FINANCIAL ICEBERG
Always consider hidden risks
TECHNICALS
Canadian Technical Charts Potpourri
January 30 2017 ( From TradingView)
January 30 2017 ( From TradingView)
If you would like to receive our free daily markets updates, please Sign-up
Canadian Stocks (XIU ETF) followed the Trumpification of Financial Markets
(pro-growth and reflation theme within a protectionism bias) repriced violently
all Major Market Sectors. What have changed since the Trump fever is that the
US Dollar is falling now and already some deglobalization impacts (NAFTA,TPP)
Please fasten your seat belt as 2017 will make Volatility Great Back Again!
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) broke four weeks ago the Weekly
Double Top Resistance Trendline at 22.78. (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance (new high last week) since we broke the Weekly Rising
Wedge that started back since May 2007. Still into a Weekly Uptrend Channel.
(See second chart below - Red Trendlines)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke a Weekly
Wedge two weeks ago and reached a level not seen since May 2015!
(See third chart below - Left - Red Trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke the Weekly
Rising Wedge Support Trendline. (See 4rth chart below-Right-Red Trendline) so critical for Bulls...
5) Canadian Dollar/ US$ (USDCAD) broke a Weekly Rising Wedge Support Trendline on huge trading Volume after a false breakout two weeks ago. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Tested a Weekly Downtrend Channel Resistance Support Trendline that started back since September 26 2016 (See sixth chart below - Red Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US VIX is over the Resistance Zone.
(See seventh chart below). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) tested back again the Weekly Trendline from February 2014!
(See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) tested again the Weekly Breakout Trendline that Bulls need to protect. (See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is surprisingly more volatile (VIX60C) than the SP500 Index (VIX); maybe because we had a breakout in the XIU ETF lately and US foreign policies uncertainties...
(pro-growth and reflation theme within a protectionism bias) repriced violently
all Major Market Sectors. What have changed since the Trump fever is that the
US Dollar is falling now and already some deglobalization impacts (NAFTA,TPP)
Please fasten your seat belt as 2017 will make Volatility Great Back Again!
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) broke four weeks ago the Weekly
Double Top Resistance Trendline at 22.78. (See first chart below, Red trendline)
2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) continue its
strong performance (new high last week) since we broke the Weekly Rising
Wedge that started back since May 2007. Still into a Weekly Uptrend Channel.
(See second chart below - Red Trendlines)
3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke a Weekly
Wedge two weeks ago and reached a level not seen since May 2015!
(See third chart below - Left - Red Trendlines)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke the Weekly
Rising Wedge Support Trendline. (See 4rth chart below-Right-Red Trendline) so critical for Bulls...
5) Canadian Dollar/ US$ (USDCAD) broke a Weekly Rising Wedge Support Trendline on huge trading Volume after a false breakout two weeks ago. (See fifth chart below - Blue Trendlines)
6) XBB ETF (iShares Canadian Universe Bond Index ETF) Tested a Weekly Downtrend Channel Resistance Support Trendline that started back since September 26 2016 (See sixth chart below - Red Trendlines)
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US VIX is over the Resistance Zone.
(See seventh chart below). Canadian stocks are more Volatile than US stocks.
8) Natural Gas Futures (NG2-NYMEX) tested back again the Weekly Trendline from February 2014!
(See eight chart below - Blue trendline - Ellipse).
9) Light Crude Oil Futures (CL2-NYMEX) tested again the Weekly Breakout Trendline that Bulls need to protect. (See ninth chart below - Grey Trendline - Ellipse)
The XIU ETF is surprisingly more volatile (VIX60C) than the SP500 Index (VIX); maybe because we had a breakout in the XIU ETF lately and US foreign policies uncertainties...
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
-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
SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
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 )
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 )
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 SP500 Index Volatility ( VIX )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP500 Index Volatility ( VIX )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
