Should you invest in the TSX?

 TSX Index  No Responses »
Jun 092013
 
TSX Index could not hold the old trading range
TSX Index daily candlestick chart showing the near-term downtrend. A shooting star candlestick is identified on the chart.

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:

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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

S&P 500 Index chart with trendline and support zone

 U.S. Indexes  No Responses »
Apr 152013
 
Intermediate trend is up for the S&P 500 until proven otherwise
S&P 500 Index daily chart showing the upward sloping trendline and the support zone.

S&P 500 Index Daily 1-Year Chart

The chart pattern today (Monday, April 15) indicates caution but the intermediate trend is still up until there is a confirmed break below the intermediate trendline. This is near the support zone of 1530 to 1540.

There are three trends to consider for any index or stock: up, down or sideways. And there are three time frames to consider for a trend: near-term trend, intermediate trend and major trend.

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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

Stock Screener: The first place to start your analysis

 Other Topics  No Responses »
Jan 062013
 

A good stock screener is the first place to start both your fundamental and technical analysis. There are two that I highly recommend.

1. Screens based on fundamental data:

TMX Money

2. Screens based on technical data:

StockCharts.com — Charting Tools

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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 chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Technical Analysis of the TSX Index

 TSX Index  No Responses »
Dec 172012
 
TSX back to the trading range of 12,200 to 12,500
TSX Index one year daily bar chart with support and resistance levels. Back to the old trading range of 12,200 to 12,500

TSX Index 1-Year Daily Bar Chart

The resistance level of 12,200 identified on the last chart of the TSX Index is now the support level. The reversal of roles is an important concept in technical analysis.

Relevant articles picked from the Web:

______________________________

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 chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

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