Always consider hidden risks
Canadian Technical Charts Potpourri
 October 29 2017 (From TradingView)
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​​Canadian Stocks (XIU ETF) trading higher mainly on Banks stocks..​
Softer Canadian Economic data lately relative to the US will  ​push the
​Bank of Canada to act cautiously going forward.
​  ​
​​​​​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke 20 weeks ago the Previous
​Major Weekly ​Double Top Breakout Trendline at 22.78 and back above it
​5 weeks ago. ​Broke the Weekly ​Downtrend
Channel Resistance 6 weeks ago. 
(See first chart below-Channel)​​. Broke the Resistance of an old Channel so critical
for Bulls to stay above from now on.​

2​) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) New High Ever.
Broke 6 weeks ​ago the Weekly Resistance ​Trendline (red). Testing Previous
​Weekly Breakdown Trendline. 
(See second chart below-blue)​
​3) ​XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) ​Testing a Major
​Weekly Wedge Resistance (red) from July 2014.
(See third chart below - Red Trendlines)​​

​4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke 7 weeks ago
​Weekly Downtrend Channel​.
(See 4rth chart below - Channel)  Bears need to keep it
​below the previous Weekly Breakdown Trendline (yellow).​ Weekly Shooting Star 5 weeks ago.

​​​5) Canadian Dollar/ US$ (USDCAD) Broke violently a Weekly Megaphone Support Technical Pattern 18 weeks ago. (See fifth chart below - Blue Trendlines)​  Still Into a  Weekly Uptrend Channel.

6) XBB ETF (iShares Canadian Universe Bond Index ETF)  Broke 20 weeks ago a steep Weekly Rising Wedge Support Trendline. ​​(See sixth chart below - Yellow Trendlines)  Broke 8 weeks ago the Major Weekly Support Trendline that started back in October 2008! (Grey). Weekly Hammer at the Low 5 weeks ago..

7) Canadian VIX Index (​SPTSX60 Volatility) compare to the US SP100 Index VXO is above the resistance zone. ​ (See seventh chart below - Grey Trendline). Canadian stocks are still more Volatile than US stocks.

8) Natural Gas Futures (NG2-NYMEX) still below the Previous Weekly Breakdown Trendline from March 2016, critical for Bulls to break. ​(See eight chart below - Blue trendline).  Broke last week a tiny Weekly Uptrend Channel.​

​​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a Weekly Uptrend Channel that started since June 2017.  ​ (See ninth chart below - Channel)​.

​​The XIU ETF finally started to out perform the SP500 Index (SPY ETF) as the Bank of Canada softer tone 5 weeks ago bring the XIU back above the critical level of 22.78. Interest sensitive stocks (banks, utilities,...) and oil stockshelping tremendously on a short term basis.


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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 )​

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 )​​