Apr 102014
 
Major uptrend for Natural Gas with support around $4.50
Major uptrend for natural gas with support around $4.50

Natural Gas 3-Year Chart

Major uptrend for natural gas with support around $4.50

Encana is the big player in this space in the Canadian market. Reference my chart for Encana.

SHORT-TERM ENERGY AND SUMMER FUELS OUTLOOK

 

Percent-of-electricity-generated-from-nonhydro-renewals

About 6.2% of total U.S. electricity supplies in 2013 were generated from nonhydro renewable energy sources such as wind, solar, biomass, and geothermal, up from 5.4% in 2012. But 11 states produced electricity at more than twice the national average from these sources—accounting for between 14% and 32% of their net electric generation—according to preliminary 2013 generation data in EIA's Electric Power Monthly report.

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“Keep it Simple”

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.

Feb 022014
 
Confirming uncertainty in emerging markets
Copper chart showing the near-term downtrend and tradng below the 200 day moving average.

Copper 1-Year Chart courtesy of StockCharts.com

Reference the last chart analysis for copper published on January 3, 2014.

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“The stock market is never obvious. It is designed to fool most of the people, most of the time.” – Jesse Livermore

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.

© 2014 TradeOnline.ca

Jan 232014
 
Here are the points to monitor for the S&P 500 Index
Trend line is still holding for the S&P 500 index.  Reference the support levels to monitor.

S&P 500 Index Daily Chart

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

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“It is not when you buy that counts, it is when you sell”

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.

© 2014 TradeOnline.ca

Dec 112013
 
High probability TSX Index will test support of 12,900
Tall shaven head and bottom candlestick does not bode well for the TSX Index.  High probability the index will test major support of 12,900.

TSX Index 7 Month Daily Candlestick Chart courtesy of StockCharts.com

Technical analysis is all about evaluating probabilities. There are no sure things when you evaluate a chart: just guideposts. In the near-term, the above chart indicates a high probability that the TSX Index will test support of 12,900. And there is a low probability that the index will break resistance of 13,500.

Here are the negative points from the above chart:

  1. Tall shaven head and bottom candlestick on the chart today
  2. The 10-Day SMA crossed below the 20-Day SMA
  3. The volume was average today but volume does not have to confirm a downtrend
  4. RSI is confirming the downtrend
  5. Notice the divergence when RSI did not confirm the November high

Reference the last chart analysis for the TSX Index showing the performance by sectors.

Reference the last chart analysis for copper which has a major impact on the materials sector.

Reference the breakout for the TSX above resistance on October 18, 2013. This is now the support zone on the above chart. The reversal of roles is an important concept in technical analysis.

Reference the importance of the 12,900 support zone which was a a area of consolidation back to early 2012.

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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.

© 2013 TradeOnline.ca