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Canadian Technical Charts Potpourri
November 21 2016 ( From TradingView, CNN Money )
November 21 2016 ( From TradingView, CNN Money )
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Two weeks ago, Canadian Stocks (XIU ETF) followed the Trumpification of
Financial Markets as pro-growth and reflation theme within a protectionism
bias repriced violently all Major Market Sectors. Sectors winners: Industrial
and Financial, Sectors losers: Interest rates sensitive: Utilities and Bonds.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) is into a New Weekly Rising
Wedge Technical Pattern. (See first chart below, Yellow trendlines)
2) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is the surprise
this week as it was unable to stay above the the Major Resistance that
started since June 2013! (See second chart below - Grey Trendline)
3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance on Trumpification as we get above the Weekly Rising
Wedge that started back since February 2016.
(See third chart below - Left - Blue trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) is still above the
Support of a Rising Wedge Resistance Trendline. Bulls need to protect that Trendline at all costs from now on. (See fourth chart below - Right - Bottom Blue Trendline - Ellipse)
5) Canadian Dollar/US$ (USDCAD) is back at the Resistance of a Weekly Rising Wedge as Bulls try to stay above it. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke violently a Weekly Support Trendline that started back since November 2015 (See sixth chart below - Blue Trendline - Ellipse) and now below the previous Breakout Trendline that started back since February 2015! (Grey Trendline)
7) Canadian VIX Index (SPTSX60 Volatility) broke two weeks ago a Weekly Falling Wedge Resistance Trendline and rising compare to the US VIX. (See seventh chart below). Cdn stocks more Volatile than US.
8) Natural Gas Futures (NG2-NYMEX) false breakout after testing the Weekly Resistance from February 2014! (See eight chart below - Blue trendline - Ellipse) and now breaking the Support Trendline (Grey)
9) Light Crude Oil Futures (CL2-NYMEX) retested a Major Resistance Trendline and failed to break it yet.
(See ninth chart below - Grey Trendline - Ellipse)
The Canadian Financials continue its strong performance on rising rates; sector weight is 40.16% of the
XIU ETF. Also the Energy Sector bounce with 21.27% sector weight made the XIU reached June 2015 Zone.
Financial Markets as pro-growth and reflation theme within a protectionism
bias repriced violently all Major Market Sectors. Sectors winners: Industrial
and Financial, Sectors losers: Interest rates sensitive: Utilities and Bonds.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) is into a New Weekly Rising
Wedge Technical Pattern. (See first chart below, Yellow trendlines)
2) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is the surprise
this week as it was unable to stay above the the Major Resistance that
started since June 2013! (See second chart below - Grey Trendline)
3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance on Trumpification as we get above the Weekly Rising
Wedge that started back since February 2016.
(See third chart below - Left - Blue trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) is still above the
Support of a Rising Wedge Resistance Trendline. Bulls need to protect that Trendline at all costs from now on. (See fourth chart below - Right - Bottom Blue Trendline - Ellipse)
5) Canadian Dollar/US$ (USDCAD) is back at the Resistance of a Weekly Rising Wedge as Bulls try to stay above it. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke violently a Weekly Support Trendline that started back since November 2015 (See sixth chart below - Blue Trendline - Ellipse) and now below the previous Breakout Trendline that started back since February 2015! (Grey Trendline)
7) Canadian VIX Index (SPTSX60 Volatility) broke two weeks ago a Weekly Falling Wedge Resistance Trendline and rising compare to the US VIX. (See seventh chart below). Cdn stocks more Volatile than US.
8) Natural Gas Futures (NG2-NYMEX) false breakout after testing the Weekly Resistance from February 2014! (See eight chart below - Blue trendline - Ellipse) and now breaking the Support Trendline (Grey)
9) Light Crude Oil Futures (CL2-NYMEX) retested a Major Resistance Trendline and failed to break it yet.
(See ninth chart below - Grey Trendline - Ellipse)
The Canadian Financials continue its strong performance on rising rates; sector weight is 40.16% of the
XIU ETF. Also the Energy Sector bounce with 21.27% sector weight made the XIU reached June 2015 Zone.
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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 Global Base Metal Index ( XBM ETF - Top Panel - Candles )
SPTSX Global Base Metal Index ( XBM ETF - Top Panel - Candles )
Financialiceberg.Com
Weekly Chart
SPTSX Financials ( XFN ETF - Top Panel - Candles )
XFN ETF Volume ( Bottom Panel - Blue Area )
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 )
SPTSX Energy ( XEG ETF - Top Panel - Candles )
XEG ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
TMX SPTSX60 Index Volatility ( VIXC )
TMX SPTSX60 Index Volatility ( VIXC )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
