False Breakout
phase as we failed to stay above the ​Weekly Rising Wedge Trendline.
​ (
See first chart below, Top Blue trendline - Ellipse)​​

2) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is the surprise as
it ​broke the steep Rising Wedge (See second chart below - Blue trendline)​ and
​the Major ​Resistance that started since June 2013! (Grey Trendline)

​3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) complete reversal
on Trumpification ​as we get above the ​Weekly Rising Wedge that started
​back since ​February 2016. (See third chart below - Left - Blue trendlines)​​

4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) is still above the
Support ​of a Rising Wedge Resistance Trendline. Bulls need to protect that Trendline ​at all costs from now on. (See fourth chart below - Right - Bottom Blue Trendline - Ellipse)

​​​5) Canadian Dollar/US$ (USDCAD) broke the Resistance of a Weekly Rising Wedge. Bulls need to stay above 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 November 2015 and below the 52 WMA.  (See sixth chart below - Blue Trendline - Ellipse)​​
7) Canadian VIX Index (​SPTSX60 Volatility) finally broke a Weekly Falling Wedge Resistance Trendline and rising compare to the US VIX. ​(See seventh chart below).

8) Natural Gas Futures (NG2-NYMEX) false breakout after testing the Weekly Resistance from February 2014! (See eight chart below - Blue trendline - Ellipse) and now breaking the Support Trendline (Grey)
9) Light Crude Oil Futures (CL2-NYMEX)  retested a Major Resistance Trendline and failed to break.
​(See ninth chart below - Grey Trendline - Ellipse)​

​​The Complete Reversal in the Canadian Financials is the Weekly surprise; sector weight is 40.14% of the
​XIU ETF so it becomes a must follow...


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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 Gloal Base Metal Index ( XBM ETF - Top Panel - Candles )
Weekly Chart
​SPTSX Financials ( XFN ETF - Top Panel - Candles )
​XFN ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart
​SPTSX Energy ( XEG ETF - Top Panel - Candles )
​XEG ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart ( Candles )
TMX SPTSX60 Index Volatility (​ VIXC  )

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