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Canadian Technical Charts Potpourri
March 20 2017 ( From TradingView)
March 20 2017 ( From TradingView)
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Canadian Stocks (XIU ETF) still into the Trumpification of Financial Markets
(pro-growth and reflation theme within a protectionism bias) and the US budget
snapshot last week was only good for the military sector of the economy. FED
did hike but stayed dovish on their inflation outlook.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Bulls need to stay over Previous
Weekly Double Top Breakout Trendline at 22.78. Broke the Weekly Support
of an Uptrend Channel (See first chart below, Yellow trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Euphoria Phase
is over as we made a new weekly high three weeks ago that was rejected
violently with a Weekly Bearish Engulfing Pattern. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke two weeks
ago the old Weekly Rising Wedge. (See third chart below - Left - Red Trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below-Right-Channel)
5) Canadian Dollar/ US$ (USDCAD) is back testing a Weekly Downtrend Resistance that started from January 18 2016 week that Bears need to protect. (See fifth chart below - Yellow Trendline)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Into a strong Weekly Compression Price Technical Pattern that will bring more Volatility when broken... (See sixth chart below - Grey Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is still near the Resistance Trendline. (See seventh chart below - Grey Trendline). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) is back at the Previous Weekly Breakout Trendline from February 2014 (See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) broke two weeks ago the previous Weekly Breakout Trendline and now testing the old Rising Wedge Support Trendline. (See ninth chart below - Grey Trendlines)
The XIU ETF is still more volatile (VIX60C) than the SP100 Index (VIX); maybe because Financials and Energy and Materials were under pressure last few weeks...
(pro-growth and reflation theme within a protectionism bias) and the US budget
snapshot last week was only good for the military sector of the economy. FED
did hike but stayed dovish on their inflation outlook.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Bulls need to stay over Previous
Weekly Double Top Breakout Trendline at 22.78. Broke the Weekly Support
of an Uptrend Channel (See first chart below, Yellow trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Euphoria Phase
is over as we made a new weekly high three weeks ago that was rejected
violently with a Weekly Bearish Engulfing Pattern. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke two weeks
ago the old Weekly Rising Wedge. (See third chart below - Left - Red Trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below-Right-Channel)
5) Canadian Dollar/ US$ (USDCAD) is back testing a Weekly Downtrend Resistance that started from January 18 2016 week that Bears need to protect. (See fifth chart below - Yellow Trendline)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Into a strong Weekly Compression Price Technical Pattern that will bring more Volatility when broken... (See sixth chart below - Grey Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is still near the Resistance Trendline. (See seventh chart below - Grey Trendline). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) is back at the Previous Weekly Breakout Trendline from February 2014 (See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) broke two weeks ago the previous Weekly Breakout Trendline and now testing the old Rising Wedge Support Trendline. (See ninth chart below - Grey Trendlines)
The XIU ETF is still more volatile (VIX60C) than the SP100 Index (VIX); maybe because Financials and Energy and Materials were under pressure last few weeks...
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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 Financials Index ( XFN ETF - Top Panel - Candles )
SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
Financialiceberg.Com
Weekly Chart
SPTSX Base Metal ( XBM ETF - Top Panel - Candles )
XBM ETF Volume ( Bottom Panel - Blue Area )
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 )
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 )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP100 Index Volatility ( VXO )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
