Always consider hidden risks
Canadian Technical Charts Potpourri
 February 18 2018 (From TradingView)
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​​Canadian Stocks (XIU ETF) trading higher in tandem with US stocks. ​
​NAFTA negotiations still 
weighting tremendously on the Canadian ​Financial
​Markets.​ Also, last NFP was terrible.

Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 2 weeks ago the  Major
​Weekly ​Rising Wedge Support Trendline.   
(See first chart below)​​.

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)   ​False Breakout
​with Weekly Bearish Engulfing​ 4 weeks ago. ​​
(See second chart below-grey)​ Bulls
​failed to protect the previous weekly breakout trendline 3 weeks ago (blue).

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​
Broke a Major Weekly Resistance 9 weeks ago from a ​Weekly Wedge that
​started from July 2014. Bulls need to protect at all costs. ​​
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) Broke 2 weeks ago a
​Weekly Downtrend Channel and the falling wedge.
​​(See 4rth chart below - Channel)  

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone ​
​Support Technical Pattern 33 weeks ago.
(See fifth chart below - Blue Trendlines)​  
Broke a Weekly Downtrend Channel 2 weeks ago.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke last week a Weekly Downtrend Channel. Still Into a Weekly Falling Wedge. ​​​(See sixth chart below - Channel)  

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is still below the resistance 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. 
​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel.
(See ninth chart below - Red Trendlines)​.

​​The XIU ETF still into a high uncertainty as the NAFTA negociations is weighting tremendously on the stock market. Bank of Canada stance takes that topic seriously into account.


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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 SP100 Index Volatility (​ VXO )

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