Always consider hidden risks
Canadian Technical Charts Potpourri
 October 22 2017 (From TradingView)
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​​Canadian Stocks (XIU ETF) trading higher mainly on Banks stocks..​
Softer Canadian Economic data lately relative to the US will  ​push the
​Bank of Canada to act cautiously going forward.
​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 19 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 and back above it
​4 weeks ago. ​Broke the Weekly ​Downtrend
Channel Resistance 5 weeks ago. 
(See first chart below-Channel)​​. Broke the Resistance of an old Channel so critical
for Bulls to stay above from now on.​

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Broke 5 weeks
​ago the Weekly Resistance ​Trendline (red). Broke a steep Weekly Uptrend
​Channel a week ago. 
(See second chart below)​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​Testing a Major
​Weekly Wedge Resistance (red) from July 2014.
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke 6 weeks ago
​Weekly Downtrend Channel​.
(See 4rth chart below - Channel)  Bears need to keep it
​below the previous Weekly Breakdown Trendline (yellow).​ Weekly Shooting Star 4 weeks ago.

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 17 weeks ago. (See fifth chart below - Blue Trendlines)​  Still Into a  Weekly Uptrend Channel.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 19 weeks ago a steep Weekly Rising Wedge Support Trendline. ​​(See sixth chart below - Yellow Trendlines)  Broke 7 weeks ago the Major Weekly Support Trendline that started back in October 2008! (Grey). Weekly Hammer at the Low 4 weeks ago..

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is above the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are still more Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) still below the Previous Weekly Breakdown Trendline from March 2016, critical for Bulls to break. ​(See eight chart below - Blue trendline).  Still Into a tiny Weekly Uptrend Channel.​

​​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel that started since June 2017.  ​ (See ninth chart below - Channel)​.

​​The XIU ETF finally started to out perform the SP500 Index (SPY ETF) as the Bank of Canada softer tone 4weeks ago bring the XIU back above the critical level of 22.78. Interest sensitive stocks (banks, utilities,...) and base metals helping tremendously on a short term basis.


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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 )​​