FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
CDA Technical Charts Potpourri
 October 17 2016 ( From TradingView, CNN Money )
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Last week, Canadian Financial Markets held quite well as oil price and
the banking sector outperformed the broad Canadian Indices.

​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF)  is still into a tiny Weekly Rising
Wedge ​​and tested last week a Support Trendline that started back since
​June 27 2016 week. (
See first chart below, Blue trendline - Ellipse)​​

2) ​XIU ETF (iShares S&P/TSX 60 Index ETF) on a Weekly Relative Basis
compare to the Mighty SP500 Index (SPY ETF), few of us realize that the
​Canadian Index started to outperformed slightly since bottoming out in
​December 2015!​ (See second chart below - Blue trendline)​

​3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) is within a steep
Weekly Rising Wedge since February 2016. As Financials are 39.01% (no typo)
​of the ​XIU ETF, it become a must follow...
​(See third chart below - Left - Blue trendlines)​​


4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke two weeks
​ago a Rising Wedge Resistance Trendline. Bulls need to protect that Trendline at all costs.
(See fourth chart below - Right - Blue Trendline - Ellipse)

​​​5) Canadian Dollar/US$ (USDCAD) Still in strong consolidation phase within a Weekly Rising Wedge.
(See fifth chart below - Blue Trendlines)​

6) XBB ETF (iShares Canadian Universe Bond Index ETF) is in the process of breaking a Weekly Support Trendline that started back since November 2015.  (See sixth chart below - Blue Trendline - Ellipse)​​
​​
7) Canadian VIX Index (​SPTSX60 Volatility-TMX) is testing a Weekly Falling Wedge. (See seventh chart below).

8) Gold Futures (GC1-COMEX) broke s Weekly Channel Support two weeks ago and is trying to consolidate at the 200 DMA. (See eight chart below - Blue trendline - Ellipse)
​​
9) Light Crude Oil Futures (CL2-NYMEX) broke two weeks ago a tiny Resistance Trendline within a Major Rising Wege Technical Pattern. (See ninth chart below - Grey Trendlines - Ellipse for tiny breakout)​

​​Very atypical Markets; Canadian $ down, oil up, gold down and stocks in consolidation and bonds down....


​​




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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

CDA 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 )​

Financialiceberg.Com
Financialiceberg.Com
Weekly Chart
​SPTSX60 Index ( XIU ETF - Top Panel - Candles )
​XIU ETF Volume ( Bottom Panel - Blue Area )​​
 ​Weekly Chart ( Candles )
​Gold Futures ( GC1 )
​Volume ( Bottom Blue Area )​​

Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
 ​​Weekly Chart ( Candles )
​Canadian Dollar/USD pair ( USDCAD )

Financialiceberg.Com
Weekly Chart
RATIO​
​STTSX60 Index  over SP500 Index ( XIU ETF over SPY ETF - Candles )
​​​
Financialiceberg.Com
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 )​​