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Canadian Technical Charts Potpourri
October 24 2016 ( From TradingView, CNN Money )
October 24 2016 ( From TradingView, CNN Money )
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Last week, Canadian Stocks (XIU ETF) outperformed the SP500 Index
(SPY ETF) as oil price slighlty up and the Canadian Banks did breakout.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) broke the Resistance from a tiny
Weekly Rising Wedge, all that within a Weekly Uptrend Channel.
(See first chart below, Blue trendline - Ellipse)
2) XIU ETF (iShares S&P/TSX 60 Index ETF) on a Weekly Relative Basis
compare to the Mighty SP500 Index (SPY ETF), still outperform slightly since
bottoming out in December 2015! (See second chart below - Blue trendline)
3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) broke last week
the Resistance of a steep Weekly Rising Wedge since February 2016.
As Financials are 38.8% (no typo) of the XIU ETF, it become a must follow...
(See third chart below - Left - Blue trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke two weeks
ago a Rising Wedge Resistance Trendline. Bulls need to protect that Trendline
at all costs from now on. As the Energy Sector is 21.5% of the XIU ETF.
(See fourth chart below - Right - Blue Trendline - Ellipse)
5) Canadian Dollar/US$ (USDCAD) is testing the Resistance of a Weekly Rising Wedge.
(See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) is rebounding from a Weekly Support Trendline that started back since November 2015 as the BOC was dovish. (See sixth chart below - Blue Trendline - Ellipse)
7) Canadian VIX Index (SPTSX60 Volatility) is in strong Compression from a Weekly Falling Wedge.
(See seventh chart below).
8) Natural Gas Futures (NG2-NYMEX) broke last week a Weekly Resistance from February 2014!.
(See eight chart below - Blue trendline - Ellipse)
9) Light Crude Oil Futures (CL2-NYMEX) is getting near a Major Resistance Trendline within a Major Rising Wedge Technical Pattern. (See ninth chart below - Grey Trendlines)
Financials and the Energy sector are 60.3% of the XIU ETF... Also, Nat Gas is doing well...
(SPY ETF) as oil price slighlty up and the Canadian Banks did breakout.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) broke the Resistance from a tiny
Weekly Rising Wedge, all that within a Weekly Uptrend Channel.
(See first chart below, Blue trendline - Ellipse)
2) XIU ETF (iShares S&P/TSX 60 Index ETF) on a Weekly Relative Basis
compare to the Mighty SP500 Index (SPY ETF), still outperform slightly since
bottoming out in December 2015! (See second chart below - Blue trendline)
3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) broke last week
the Resistance of a steep Weekly Rising Wedge since February 2016.
As Financials are 38.8% (no typo) of the XIU ETF, it become a must follow...
(See third chart below - Left - Blue trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke two weeks
ago a Rising Wedge Resistance Trendline. Bulls need to protect that Trendline
at all costs from now on. As the Energy Sector is 21.5% of the XIU ETF.
(See fourth chart below - Right - Blue Trendline - Ellipse)
5) Canadian Dollar/US$ (USDCAD) is testing the Resistance of a Weekly Rising Wedge.
(See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) is rebounding from a Weekly Support Trendline that started back since November 2015 as the BOC was dovish. (See sixth chart below - Blue Trendline - Ellipse)
7) Canadian VIX Index (SPTSX60 Volatility) is in strong Compression from a Weekly Falling Wedge.
(See seventh chart below).
8) Natural Gas Futures (NG2-NYMEX) broke last week a Weekly Resistance from February 2014!.
(See eight chart below - Blue trendline - Ellipse)
9) Light Crude Oil Futures (CL2-NYMEX) is getting near a Major Resistance Trendline within a Major Rising Wedge Technical Pattern. (See ninth chart below - Grey Trendlines)
Financials and the Energy sector are 60.3% of the XIU ETF... Also, Nat Gas is doing well...
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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
RATIO
SPTSX60 Index over SP500 Index ( XIU ETF over SPY ETF - Candles )
RATIO
SPTSX60 Index over SP500 Index ( XIU ETF over SPY ETF - 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 )
