Apr 052016
 

All three trends for the U.S. 10-Year Treasury indicate a flight to safety as the yield plummets. This does not bode well for the continuation of the near-term uptrend in the S&P 500 Index. And it is definitely a negative indicator for major world indexes.

Flight ot safety continues as indicated by the yield for the 10-Year US Treasury.

U.S. Treasury 10-Year Yield Index 2004-2016

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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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Apr 042016
 

It is a good idea to step back and look at a chart for West Texas Intermediate with a wide-angle lens. For 2015 and 2016, the 200-day moving averages defined the major downtrend and resistance on each of the near-term uptrends. The major trend, intermediate trend and near-term trend are all down. WTI will test major support at $35. Like I said before in a previous post, the spigots are wide open. A break below $35 will have a negative effect on world indexes. Banks have exposure to large loans given to the shale plays in the boom years.

West Texas Intermediate long-term chart showing the major downtrend.

WTI Line Chart 2004-2016

Reference the last chart analysis for WTI as crude approaches major support at $35 and the 50-day simple moving average.

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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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 Posted by at 11:27 pm
Apr 042016
 

Beginning in 2013, you can see the start of the divergences in the TSX and Dow. In 2015, the divergence accelerated as oil prices collapsed. Major support for the Dow is around 16,000. Major support for the TSX Index is around 12,000.

Comparison of the TSX and the Dow from 2004 to 2016

Comparison of the TSX and the Dow from 2004 to 2016

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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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Apr 042016
 

It is about a dovish Fed. It is about yield. It is about risk-off

S&P 500 sector performance for the first quarter_2016-04-01

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“Technical Analysis is about probabilities.”

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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Apr 032016
 

The spigots are wide open. The major trend is down, the intermediate trend is down and the near-term trend just turned down. WTI will test major support at $35. The near-term downtrend in the U.S. dollar should be a plus for WTI but right now traders are concentrating on supply news out of the Middle East.

WTI 3-Year Weekly chart

WTI 3-Year Weekly chart

Reference my post from March, 29, 2016 showing the major downtrend defined by the 200-day moving average.

Reference my post from March 15, 2016 for the support levels below 40.

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“Technical Analysis is about probabilities.”

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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Apr 022016
 

The candlestick chart for Barrick Gold shows support at $17 which is near the 50-day moving average. A break below $17 would have some tentative support at $16. After that, it would be an elevator ride down to $12 near the 200-day moving average. I just published a chart for gold showing the $1200 support zone. A break for gold below $1200 would presage a break below $17 for Barrick Gold.

Barrick Gold 3-Year Chart showing major support.

Barrick Gold 3-Year Chart

Reference the latest chart for gold showing the 1200 support zone.

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“Technical Analysis is about probabilities.”

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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Apr 022016
 

Gold 3-Year Weekly Chart showing the 1200 support zone.

Gold 3-Year Weekly Chart

The 1200 zone was major resistance on February 9, 2016. You can reference the post. The reversal of roles is an important concept in technical analysis.

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“Technical Analysis is about probabilities.”

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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Apr 022016
 

A positive breakout from the lateral trading band would indicate an intermediate target price of $23.00. Dream Office REIT has a sustainable yield of $1.50 per share which is 7.26% at the current trading price.

A break above resistance of $21 indciates an intermediate target of $23

Dream Office REIT 3-Year Weekly Chart

Reference the last chart analysis for Dream Office REIT showing the positive reaction to the dividend cut.

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“Technical Analysis is about probabilities.”

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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