Always consider hidden risks
Canadian Technical Charts Potpourri
 March 27 2017 ( From TradingView)
If you would like to receive our free daily markets updates, please Sign-up

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 health bills 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 two 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) Euphoria Phase
​is over as we made a new weekly ​high four weeks ago that was rejected
​violently with a Weekly Bearish Engulfing Pattern.​ (See second chart below)

​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke two weeks 
​ago the old Weekly Rising Wedge. ​​(See third chart below - Left - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel​. (See 4rth chart below-Right-Channel) 

​​​5) Canadian Dollar/ US$ (USDCAD) is back testing a Weekly Downtrend Resistance that started from January 18 2016 week that Bears need to protect.  (See fifth chart below - Yellow Trendline)​

6) XBB ETF (iShares Canadian Universe Bond Index ETF) finally above the Previous Weekly Break Out Technical Pattern from February 2 2015 week!... (See sixth chart below - Grey Trendline)​​ 
7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO fall tremendously last week. ​ (See seventh chart below - Grey Trendline). Canadian stocks are less Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) is back slightly above the Previous Weekly Breakout Trendline from February 2014. ​(See eight chart below - Blue trendline - Ellipse).

​​​9) Light Crude Oil Futures (CL2-NYMEX) broke last week the Old Weekly Rising Wedge Support Trendline (See ninth chart below - Grey Trendlines)​ that was so critical for Bulls.

​​The XIU ETF is now less volatile (VIX60C) than the SP100 Index (VIX) as the US Stock Market started a correction phase...


tatisticCode" src="Scripts/stats-tracking.js">
"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 )​

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 )​​

 ​​Weekly Chart ( Candles )
​Canadian Dollar/USD pair ( USDCAD )

Weekly Chart
​SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
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 )​​