S&P 500 will test support around the 200-day average

Daily chart of the S&P 500 showing the near-term downtrend and the support zone near the 200-day simple moving average.

Daily chart of the S&P 500 showing the near-term downtrend and the support zone.

______________________________

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2019 TradeOnline.ca InvestOnline.ca

WTI testing support at $60 in the near-term consolidation zone

Intermediate trend is up and trading above the 50-day and 200-day moving averages. The bias is still to the upside.

Chart for WTI showing the intermediate uptrend.

Reference my post from December 28, 2018 as WTI tested major support.

______________________________

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2019 TradeOnline.ca InvestOnline.ca

Emerging Markets EEM ETF struggling to hold support at $44

iShares MSCI Emerging Markets ETF

______________________________

“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

S&P 500 struggling to hold the tentative breakout above the all-time high

S&P 500 at all-time high

______________________________

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2019 TradeOnline.ca InvestOnline.ca

A&W Revenue Royalties Income Fund Announces Strong First Quarter 2019 Results

This is a window into the QSR industry in Canada. Same store sales growth was impressive at +10.0% for the quarter.

A&W chart showing a major uptrend.-05-03-A-W-Revenue-Royalties-Income-Fund-Announces-Strong-First-Quarter-2019-Results

_____________________________

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

“Technical Analysis is about identifying trends”

© 2019 TradeOnline.ca InvestOnline.ca

TSX Index at all-time high and is struggling to hold the major support zone

Which is above the old intra-day high of 16,586 or the old closing high of 16,567. The best we can hope for in the near-term is a consolidation above this support zone.

______________________________

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2019 TradeOnline.ca InvestOnline.ca

Rogers Communications (RCI/B.TO) at major support

Rogers Communications Inc. released Q1 2019 on April 18, 2019. Traders sold-off the stock in reaction to the release. Rogers is now testing the major support zone near the 200-day moving average. Rogers generated substantial cash flow from operating activities of $998 million this quarter, up 13%, and free cash flow of $405 million this quarter, down 8%. I rate the stock a buy and this is a good entry point.

Rogers Communications weekly chart showing major support zone.
Rogers Communications daily chart showing major support zone.

Here is the MD&A for the Q1 2019 release

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
Three months ended March 31, 2019 and 2018

______________________________

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
“Technical Analysis is about identifying trends”
© 2019 TradeOnline.ca InvestOnline.ca

Breakout for Crescent Point Energy (CPG.TO)

Finally, a breakout for Crescent Point Energy

https://www.crescentpointenergy.com

https://www.crescentpointenergy.com/invest/financial-reports

______________________________

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
“Technical Analysis is about identifying trends”
© 2019 TradeOnline.ca InvestOnline.ca