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Canadian Energy Sector versus U.S. Energy Sector

Trader — Sun, 16 Jun 2013 22:29:16 +0000

Canadian Energy Sector has underperformed U.S. Energy Sector

This chart is simply the YTD performance of XEG ETF relative to XLE ETF.

Reference the last chart analysis for the S&P 500 Index.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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Should you invest in the TSX?

Trader — Mon, 10 Jun 2013 02:36:36 +0000

TSX Index could not hold the old trading range

TSX Index Daily Chart courtesy of StockCharts.com

The TSX Index could not hold support of 12,600 in the old lateral trading range. Will the near-term downtrend stop at the support level of 12,300? If not, the TSX will move down to the support level of 12,000.

Should you invest in the TSX? The above chart is your answer. Now take a look at another chart.

Reference the last chart analysis for the TSX Index.

Relevant articles picked from the Web:

Premarket: Nikkei surges, commodities sink on China data — Globe — June 10, 2013

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S&P 500 Index candlestick chart

Trader — Thu, 06 Jun 2013 01:29:31 +0000

Line in the sand for S&P 500 is 1600

S&P 500 Index Candlestick Chart

Major trend is up, intermediate trend is up and the near-term trend is down with support at 1600. The 40-day SMA is a good approximation of the trendline.

Reference the last sector analysis for the S&P 500 published on April 12, 2013 showing the relative performance of each sector.

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TSX Index YTD performance

Trader — Wed, 29 May 2013 03:14:37 +0000

Chart compares TSX Index to S&P 500 Index

TSX Index and S&P 500 Index YTD courtesy of StockCharts.com

Reference the last chart analysis for the TSX Index.

Reference the last chart analysis for the S&P 500 Index.

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TSX Index chart showing resistance at 12,900

Trader — Wed, 29 May 2013 02:13:10 +0000

TSX Index has moved into the old lateral trading range

TSX Index Candlestick Chart

TSX Index chart analysis showing the near-term uptrend and resistance at 12,900 with support at 12,600. The most important points from this chart are the old lateral trading range and the major resistance level of 12,900. Can the TSX break 12,900 before the S&P 500 corrects? There was a feeble attempt on May 22 represented by the shooting star candlestick and a bounce off support the next day. Overall, the TSX index has a weak technical profile.

Reference the last chart analysis for the TSX Index.

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TSX Index YTD sector performance

Trader — Sat, 18 May 2013 03:10:57 +0000

TSX up 1.44% YTD and Materials down 25.37%

TSX Index YTD Performance courtesy of StockCharts.com

Financials (XFN ETF), Energy (XEG ETF) and Materials (XMA ETF) represent approximately 75% of the TSX Index.

Compare this chart for the TSX Index to the chart for the S&P 500 Index.

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S&P 500 YTD absolute performance by sector

Trader — Sat, 18 May 2013 01:58:05 +0000

S&P 500 up 16.92% with Health Care leading at 23.65%

S&P 500 Sector ETFs YTD Absolute Performance courtesy of StockCharts.com

Reference the last sector analysis for the S&P 500 published on April 12, 2013 showing the relative performance of each sector.

The theory now is that money will flow into the lagging sectors including technology, materials and energy.

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TSX Index technical analysis

Trader — Sun, 12 May 2013 19:55:45 +0000

Near-term uptrend for TSX with resistance at 12,600

TSX Index Daily Chart courtesy of StockCharts.com

Reference the last chart analysis for the TSX Index.

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WTI-Brent spread narrows to $7.76

Trader — Thu, 09 May 2013 02:02:35 +0000

Chart is the ratio of WTI/Brent

WTI/Brent Weekly Chart

Prices as of May 8, 2013

Differential Brent versus WTI for May 8, 2013 was $104.34 – $96.58 = $7.76
Price for Western Canadian Select on May 8, 2012 = $74.68
Brent versus WCS differential was $104.34 – $74.68 = $29.66
WTI versus WCS differential was $96.58 – $74.68 = $21.90

Prices as of February 5, 2013

Differential Brent versus WTI for February 5, 2013 was $116.52 – $96.65 = $19.87
Price for Western Canadian Select on February 5, 2012 = $66.74
Brent versus WCS differential was $116.52 – $66.74 = $49.78
WTI versus WCS differential was $96.65 – $66.74 = $29.91

Reference the last chart analysis for West Texas Intermediate Crude (WTIC)

Relevant articles picked from the Web:

Collapse in Brent-WTI oil spread spooks refiners, railways — FP — May 10, 2013
Canada Crude Gains on Expectation of Demand Increase at Whiting — Bloomberg — May 8, 2013
WTI-Brent spread narrows to $8 as Cushing glut vanishes — FP — May 8, 2013
Canada’s oil industry can’t seem to catch a break — WSJ — April 9, 2013
Canadian Heavy Crude Jumps to Six-Month High on Spring Breakup — Bloomberg — April 5, 2013

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S&P 500 Index technical analysis

Trader — Sat, 04 May 2013 02:34:54 +0000

Correction imminent for the S&P 500 Index?

S&P 500 Index Candlestick Chart

The major, intermediate and near-term trends are all up. And you always trade in the direction of the trend. And the S&P 500 just broke resistance at 1,600.

But, after a +20% gain in an index or stock, I give increased probability to any reversal patterns. We are at that point now with the S&P 500 Index. And seasonal factors align with the probability of a correction. You judge the patterns and trade accordingly.

Reference the last chart analysis for the S&P 500 Index.

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