FINANCIAL ICEBERG
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TECHNICALS
Canadian Technical Charts Potpourri
January 23 2017 ( From TradingView)
January 23 2017 ( From TradingView)
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Ten 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) broke three weeks ago the Weekly
Double Top Resistance Trendline at 22.78. (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance (new high last week) since we broke the Weekly Rising
Wedge that started back since May 2007. Still into a Weekly Uptrend Channel.
(See second chart below - Red Trendlines)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is back above
the Breakout Trendline that started since June 2013.
(See third chart below - Left - Grey Trendline)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) is back at the Weekly
Rising Wedge Support Trendline. (See 4rth chart below-Right-Red Trendline) so critical for Bulls...
5) Canadian Dollar/ US$ (USDCAD) is back within a Weekly Rising Wedge Support Trendline on huge trading Volume after a false breakout two weeks ago. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Tested a Weekly Downtrend Channel Resistance Support Trendline that started back since September 26 2016 (See sixth chart below - Red Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US VIX is over the Resistance Zone.
(See seventh chart below). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) tested back again the Weekly Trendline from February 2014!
(See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) tested the Weekly Breakout Trendline that Bulls need to protect.
(See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is surprisingly more volatile (VIX60C) than the SP500 Index (VIX); maybe because we had a breakout in the XIU ETF lately and US foreign policies uncertainties...
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) broke three weeks ago the Weekly
Double Top Resistance Trendline at 22.78. (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance (new high last week) since we broke the Weekly Rising
Wedge that started back since May 2007. Still into a Weekly Uptrend Channel.
(See second chart below - Red Trendlines)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) is back above
the Breakout Trendline that started since June 2013.
(See third chart below - Left - Grey Trendline)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) is back at the Weekly
Rising Wedge Support Trendline. (See 4rth chart below-Right-Red Trendline) so critical for Bulls...
5) Canadian Dollar/ US$ (USDCAD) is back within a Weekly Rising Wedge Support Trendline on huge trading Volume after a false breakout two weeks ago. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Tested a Weekly Downtrend Channel Resistance Support Trendline that started back since September 26 2016 (See sixth chart below - Red Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US VIX is over the Resistance Zone.
(See seventh chart below). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) tested back again the Weekly Trendline from February 2014!
(See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) tested the Weekly Breakout Trendline that Bulls need to protect.
(See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is surprisingly more volatile (VIX60C) than the SP500 Index (VIX); maybe because we had a breakout in the XIU ETF lately and US foreign policies uncertainties...
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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 SP500 Index Volatility ( VIX )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP500 Index Volatility ( VIX )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
