FINANCIAL ICEBERG
Always consider hidden risks
 TECHNICALS
Canadian Technical Charts Potpourri
 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...


​​




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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 )​

Financialiceberg.Com
Financialiceberg.Com
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 )​​

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

Financialiceberg.Com
Weekly Chart
​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 )​​
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 )​​