Tag Archives: Technical Analysis

Technical analysis of the TSX Index

There were many early indicators for the 19.6% correction in the TSX Index

Techncial analysis using a candlestick chart for the TSX Index

Where is the bottom for the TSX Index?

Reference my March 13, 2011 post: TSX at an advanced stage in this intermediate swing

Review the archive of my posts for more of the early indicators. Technical analysis is about risk management.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

Technical analysis of the S&P 500 Index

Critical support level for the S&P Index at 1,100

S&P Index candlestick chart with support levels and a downward trend in the RSI

S&P 500 Index Three-Year Candlestick Chart

The S&P 500 Index is in an intermediate downtrend: cash is still king.

Reference the last analysis of the S&P 500 Index which was a more positive chart.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

© 2011 TradeOnline.ca

Technical Analysis: NASDAQ candlestick chart

Bullish shaven head candlestick: A 6.1% move the week of June 27

Candlestick chart for the NASDAQ index showing the bullish shaven head candlestick chart and major support level

Three-Year Weekly Candlestick Chart

A short-term bounce and back to a lateral trading range? Or the start of a new uptrend?

The tall bullish shaven head candlestick is a graphical representation of the major move of 6.1% for the week of  June 27, 2011: it doesn’t get much better than this for a weekly gain in a major index.  The NASDAQ is in a good position for a test of major resistance of  2,880.  A convincing two-day close of around 2,940, would indicate an intermediate target of 3,160.

Reference the previous candlestick chart for the NASDAQ

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

Technical Analysis: TSX Index

Intermediate downtrend and a near-term uptrend

Candlestick chart analysis of the TSX Index with a bullish shaven head candlestick on the weekly chart

TSX Index Three-Year Weekly Candlestick Chart

The TSX Index must make a convincing (+2%) consecutive two-day close above 13,500 to set-up a test of major resistance at 14,300. At this stage, the TSX is much weaker than the DOW, NASDAQ, or the S&P 500.

Reference the previous analysis to the TSX Index.

S&P 500 Index technical analysis

Can the S&P 500 Index hold the 200-day moving average?

S&P500 Index candlestick chart analysis

S&P 500 Index Three-Year Weekly Chart

Key points from the above chart of the S&P 500 Index:

  • Intermediate trend is down.
  • Near-term trend is sideways.
  • Attempting to hold the 200-day moving average of  1,263.
  • The two spinning top candlesticks are neutral and represent the battle between the bulls and bears.
  • Major support is the March low of 1,250.
  • Major resistance is 1,370.
  • Resistance is 1,300 in the June lateral trading range.
  • RSI is confirming the downtrend.
  • RSI can identify divergence and gave a early warning that the May high would not hold.

Reference the previous analysis for the S&P 500 Index.

Visit BigCharts and complete your own analysis.

Wall St Week Ahead: Bulls ready to charge into wall of worry

TSX Index candlestick chart analysis

Next support level for the TSX is 12,500

Candlestick chart analysis for the tsx index showing support levels and a double top formation at 14,300

TSX Index - Three-Year Weekly Chart

Key points from the above chart of the TSX Index:

  • Intermediate trend is down.
  • Near-term trend is down.
  • Second week below the 200-day simple moving average.
  • The 50-day moving average has crossed below the 100-day moving average.
  • Three bearish candlesticks for the last three weeks.
  • Last week’s candlestick has a shaven bottom.
  • RSI in a downtrend.
  • RSI crossed below 50.

Did I miss any other negative points?  Do you see any positive indicators?

Reference the previous analysis for the TSX Index.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.

RioCan REIT (TSX:REI.UN) technical analysis

The major trend is up for RioCan REIT

Candlestick chart analysis for RioCan REIT showing the major trendline and the relative strength indicator (RSI)

RioCan REIT (REI.UN) Three-Year Weekly Candlestick Chart

Reference my previous chart analysis for RioCan REIT.

Relevant articles picked from the Web:

Globe and Mail : Target’s store picks a bullseye for RioCan REIT: TD

Financial Post: Depressed U.S. commercial property prices good news for REITs

Financial Post. Oct 5, 2011: Rental income, tax breaks give REITs stability

Globe and Mail, Oct 6, 2011: What the FFO? How to gauge a REIT’s profits

Globe and Mail, Nov 7, 2011: RioCan triples third quarter profit on acquisitions

Globe and Mail, Jan 9, 2012: A REIT ripe for investors

Financial Post, Jan 13, 2012: Canadian REITs are poised for more dougle digit gains over the next twelve months

Financial Post, Jan 13, 2012: 10 rules for investing in REITs

Retrocom REIT (TSX:RMM.UN) candlestick chart analysis

This mid-market REIT still yields 7.5%

Retrocom reit three-year candlestick chart analysis showing support and resistance with the highlighted consolidation area

Retrocom REIT (RMM.UN) 3-Year Weekly Chart

Always trade in the the direction of the trend:

  • The major trend (greater than six months) is up.
  • The intermediate trend (three weeks to three months) is sideways.
  • The near-term trend (less than three weeks) is sideways.

Reference this Globe and Mail article:  How a real estate analyst’s picks left peers in the dust
Another article: Retrocom: A small REIT with big-growth potential

Retrocom Mid-Market REIT (TSX: RMM.UN) is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring community-based properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.

Review my previous analysis of  Riocan REIT

Review my previous chart analysis of Dundee REIT

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. 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.