FINANCIAL ICEBERG
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TECHNICALS
Canadian Technical Charts Potpourri
March 25 2018 (From TradingView)
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Canadian Stocks (XIU ETF) trading better than US stocks mainly on oil stocks.
Canada and Mexico being apart into the steel tariff war gives a short term
relief for the Canadian Markets and XIU outperforming the SPY ETF.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 7 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 9 weeks ago. (See second chart below-grey) Bulls
failed to protect the previous weekly breakout trendline 8 weeks ago (blue).
Still Into a Weekly Uptrend Channel.
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF)
Broke a Major Weekly Resistance 14 weeks ago from a Weekly Wedge that
started from July 2014. Bulls need to protect that at all costs.
(See third chart below - Red Trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) Broke 4 weeks
ago a Weekly Falling Wedge. Retesting it. (See 4rth chart below - Blue) 5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 38 weeks ago. (See fifth chart below - Blue Trendlines) Into a Weekly Uptrend Channel. Broke a Weekly Resistance 2 weeks ago but failed to stay above.6) XBB ETF (iShares Canadian Universe Bond Index ETF) Still into a Weekly Uptrend Channel. Still Into a Weekly Falling Wedge (red). (See sixth chart below - Channel) 7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is below the Support zone. (See seventh chart below - Grey Trendline). Canadian stocks are now way 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 Canadian FInancial Markets. Canadian stocks way less volatile than US stocks lately.
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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 )
Financialiceberg.Com
Financialiceberg.Com
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 )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart ( Candles )
Canadian Dollar/USD pair ( USDCAD )
Financialiceberg.Com
Weekly Chart
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 )
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 )
