FINANCIAL ICEBERG
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Canadian Technical Charts Potpourri
April 24 2017 ( From TradingView)
April 24 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) but details of his
action plan are scarce and the geopolitical risks fails deals a blow to the rest
of his agenda. That is starting to weight on the stock market.
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 sixth weeks ago the
Weekly Support of an Uptrend Channel (See first chart below, Yellow trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) is testing the
Major Weekly Support Trendline from February 2016. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke last week
the Weekly Support Trendline. (See third chart below - Left - Blue)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below - Channel) Bulls need to protect
the Weekly Support Trendline at all costs (yellow)
5) Canadian Dollar/ US$ (USDCAD) keep testing a Weekly Downtrend Resistance Trendline that started from January 18 2016 week that Bulls need to protect. (See fifth chart below - Yellow Trendline)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke five weeks ago the Previous Weekly Break Out Technical Pattern from February 2 2015 week!... (See sixth chart below - Grey Trendline) Still Into a steep Weekly Uptrend Channel and tested the 52 weeks moving average (green line).
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is falling and getting away from resistance zone. (See seventh chart below - Grey Trendline). Canadian stocks are getting less Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) is unable to get back above the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. (See eight chart below - Blue trendline).
9) Light Crude Oil Futures (CL2-NYMEX) back four weeks ago into the Old Weekly Rising Wedge Pattern
(See ninth chart below - Grey Trendline - Ellipse) and tested again last week the resistance.
The XIU ETF is under performing the SP100 Index as the Energy and Material Sectors are into a downtrend technically speaking...
(pro-growth and reflation theme within a protectionism bias) but details of his
action plan are scarce and the geopolitical risks fails deals a blow to the rest
of his agenda. That is starting to weight on the stock market.
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 sixth weeks ago the
Weekly Support of an Uptrend Channel (See first chart below, Yellow trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) is testing the
Major Weekly Support Trendline from February 2016. (See second chart below)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke last week
the Weekly Support Trendline. (See third chart below - Left - Blue)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below - Channel) Bulls need to protect
the Weekly Support Trendline at all costs (yellow)
5) Canadian Dollar/ US$ (USDCAD) keep testing a Weekly Downtrend Resistance Trendline that started from January 18 2016 week that Bulls need to protect. (See fifth chart below - Yellow Trendline)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) broke five weeks ago the Previous Weekly Break Out Technical Pattern from February 2 2015 week!... (See sixth chart below - Grey Trendline) Still Into a steep Weekly Uptrend Channel and tested the 52 weeks moving average (green line).
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is falling and getting away from resistance zone. (See seventh chart below - Grey Trendline). Canadian stocks are getting less Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) is unable to get back above the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. (See eight chart below - Blue trendline).
9) Light Crude Oil Futures (CL2-NYMEX) back four weeks ago into the Old Weekly Rising Wedge Pattern
(See ninth chart below - Grey Trendline - Ellipse) and tested again last week the resistance.
The XIU ETF is under performing the SP100 Index as the Energy and Material Sectors are into a downtrend technically speaking...
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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 )
