​Canadian Stocks (XIU ETF) lost some traction after the Bank of Canada shifted
to a restrictive stance ​last week.​
​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke the Previous Major
​Weekly ​Double Top Breakout Trendline at 22.78 that was critical for Bulls.
​Still into a Weekly ​Downtrend Channel  (See first chart below, Channel)​​
​
2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Still into a Weekly
Downtrend Channel and near​ previous Major W​eekly ​Breakout Trendline from
​June 2007.​ (See second chart below - Red Trendline)

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke last week
​the Weekly Support Trendline. ​​(See third chart below - Left - Yellow)​​
​
​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel​. ​(See 4rth chart below - Channel)  Bulls losing control as we Broke
​the Weekly Support Trendline 4 weeks ago (yellow).​

​​​5) Canadian Dollar/ US$ (USDCAD) Testing a Weekly Megaphone Support Technical Pattern.
​(See fifth chart below - Blue Trendlines)​ 

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke last week a steep Weekly Rising Wedge Support Trendline. ​​(See sixth chart below - Yellow Trendlines)  Still above the 52 weeks moving average (green line).

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is back above the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are getting more Volatile than US stocks on Bank of Canada restrictive bias last week ago.
​
8) Natural Gas Futures (NG2-NYMEX) still below the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. ​(See eight chart below - Blue trendline).  Still into a Weekly Downtrend Channel.​

​​​9) Light Crude Oil Futures (CL2-NYMEX) Since breaking the Old Weekly Rising Wedge Support Pattern Trendline three weeks ago, into a Weekly Downtrend Channel. ​(See ninth chart below - Grey Trendline)​.

​​The XIU ETF broke a Major Weekly Support as the Bank of Canada surprise us with a restrictive bias last week. 


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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