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Canadian Technical Charts Potpourri
November 14 2016 ( From TradingView, CNN Money )
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...
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
-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 )
XBB ETF ( iShares Canadian Universe Bond Index ETF )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart
SPTSX60 Index ( XIU ETF - Top Panel - Candles )
XIU ETF Volume ( Bottom Panel - Blue Area )
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 )
Natural Gas Futures ( NG2 )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart ( Candles )
Canadian Dollar/USD pair ( USDCAD )
Canadian Dollar/USD pair ( USDCAD )
Financialiceberg.Com
Weekly Chart
SPTSX Gloal Base Metal Index ( XBM ETF - Top Panel - Candles )
SPTSX Gloal Base Metal Index ( XBM ETF - Top Panel - Candles )
Financialiceberg.Com
Weekly Chart
SPTSX Financials ( XFN ETF - Top Panel - Candles )
XFN ETF Volume ( Bottom Panel - Blue Area )
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 )
SPTSX Energy ( XEG ETF - Top Panel - Candles )
XEG ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
TMX SPTSX60 Index Volatility ( VIXC )
TMX SPTSX60 Index Volatility ( VIXC )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
