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 TECHNICALS
Canadian Technical Charts Potpourri
 October 31 2016 ( From TradingView, CNN Money )
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Last week, Canadian Stocks (XIU ETF) outperformed again the Mighty
​SP500 Index ​(SPY ETF) as we get closer to the US election. 

​​Some Technical Charts and Short Comments on Canadian financial products:
​1) XIU ETF (iShares S&P/TSX 60 Index ETF)  broke two weeks ago the
​Resistance from a ​Weekly Rising Wedge, all that within an Uptrend Channel.
​ (
See first chart below, Blue trendline - Ellipse)​​

2) ​XIU ETF (iShares S&P/TSX 60 Index ETF) on a Weekly Relative Basis
compare to the Mighty SP500 Index (SPY ETF), still outperform slightly ​since
​bottoming out in ​December 2015!​ (See second chart below - Blue trendline)​

​3) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) broke two weeks
ago the Resistance of ​a steep Weekly Rising Wedge that started back since
​February 2016 - Weekly Doji.  ​(See third chart below - Left - Blue trendlines)​​


4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) broke three weeks
​ago a Rising Wedge Resistance Trendline. Bulls need to protect that Trendline
​at all costs from now on. 
(See fourth chart below - Right - Blue Trendline - Ellipse)

​​​5) Canadian Dollar/US$ (USDCAD) is in the process of breaking the Resistance of a Weekly Rising Wedge.
(See fifth chart below - Blue Trendlines)​

6) XBB ETF (iShares Canadian Universe Bond Index ETF) is seriously challenging a Weekly Support Trendline that started back since November 2015.  (See sixth chart below - Blue Trendline - Ellipse)​​
​​
7) Canadian VIX Index (​SPTSX60 Volatility) is in strong Compression from a Weekly Falling Wedge and testing the Resistance Trendline. ​(See seventh chart below).

8) Natural Gas Futures (NG2-NYMEX) seems as a false breakout after testing the Weekly Resistance from February 2014! (See eight chart below - Blue trendline - Ellipse) but still above Support Trendline (Grey)
​​
9) Light Crude Oil Futures (CL2-NYMEX) is getting near a Major Resistance Trendline within a Major Rising Wedge Technical Pattern. (See ninth chart below - Grey Trendlines)​

​​Canadian Dollar weakness prevail as some concerns about the economy and real estate keep the pressure on.


​​




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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
RATIO​
​SPTSX60 Index  over SP500 Index ( XIU ETF over SPY ETF - Candles )
​​​
Financialiceberg.Com
Weekly Chart
​SPTSX Financials ( XFN ETF - Top Panel - Candles )
​XFN ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart
​SPTSX Energy ( XEG ETF - Top Panel - Candles )
​XEG ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart ( Candles )
TMX SPTSX60 Index Volatility (​ VIXC  )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​