​​​Canadian Stocks (XIU ETF) trading higher in tandem with US stocks. ​
​NAFTA negotiations still weighting tremendously on the Canadian ​Financial
​Markets.​ 
​
​ Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 3 weeks ago the  Major
​Weekly ​Rising Wedge Support Trendline.   (See first chart below)​​.
​
2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF)   ​False Breakout
​with Weekly Bearish Engulfing​ 5 weeks ago. ​​(See second chart below-grey)​ Bulls
​failed to protect the previous weekly breakout trendline 4 weeks ago (blue).
Into a new Weekly Uptrend Channel.​
​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​
Broke a Major Weekly Resistance 10 weeks ago from a ​Weekly Wedge that
​started from July 2014. Bulls need to protect at all costs. ​​
​(See third chart below - Red Trendlines)​​
​
​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) Broke 3 weeks ago
​a Weekly Downtrend Channel but back into the falling wedge. ​​
​(See 4rth chart below - Channel)  

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone ​Support Technical Pattern 34 weeks ago. ​(See fifth chart below - Blue Trendlines)​  ​Into a Weekly Uptrend Channel.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 2 weeks ago a Weekly Downtrend Channel. Still Into a Weekly Falling Wedge. ​​​(See sixth chart below - Channel)  

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is still below the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are now less Volatile than US stocks.
​
8) Natural Gas Futures (NG2-NYMEX) Strong Price Compression within a Weekly Falling Wedge. 
​​(See eight chart below -Yellow trendline).  

​​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel.
​(See ninth chart below - Red Trendlines)​.
​

​​The XIU ETF still into a high uncertainty as the NAFTA negociations is weighting tremendously on the stock market. Bank of Canada stance takes that topic seriously into account. Strong performance from bank stocks.

​​

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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