​​​Canadian Stocks (XIU ETF) trading worst than US stocks mainly on utilities
and oil​ ​stocks. ​Canadian Markets more volatile than US peers as energy and
​commodities stocks more volatile then US tech stocks. ​
​
​ Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Back above the Major Weekly ​
​Rising Wedge Resistance Trendline last week.
​ (See first chart below - yellow trendline)​​.
​
2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)   ​
Broke 12 weeks ago the Major Weekly Support Trendline (orange).​ Weekly
Shooting Star 4 weeks ago. Broke the Weekly Uptrend Channel 3 weeks ago.​
​(See second chart below)​
​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​
Broke a Major Weekly Resistance 25 weeks ago from a ​Weekly Wedge that
​started from July 2014. Bulls need to protect that at all costs. ​​
​(See third chart below - Red Trendlines)​​
​
​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF)
​Broke 6 weeks ago the Weekly Falling Wedge Resistance that started in December 2016. Weekly Bearish Engulfing Pattern 4 weeks ago. ​​​ (See 4rth chart below - Blue)  

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone ​Support Technical Pattern 48 weeks ago. ​(See fifth chart below - Blue Trendlines)​  ​Into a Weekly Falling Wedge (yellow) and broke the Resistance last week.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 3 weeks ago a Weekly Downtrend Channel; Still Into a Weekly Falling Wedge (red). ​​​(See sixth chart below - Channel)  

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is above the Support zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are now more Volatile than US stocks.
​
8) Natural Gas Futures (NG2-NYMEX) Strong Price Compression within a Weekly Falling Wedge and testing the resistance and was rejected. ​​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Broke 2 weeks ago a Weekly Uptrend Channel Support and back retesting it. (See ninth chart below - Red Trendlines)​.
​
​​The XIU ETF still into a high uncertainty as the Trade War is weighting tremendously on the Canadian FInancial Markets. Canadian stocks more volatile than US stocks lately.

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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